Emerging Markets are nations whose economies are transitioning or have recently transitioned from heavy state control to economic policies that are more market-oriented. These countries are often very attractive to outside investors. This is the case of India. India celebrated its freedom from the British Empire. Mahatma Gandhi was the father of independence. His economic ideal was a simple India of self-sufficient villages. Pandhit Nehru, the first prime minister, wanted to industrialize and combine British …showed first 75 words of 955 total…

…showed last 75 words of 955 total…high levels of inflation, in this case 30%, reflect an economy in which money does not hold its value for long; workers need higher wages to cover rising costs, therefore may be discouraged to save, and producer may raise their selling prices in order to cover these increases. Inflation by 1999 started to decrease. Now, the Indian software industry has achieved international recognition for its quality in software development and has caught the imagination of the world.