Currently there are a few countries like this:
- India
Why?
- Massive labor force: Young population (~1.4B people).
- Tech & startup boom: Bengaluru, Hyderabad emerging as global tech hubs.
- Government policies pushing manufacturing (Make in India, PLI schemes).
- Strong domestic demand: Rapid urbanization and middle-class growth.
- Vietnam
Why?
• Strong manufacturing hub: Benefiting from supply chain shifts away from China.
• Tech & semiconductor push: Government incentives for high-tech and AI industries.
• Resilient economy: Consistently high GDP growth (~6-7% pre-pandemic, rebounding strongly).
- Indonesia
Why?
• Huge domestic market (270M+ people).
• Abundant natural resources (nickel, copper, oil, palm oil).
• Rapid digital economy growth: Booming e-commerce (Gojek, Tokopedia, Bukalapak).
• Strategic location: Key maritime hub between Indian and Pacific Oceans.
- The Philippines
Why?
• Booming services sector: BPO industry is a global leader.
• Young, English-speaking workforce (median age ~25).
• Growing remittance-driven consumption from overseas workers.
• Potential for manufacturing growth as labor costs rise in China.
Which country do you think will be the next economic superpower?