Why India?

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May 13, 2017
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India Invest


Your Gateway to the fastest growing Economy in the world

 

India’s economy: Are you in the game?

As per the latest data released by IMF [International Monetary Fund] the world at large is expected to grow at 3.5% rate, wherein 75% of this growth is expected to be driven by the emerging economies of the world. India is standing tall and among the fastest growing economies of the world.

Twenty-five years ago, India embarked on a journey of economic liberalization, opening its doors to globalization and market forces. The IMF expects GDP to grow more than 7 percent this year and the years to come, making India the world’s fastest-growing large economy. Powered by a rising middle class that’s expected to more than triple to 89 million households by 2025. India is expected to be the third largest consumer economy as its consumption may triple to US$ 4 trillion by 2025, owing to shift in consumer behaviour and expenditure pattern, according to a Boston Consulting Group (BCG) report; and is estimated to surpass USA to become the second largest economy in terms of purchasing power parity (PPP) by the year 2040, according to a report by PricewaterhouseCoopers. Also, the Prime Minister, Mr. Narendra Modi has stated that India has become the world’s fastest growing large economy, and is expected to grow five-fold by 2040, owing to a series of policy measures.

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