India, now the fastest-growing major economy on the planet, is expected to become the world’s third-largest by 2027. But this wasn’t always the case. After independence in 1948, India’s closed markets and notoriously red-taped “License Raj” kept growth and foreign investment at bay until financial reforms were passed in 1991. From thereon, growth has accelerated. Despite a change of hands between the two major parties — the Congress and the BJP — financial and market reforms have continued consistently without any significant rollbacks. Today, PM Narendra Modi continues previously planned policies of privatization and digitization, with an emphasis on export incentives, to keep driving the Indian economy moving forward. The lesson? Consistency is key. We explore the big milestones and hiccups in the last 30 years of Indian economic growth.
More from GZERO Media
Listen: The world is on the brink of one of the most fundamental demographic shifts in modern human history: populations are getting older, and birth rates are plummeting. By 2050, one in six people on Earth will be over 65, which will have a huge impact on the future of work, healthcare, and social security. On the GZERO World Podcast, Ian Bremmer sits down with Jennifer Sciubba, President & CEO of the Population Reference Bureau, to discuss declining fertility, the aging crisis, and why government efforts all over the world to get people to have more babies don’t seem to be working.
There are times in life when it is important to listen to Mike Tyson. For the Democrats, right now is one of those times. Senior Writer Alex Kliment looks at why Dems need to find and support their very own "Joe Rogan"-like superstars.
President-elect Donald Trump’s unconventional picks for a number of important Cabinet positions in his second administration have set him on a collision course with the GOP-led Senate.
While other countries in Europe still import small amounts of Russian LNG under long-term contracts, the EU broadly is looking to import more of the stuff from the growing American market.
At the Asia-Pacific Economic Cooperation forum in Lima, Peru, this week, the specter of Donald Trump’s proposed tariffs is looming large over the proceedings.
Tensions are high at the COP29 climate summit in Baku, Azerbaijan.
Cabinet-building has long been crucial for both the success of a presidency and the direction of the United States. From the presidencies of Abraham Lincoln to Donald Trump, the team often tells the tale of power. Publisher Evan Solomon looks at what Trump’s Cabinet picks are telling us all.
Think you know what's going on around the world? Here's your chance to prove it.