Already at Global # 4, India's economy is ripping under Modi like no other economy leading to a jobs boom
Just a few known and many unknown sectors in Modis present term -
IT & ITES 30 million
Health 40 million
Auto 25 million
Retail upto 55 million
Infra
Telecom
Textiles
Defence
Education
Manufacturing
Bank & Finance
Hospitality and Tourism
Food, Farming, Fish, Agriculture
Mining, Metals and Fabrication
So it's raining jobs. Media, Bollywood and Culture alone employ millions. Pharma sector employs millions. Jobs boom in sunrise sectors means massive middle class upward mobility. 100 million new, total 250 million jobs. If each supports 5-7 ppl, thats 1.25 to 1.75 billion ppl. Population is slowing. Massive poverty reduction too.
- India's exports = ~ $ 1/2 - 1/3'rd Trillion/yr.
Remittances approx. $ 100 Billion. FDI $ 25-40 Billion.
Versus infra. deficit where substantial, de-bottle necking is already done, new infra. coming up.
- Point to note, India's infra. roll-out is x10 cheaper and in local Rs. Exports are quoted in $'s US.
Since bricks, labour, cement, re-bar and trucks are at least x10 times that of $ economies, overall exports is a whopping ~ $ 5 Trillion PPP/yr. in value, not the paper value of ~ $ 500 Billion. America's total exports come up to about $ 2.5 Trillion/yr.
~ US $ 2.5 Trillion/yr. Vs. India ~ $ 5 Trillion PPP/yr.
Naysayers go ... Oh, population, ahem China, ... pssst poverty! Wot ?
India's imports are fascinating compared to the US - Oil and gas, digital chips and hold on ... Gold and diamonds! India's imports, specially re. oil and gas, are a cash fountain. The govt. owns the sector, gets the crude on deep discount, and peddles it fwd. pocketing the difference. The money is in refining, the govt. owns probably the largest # of the largest refineries in the free world.
India is making money hand-over-fist in knowledge driven, sunrise industries!