4min chapter

Economics Explained cover image

India: The Next Economic Superpower

Economics Explained

CHAPTER

The Importance of Language in the Indian Economy

English is the language of international trade and business. Having 10% of your population being able to speak English is a huge plus for when India fully steps out onto the world stage. Already India has benefited from this by being the world's home of service call centres. The other big consideration is the Indian legal system. To companies having a legal system similar to their western home countries where trade disputes will be settled fairly, business contracts will be honoured could potentially just make India the easier option in the future.

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