Category: Asia

Mass poverty and high technology – India stands for both, the emerging economy and by far the most important economy in South Asia. In the neighboring states of India, only the big cities (Rangoon, Dhaka, Karachi, Lahore) are industrial locations. Nepal and Sri Lanka are major international tourism destinations.

Today India is one of the largest industrialized countries in the world and, like Pakistan, has developed branches of high technology, for example in the nuclear industry, in rocket construction or in the computer sector. India is also becoming increasingly important as a service location (e.g. software development). The spatial distribution pattern of industry shows a concentration on a few large cities and their surrounding areas (Mumbai, Delhi, Bangalore, Madras, among others). The industrial growth center is the state of Maharashtra with Mumbai (Bombay) as the center. As in Pakistan, the textile industry is traditionally of great importance.

A structural problem in India is the high state share in the economy. State interventions used to be the order of the day. Nothing should be imported that could also be produced in India, foreign influences were deliberately kept away. Economic reforms took place in the early 1990s. Since then, majority holdings of foreign capital have been possible; the Indian market is open. In 2012 the government initiated further liberalization of foreign investments. However, the strong growth has not eliminated the regional development differences and the income gap between the urban middle class and the poor rural population, but rather intensified it; almost every third Indian lives on income below the poverty line. For more information about the continent of Asia, please check neovideogames.com.