China's economy is losing momentum, Brazil is struggling and Russia is being sent into a depression as Putin continues to ignore the sanctions being placed on his country by the United Nations. India on the other hand is surging into the spotlight, as oil prices have recently taken a dip India, who usually struggles due to having to pay massive amounts for foreign oil, has been able to massively grow it's economy. Companies are beginning to invest heavily into India, as Prime Minister Modi is initiating reforms to help the country overcome barriers that had previously restricted significant growth of the nation's economy. Even so India remains a difficult place to do business in, Modi is trying to improve the situation but a split upper parliament house is making it difficult for him to take any real action outside of executive orders.
The sudden surge of India's economy could spell out trouble for the communist Chinese economy. If Prime Minister Modi is able to create an economy that foreign investors will want a part of then eyes may be turned away from China and towards India. If this growth is not just momentary but sustained over long periods of time then India may join China in becoming a top world economy able to rival the United States and one day we may so the world shift to a multipolarity system with the U.S. China and India as the world's great powers.
Michael Johnson
http://www.nytimes.com/2015/02/18/business/as-rivals-falter-indias-economy-is-surging-ahead.html
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