India named 'second-most powerful nation' in world by economic group
When it comes to competing on the world market, India is the second-most powerful nation, a group that tracks nations' abilities on the economic front has revealed.
The 'world market power' index was issued by the group, the multinational Spanish banking outfit Banco Bilbao Vizcaya Argentaria, as part of its research project on Emerging and Growth-Leading Economies.
According to the Washington Times, China topped the list of can-do nation followed by India, Indonesia, Brazil, Russia, Turkey and Mexico.
The report said that China made it to the top spot as it showed the highest value not only among emerging economies but also when considering all the sample.
It added that China holds the largest share among emerging markets in the sample for nine out of 18 industries, including all manufacturing groups except food - surpassed by Brazil.
(Posted on 08-04-2014)