In the social context, attention has generally been given to the advantage of Indians’ proficiency in written and spoken English language. However, this inherent strength should be viewed in the backdrop of the linguistic diversity of India which encourages people to learn several languages other than the mother tongue. (There are twenty two national languages as per the Constitution of India.)
First, in terms of economic potential, our annual review led us to conclude that the economy currently has more capacity than we previously thought. As well, this capacity is growing at a faster pace than we expected. This means we have a little more room for economic demand to grow before inflationary pressures start to build.