The Indian economic miracle and the commercial and cultural-scientific relations with Romania

摘要

In this article, the author explains the use of the phrase 'Indian economic miracle' in relation to the latest economic performance of this country, with particular focus on the formula (model) that turned out to be successful. Its main feature consists in the Indian macro-policymaker's orientation towards the domestic market rather than towards exports, towards consumption rather than investments, towards services and not so much towards industry with specific focus on the 'high-tech' sector. The recent parameters of the Indian economy are also mentioned, based on reliable statistical data and information, followed by an analysis of the regulatory framework, the history (a 66-year-old tradition) and the characteristics of the commercial, cultural and scientific relations with a member state of the European Union Romania. Based on the conducted research and after resorting to various bibliographical resources, the author believes that the Indian government rightfully contemplates the perspective of becoming an economic super-power in the South Asian region, thus being acknowledged by the whole world.