In a world where China made all the things we know, there is a new player becoming the next big manufacturer of world products. India is the new frontier for many of the cheaply made goods the world will be using now and in the future. Within the next decade or so, you may be reading “Made in India” more than you will the Chinese counterpart.
India already has a foothold in the nuclear race, and now it will be making larger moves within the international economy. This current standing of the country differs greatly from whence it came. India’s competitive stance as a nation has been developed through the years, all while purchasing pounds of fine, gold bullion from the world markets.
Gold expresses a great deal of Indian culture and beliefs. Its value is similar to this rising nation. India is now a hub for manufacturing as prices are low and competitors few, and this field of opportunity is attracting the interests of many large manufacturers seeking scalable labor and resources. India will not be slowing down anytime soon either.
Numerous businesses are already making claims in the country as an attempt to pounce on a movement yet to solidify itself as common knowledge. India moved from an education level where roughly 70% of the population was illiterate. Now, there is a boom of Internet usage in India that is spurring a gigantic creation of more smartphones. Hail to technology.
If you’re not fully inclined in the economics of all of this, then here is what it means: India will be cycling even more money within its economy. Businesses who settle there will pay taxes, and what’s becoming common practices, allow India to profit from their own lifestyle.
Someone needs to make smartphones to fill the demand. India’s mobile developers hold market shares as profound as any, and more nations are hoping to get a piece of the pie—as much as they can at least. These smartphone organizations obviously love India and its new social activity that leads them to purchase mobile devices.
Though the population has little access to the Internet, from the percentage who do, more than half of them are gaining access with smart devices. The figure is 65% to be exact. This increasing demand is directing massive attention when factoring who will supply the mobile interactivity that is booming in Buddha’s homeland.
When those from India made purchases online in 2014, mobile devices accounted for 41% of transactions. That stat even beats out the U.S. and China when examining mobile to desktop users.
