India in the BRICs group

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  • Created by: IIDK
  • Created on: 30-09-19 19:25

India in the BRICs group

Strengths

  • Their economy averaged 7% annual growth and quadrupled between 1997-2015.
  • India is the worlds largest democracy, with 672 million voters
  • It was a founding member of the UN
  • Global Fire Power ranks India as the world's fourth largest military power (due to their weaponry).
  • Bollywood is the world's largest film industry, producing around 1200 films a year.
  • India has the worlds richest biodiversity
  • India has a large and youthful working population.
  • Its major universities have global reputations.
  • India has the world's second largest population.
  • Their culture is popular around the world, which will increase tourists who want to experience their culture.
  • Their military is shown to have many assets like their aircraft carriers.

Weaknesses

  • Manufacturing peaked in 1995 and has slightly lowered since. It had 7% annual growth between 1997-2015 and it peaked at 17% of their GDP in 1995, however it is now only at 14%.
  • Indian infrastructure is poor in water and energy supply, as well as in transport.
  • Power cuts are frequent. One in 2012 affected roughly 620 million people.
  • 20% of Indians live in severe poverty- people may not want to migrate/ move there due to the level of poverty.
  • Bollywood doesn't have the same global reach as Hollywood- they cannot reach the same level of popularity or amounts of money.

Opportunities

  • Large amount of films produced by Bollywood could earn the country large amounts of money, it just needs to reach a wider audience in order to reach the success of Hollywood
  • If they regulated their building codes to a higher level, or produced more housing to fit with the population growth, the amount of slums may reduce.
  • Their military's assets will strengthen their bid to superpower status.
  • Their large population can mean that they have a larger amount of working population which may help to boost their economy.

Threats

  • The government is facing large debt, which led to a reduction in the value of the rupee.
  • Population and economic growth threaten their rich biodiversity
  • India has the world's worst environmental problems with its severe pollution
  • They are the world's third largest emitter of carbon dioxide
  • They have some of the worst slums

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