Finding out more about South Asia

South Asia, giving more power to the Asiatic Continent

(Map taken from Yahoo)

The southern region of the Asian continent is called South Asia, which is composed by countries like Bangladesh, India, Pakistan, Myanmar, Iran, between others, and all together represents the fifth part of the world’s population, and it is not coincidence; because this region can be considered as the most populous and densest in the world.

In this blog we are just going to focus in two specific countries of the region: Vietnam and India. So let’s start with the first one.

Vietnam is a country that was dominated by two countries: First came the Chinese and then the French and during the last domination, Vietnam had to change it religion from Buddhism to Catholicism.

There was a leader in Vietnam called Ho Chi Minh who was in opposition of the French domination, and also had communist ideologies that made him found the “Vietnam Revolutionary League”.

Several things happened, and all were in favor of the ideology that Ho Chi Minh had, so for him was the opportunity to create a guerrilla called Vietminh which received support from the Soviet Union, in order to take Vietnam, and this was the beginning of the most famous war that the country ever had, where the USA got involved and fail on its effort to fight against the Vietminh.

Now, is time to talk about India, which is a country that has surprised the entire world with the growth that nowadays is presenting.

India was a colony of the UK, and this explains the fact that their main language is the English, but any way, this country counts with a big language diversity due that every community has its own one.

By now, 15% of the world’s population lives in India, where the 65% is located in the rural zones.

India still has women discrimination and this also apply to travelers.

Right now India is gaining a very important place among the leader countries in the world, because it is becoming an expertise in software, services and technology.

Question: Is India going to be affected by today world’s economical crisis?

According to Tiwari “There's no doubt that we are facing the mother of all global recessions. This recession seems as bad as in the beginning of the 1930s. Global trade has collapsed by 15%, global GDP will probably be negative for the first time in our recorded history. So we are talking about a very significant event. However, in this sea of turmoil, India will look better than many other countries, the reason being good management and good luck.

The Indian economy has been more domestic-focused unlike the export-driven economy of China. While exports contribute around 15% to the Indian GDP, the percentage is 35% in case of China.

People were initially thinking that emerging markets would somehow be delinked from this and saved. That's a silly idea because growth in most emerging markets, except India, was driven by exports to developed countries. That's why they're seeing tough times. India's domestic orientation provides some insulation. But being a trader, especially of services, India will be impacted somewhat. Growth would be half that last year, if not lower.”

Special Note:

This Blog was made and design by María Camila Restrepo Zuluaga, Julia María Rodas Jaramillo and María Natalia Suárez Vallejo

References:

1. Daily News and Analysis (India). Economic recovery will start in a year. April 4