India is the second fastest growing economy in the world, second only to their Asian neighbor China. Both have embraced globalization yet are racing to secure resources as their economies, populations, markets and environments grow out of control. India has the second largest population with almost 1.5 billion citizens.
My understanding of India’s impact on the global market continues to grow after reading Planet India: How the Fastest Growing Democracy Is Transforming America and the World. Mira Kamdar’s has hilighted both positive and negative (poverty, piracy and global warming) developments in India.
I’m very impressed by India’s innovation in creating the world’s next motion picture industry. Bollywood will not compete with Hollywood in America, it will simply run it over as India’s youth overtakes America. Remember their population is growing and has acquired new-found wealth as a result of globalization. It is a safe bet their children will be interested in watching movies like American teenagers.