BRIC Nations include Brazil, Russia, India, and China, all developing new markets that are going to change the face of the world for the future. Putting the I in BRIC India has the most potential going forward. They have the ability to become a technological shining star guiding the new way to the future. Why does India have such potential, so much to put it ahead of the rest?
The Indian government led by Prime Minister Manmohan Singh, is in terms of infrastructure striving to create a generation acclimated to the future and ready to change it. India needs focus on developing the ability to become the shining star of the future. This shows in the steadily increasing tech based economy, 2005- 2010 we saw the numbers rise from 17% to a now 31% technological based exports. Getting this number up to 50% like a post WWII Japan had, becoming the technological giant of the early 90’s. They are going to be able to do so because of how much the government will be making now and later. They will be making so much because of outsourcing; India is a very appealing area for such companies that need a cheap but large workforce. Normally under these circumstances, the U.S. government tould take steps to restrict such a flow of jobs out of the country,especially in the depths of a recession in which Americans desperately need jobs. The government has only not taken such steps because it fears India's retribution, as well as the happy occurrence of reverse outsourcing. Companies base themselves in foreign countries and save money by doing business in India. Companies' saving of money lead to lower prices and thus increased sales, to make sales they have to set up shop world wide, such as back in America… Reverse Outsourcing. It lowers prices, creates jobs over time and keeps companies intact. This all plays back into the growth of India as a nation and bringing it towards the technological goals it wants to reach to be the “shining star” of the future.
India prevails as the most prominent prospect among BRIC nations and the US has the ability to help create growth in these areas. President Obama has already created a 15 billion dollar investment plan in India’s technology economy shift. If India can set itself up for reaching Japan like ability the possibilities are limitless, and the future much brighter.
-J. Sullivan
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