Economy and Army gave new powerful status to India in the world

Economy and army makes a nation strong and powerful. India's rise in world powerful nation rank has surprised many but people who know India for a long, they know that India was in process to improve its economy and Army. India is currently 3.10 trillions economy and 5th largest economy in the world and 4th largest Army in the world after USA, Russia and China. Rise in rank in economy and army gave new powerful status to India in the world.

India is among a few countries in the world who has nuclear weapons and 2nd largest land force Army After China. Under Narendra Modi government now India has adopted Made In India strategy and now working on developing new weapons in India and recently Indian made Fighter Plane Tejas in news across the globe. Recently India bought 36 Rafael Jets from France to make its air force more stronger. Now India is making AURA and AMCA in India. AURA is Drone without human and it i now considering as Mini Bomber look like B2 Lancer of USA and AMCA is being made in India as 5th and half generation Fighter Jet more advance then F-35 of USA.

For economy too Indian PM has taken  a challenge of making India 5 trillions economy till 2024 . Easy of doing business and promoting make in India products is an strategy to promote Indian businesses and making India self dependent in manufacturing field. India is going to be a Manufacturing hub of world and will contribute big way in world economy. 

Fact about Powerful Indian Economy and contribution to World

After Covid 19 pandemic, and recent war between Russia and Ukraine, the world is facing toughest challenge to revive and save economy. Petrol, diesel prices are all time high and inflation is breaking records in the world in 2022. Especially in European countries which are known a developed Nations, Inflation is breaking decades records. Average inflation rate is 7.4 %  in 2022, which was 3-18% in 2022 and 4.35% in 2021.As you can see in this map :

Some Countries are even facing hyper Inflation in 2022.

Country	Inflation Rate	Reference Date
Sudan	260%	Jan 2022
Venezuela	222%	Apr 2022
Lebanon	206%	Apr 2022
Syria	139%	Apr 2022
Zimbabwe	96.4%	Apr 2022
Turkey	69.97%	Apr 2022
Suriname	61.5%	Jan 2022
Argentina	58%	Apr 2022

Now we can understand what kind of situations and challenges world economies are facing now in 2022.  We in India too have inflation but under 8% which is still better if you compare with other economy. 

Why Indian economy is not under pressure of Inflation when world is going through high inflation record breaking spree ?

Indian economy is doing better then other world powerful economies at  this moment. Reason of it lie in advance policy of PM Narendra Modi government policies. 

Make in India helped in reducing burden of  import if not completely but it really helped. Easy doing business policy attracted foreign investors and they invested in Indian economy.

Motivation to Start ups in weapons as well other business: India government encouraged new entrepreneurs to start their own business rather focusing on government jobs.  Start ups helped others to get jobs as well they helped in Indian economy in improvements. From last 2 years India is the third largest start up Unicorn Business Producers after USA and China. Indian start ups also helped army to get latest gadgets and weapons for war made under their intervention. 

Cheap Oil and coal from Russia : After Ukraine and Russia war, When Oil prices gone double up then even after restrictions Indian government decided to purchase oil and coal from Russia at discounted prices and it helped keeping inflation under control.

Long term vision and economic policy : Indian PM has a vision to make India 5 trillions economy till 2024 and since 2014 he has done some major changes like business policies, faster allocation of permissions, and easy loan for new and old entrepreneurs. Though covid 19 hurt the aim but visionary thinking has kept our Indian economy in right track while world economy is very badly affected from increase in oil and coal prices, but India managed it with Russia.

Political stability of Indian government : India from last 8 years has same government in Central Power. Policies are consistent, goal is same and desire to grow still there. Where as around the world and in fact in Asian ocean or near to India many countries are not politically stable and some are going though wars. Pakistan, Sri Lanka, Nepal, Bangladesh are at this moment are completely unstable and investment is falling day by day and recently Azerbaijan and Armenia war, then Russia - Ukraine War and now China - Taiwan war expected but India kept its conflict with China at Minimum with its powerful army  and focused on business and growth policies. As a result Indian economy has now powerful status in world economy and It will continue with fast pace. As expected when world economies Including China falling, Indian economy or GDP growth expected to grow 7.5 -8%  in year 2022-2023. 

How powerful economy helped India building powerful Army when world struggled with Inflation in their economies ?

Before May 2014, Though India army was considered and regarded as one of the most discipline, and strong army. When Narendra Modi became PM of India in 2014, He started focusing on modernization of Indian army.  He bought latest gadgets for army and focused to make then in India under Make in India. India decided to reduce its dependency on Russia for war weapons. India started working on some important and powerful weapons for modernization of Indian army.

Tejas Fighter Jet, Arjun MBT tanks, K-9 Vajra, NETRA plane (Network Traffic Analysis radar plane ) . Agni 4 & 5 series Missiles, new version of Brahmos missiles and New NJ brahmos etc. These weapons gave new confidence and powerful status to Indian army as well India as powerful army Nation. Agniveer Scheme for new recruitment in army for short service commission is also good move