India as an Emerging Market Essay Example | Topics and Well Written Essays - 2750 words

India as an Emerging Market - Essay Example This essay provides a comprehensive economic analysis of economic position of Indian economy in the world, with evaluation of economic outlook for the economy, based on the results of the research. An emerging market economy can be defined as that market economy which is growing from a small economy towards the level of advanced world economies. All middle and low income countries were previously considered to be emerging on the basis of per capita income; where in low capita income levels indicated poor exports while high per capita income levels reflect strong exports. However, this notion has since changed with time, mainly because emerging markets are not as poor performers. This is because currently emerging markets are said to be the driving force of world economy; it is approximated that 80% of the world economic growth has been as a contribution of emerging markets Emerging markets have become the owners of the majority of the world’s natural resources (minerals, oil); they have also contributed greatly to the rising share of global trade and investment. Ultimately, the companies found in these markets have become leaders globally in almost all sectors (technology, food and beverages). India is so far one of the most compelling targets for investment; it was ranked eleventh in terms of GDP in 2010. GDP being the economic measure of a market reflects that India is doing well as an emerging market.. This growth has been actualized by rising income levels, infrastructure development and a business friendly government.