Is India an emerging economy? (HD)

Checkout my websites: 1) The Floating School: http://thefloatingschool.com/ 2) The Astute Investor: http://theastuteinvestor.in/about/ Follow me on Quora Digest: https://www.quora.com/profile/Aditya-Jaiswal-58 Share the video: https://youtu.be/m9FUEYy5LA8 Subscribe to my channel: https://www.youtube.com/channel/UCKOKTFKpt9v0_1vXdZZjs9w/featured About this video: In 2003, Goldman Sachs released a report claiming that by 2050, the BRIC (Brazil, Russia, India and China) could grow to be collectively larger than the G-6 economies (U.S., U.K., Japan, Germany, France and Italy). Well, looking at the present economic situation, one may call the claim a little but over-ambitious, especially after the crisis in Brazil and Russia. But there is no doubt that India still continues to impress due to its robust economic growth. India’s economic growth accelerated to 7.9 per cent in the first quarter of 2016, confirming India’s status as the world’s fastest expanding large economy and the most dynamic emerging market. The governments both at the union and the state level are carrying out some incremental reforms, inflation has fallen back to reasonable levels, demographics are still positive while many of the European economies face a depopulation bomb. It is no surprise that India is often called as ‘an oasis of growth in the third world desert’. In this lesson, we would first discuss few more features of the Indian economy and then we would answer the question, “Is India an emerging economy?”