The Indian economy is the world's third-largest in terms of purchasing power. High-tech centers embodying Bangalore and Hyderabad paved the way for the meteoric rise of top IT companies like Infosys and Wipro. TCS, HCL, and Tech Mahindra are internationally acclaimed as well. At present, India is the world's second-largest telecommunication market with a subscriber base of 1.20 billion in the telecom sector. India has as many cell phone users; almost nowhere is the telecom industry accelerating faster. Indian Television industry worth $22.5 billion boasts of more than 400 private television channels.
The subcontinent has made remarkable progress in renewable energy sectors like solar and wind power. Even though it is still a developing country that is evincing rapid development, India's current economic growth has enhanced its reputation on the world's political stage. So, many nations are taking initiatives to foster better relationships with India.
When it comes to defense, Indian Air Force ranks 4th in the list of the strongest Air Forces, 7th in the list of the most powerful navies and 4th in the list of the best armies. Despite being the world's largest importer of weapons, India is gradually becoming a self-reliant player. India is now resolutely and deservingly demanding a seat on the United Nations Security Council, backed by the majority of the countries. It's also a nuclear power that has enlarged its arsenal of warheads. When pushed to the wall during major bilateral events—notably the Doklam standoff and the Galwan incident—India acquired a belligerent approach against China.
This story is from the December 30, 2024 edition of The Daily Guardian.
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This story is from the December 30, 2024 edition of The Daily Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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