India and America are BFF (best friends forever), and each needs the other more than ever before today, united by powerful mutual interests. India took 63 years to reach $1 trillion GDP, seven years to hit $2 trillion, three years to hit $3 trillion, and is estimated to reach $25 trillion by 2047 (according to PricewaterhouseCoopers), 100 years after Independence.
In 1700, India accounted for over 35% of global GDP, making it the world’s biggest, and by the time of the economic crises in 1991, it was down to almost 1%. Today, it is at around 4%-5% and rising. The United States needs this market desperately, and India needs America’s capital and its technology — military and non-military, both.
By 2030, India will have a working population of one billion, which is more than the entire G-8 population; today, it has Internet coverage almost equal to it. As recently as eight years ago, India’s per capita mobile data consumption was one of the lowest in the world (122nd), and today it is ranked at one, more than that of the U.S. and China combined, which is helping take prosperity to every nook and corner of India.
