India Will Change the World

India introduces innovative economic models to the world.  Micro-finance, cell phone banking, and affordable, two-thousand-dollar cars all stem from India’s progressive businesses targeting lower income levels.  While China and Brazil provide similar products to US goods, India acknowledges its billion person population, most of whom are poor, and assess their needs.  Indian economic policies concentrate on domestic growth rather than following the Chinese model of rapid industrialization and exportation.  The way India structures its policies heavily encourages entrepreneurship and education, allowing India to create such unprecedented business models.  

India focuses growth initiatives and business templates inward towards its massive lower class.  Tata Group, one of the largest corporations in the region, recently introduced a low income housing plan.  Instead of simply building housing projects targeting renters, India will now offer its poor an opportunity to own condos for as little as seven-thousand-dollars.  By treating low income people as a marketable consumer class, India provides lower classes property ownership and banking capabilities (via micro-loans or cell phone banking).  These initiatives allow and encourage larger demographics to save, invest, and establish credit.  In allocating these to new groups and expanding traditionally middle class privileges, India steers itself toward thriving expansion and wealth accumulation.

India Will Change the World