Many people might be able to recognize one of the biggest world economic depressions in the
year 2008 that was originated from United States of America. The big depression had caused both
direct and indirect effects to many regions around the world, especially in many of the western
countries. As a result, the strength in terms of economic power is shifting across the Pacific Ocean
from the western world to the eastern world. Those countries in Asia who have readiness in terms of
natural resources and large amount of the population would become the owner of great economic
power instead of the western countries. One of those countries is India.
Records from IMF stated that India is a country with continuously growing overall GDP (Gross
Domestic Products). From the year 2005-2009, the average growth of India’s GDP is figured at 7.9
percent. Moreover, the growth was recorded to be 10.4 percent (IMF, 2011) in the year 2010, which
was higher than the world’s superpowers, the USA and the EU where both have only 2.9 and 1.8
percent of growth (IMF, 2011) respectively in the same year.