According to the report named "Indian Century: Defining India's Place in a Rapidly Changing Global Economy" by
IBM Institute for Business Value, India is predicted to be among the world's highest-growth nations over the coming years.[13][14][15]
One of the key factors includes its populous democracy.[24][25] As per
United Nations report, India will overtake China to become the world's most populous nation by 2022.[26][27]
Economists and researchers at
Harvard University have projected India's 7% projected annual growth rate through 2024 will continue to put it ahead of China, making India the fastest growing major economy in the world.[28][29] In 2017, the Center for International Development at Harvard University published a research study[30] projecting that India has emerged[30] as the economic pole of global growth by surpassing China and is expected to maintain its lead over the coming decade.[30]
India is very recently being considered a major
great power or emerging so (well beyond middle powers) and generally considered an
emerging superpower due to its large and stable population and its rapidly growing economic and military sectors.[31]
^Halliwell, Martin; Catherine Morley (2008). American Thought and Culture in the 21st Century. Edinburgh University Press. pp. 9–10.
ISBN978-0748626021.
^Aldrich, Robert (1996). Greater France: A History of French Overseas Expansion. p. 304.
^An Era of Darkness: The British Empire in India. Aleph Book Company. 2016.
ISBN978-9383064656.
^"ADFQtcg.png". Glavkon Struktor. Archived from
the original on 31 December 2021. Retrieved 5 July 2021.
^Data Source: Tables of Prof. Angus Maddison (2010). The per capita GDP over various years and population data can be downloaded in a spreadsheet from
here.
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