changing economic world - india

• Where is India located geographically?

  Southern Asia, between Burma and Pakistan
• What is India's significance regionally?

  As a rising economic powerhouse and nuclear-armed state
• What percentage of the global economy did India account for in 2022 in PPP terms?

  1. 2%
• What is India's global economic contribution in nominal terms for 2022?

  1. 4%
• What is India's political status in the world?

  World's largest democracy
• When is India's population expected to overtake China's?

  In 2028
• What is notable about India's civilization?

  One of the oldest civilizations with rich cultural heritage
• What is India's population as mentioned in the study material?

  1. 417 billion people
• What is the religious and ethnic diversity in India?

  One of the most diverse nations, mainly Hindu
• What types of environments are found in India?

  Deserts, mountains, forests, swamplands, plains
• What role did the Indian government play in industrial development after the 1980s?

  Encouraged foreign TNCs to set up in India
• What does TNC stand for?

  Transnational corporations
• How did India's industrial sector change after the 1980s?

  Shifted from primary to secondary industries
• What is short-term aid?

  Aid needed after sudden disasters
• What are the advantages of TNCs?

  Pay taxes, improve infrastructure, create jobs
• What is long-term aid?

  Money given for specific projects over time
• What are the disadvantages of TNCs?

  Pollution, poor worker conditions, economic leaks
• What is tied aid?

  Aid given with conditions attached
• What was the impact of the Coca Cola factory in India?

  Used water resources but brought wealth
• What is bilateral aid?

  Money given from one country to another
• What has happened to life expectancy in India over the last thirty years?

  Increased from 58 to 70 years
• What is multilateral aid?

  Money given from more than one country
• What are the strengths and weaknesses of TNCs in India?

  Strengths:

  • Pay taxes
  • Improve infrastructure
  • Create jobs

  
  

  Weaknesses:

  • Pollution
  • Poor worker conditions
  • Economic leaks
• What is charitable aid?

  Aid raised by donations from charities
• What are the environmental impacts of economic development?

  Lack of groundwater, pollution, chemicals in ground
• What are the types of aid provided to India?

  • Short-term aid: After disasters
  • Long-term aid: For specific projects
  • Tied aid: With conditions attached
  • Charitable aid: Raised by donations
  • Bilateral aid: Between two countries
  • Multilateral aid: From multiple countries