The global economy is in the midst of a transformation. Today’s uni-polar economy is expected to become a bi-polar economy with China projected as the largest economy in the world, by 2015. India's economy is likely to be larger than that of Japan, thus taking it to the third place, behind the US and China by 2035.
Gazing into the crystal ball to see the future, experts have predicted that India's economy will overtake Japan's within five years to become the third largest in the world. Its incremental impact on the global economy will exceed that of Japan within 15 years. The Indian economy will equal the US economy in size by 2040. The world will, therefore, become tri-polar by the middle of the century." The tripolar world would be balanced between the two most populous nations -- India and China -- and the United States.
As per these predictions, India is all set to occupy center stage in the 21st. century, thanks to its growing economic power.
But the pathway to the tripolar world is not likely to be a cakewalk for India. For one, the country faces many challenges including ensuring the continuity of economic reforms, working towards better governance, amongst others. More importantly, India needs to think like a winner if it does not want to go the Japanese way, feel experts.
What does the changing world order portend for Indian industry? What are the pitfalls that could derail India’s plans? How can Indian industry help the country move forward? These and other issues will be discussed by a panel of leaders of India Inc. at the forthcoming ET Intelligence Group (ETIG) Knowledge Forum, held in association with Perot Systems India, at Bangalore on 18th April 2007. The entire proceedings and key learnings will be covered in The Economic Times following the event.
Please join us as Mr. Peter Altabef, CEO, Perot Systems India, speaks about the implications of the tripolar world and the new challenges for India Inc., at The Economic Times Knowledge Forum.
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