How Important Is It To Have Finance Courses In These Few Countries? - GAFA


Latest Events

How Important Is It To Have Finance Courses In These Few Countries?

25 August 2018

When we talk of countries which are financially powerful, the foremost name that comes to our mind is the United States. America has been the world’s biggest economy since 1871, albeit being increasingly threatened by booming China. The reason finance courses in India are so important can be explained by the fact that along with the US, China’s growth economically is built around strong finance courses designed for the best minds of the country. The U.S. economy remains the largest in the world in terms of nominal GDP. The United States is an economic superpower that is highly advanced in terms of technology and infrastructure and has abundant natural resources. However, China has metamorphosed itself from a centrally-planned closed economy in the 1970s to a manufacturing and exporting melting point over the years. From an India perspective, finance courses in India leverage such weight as it aspires to match its Asian counterparts. The Chinese economy has already overtaken the U.S. economy in terms of Gross domestic product (GDP), based on another measure known as purchasing power parity (PPP), and is estimated to pip the U.S. steadily in the coming years. Japan, another Asian heavyweight, is not far behind these two super powers. Although the economy had faced downturn in 2008 when it first showed recessionary symptoms, economic growth has been positive, to about 1% in 2016 and further to around 1.2% in 2017 due to proper finance courses sprayed across the country. The necessity, again, to have proper financial courses in India is underlined. Coming to Europe, and Germany is the continent’s largest and strongest economy. Germany’s economy is known for its exports of machinery, vehicles, household equipment, and chemicals. Close on the heels are United Kingdom whose economy is primarily driven by services, as the sector contributes more than 75% of the GDP. After the referendum in June 2016 when voters decided to leave the European Union, economic prospects in the UK have taken a hit and are now in choppy waters. Coming to India, where finance courses in India are on the rise, the country has ranks third in GDP in terms of purchasing power parity at $9.49 trillion. The services sector has gathered steam in recent years and now accounts for 57% of the GDP, while industry contributes 26%. With more finance courses in India, there will hence be more skilled professionals around to up the services sector further. India’s economic strength lies in a limited dependence on exports, high saving rates, favorable demographics, and a rising middle class. India recently overtook China as the fastest growing large economy and is expected to jump up to rank fourth on the list by 2022. Therefore, finance courses are important in shaping up a country’s economy as seen many times before. For India to further grow as an economy, more such courses should be designed. Awareness of the upcoming generation regarding financial developments of the country is of utmost priority.

Popular Posts