India: set to grow faster than China but needs to stimulate internal investment
Over the past seven years, India has quietly added a second trillion dollars to its Gross Domestic Product. Its growth rate is beginning to exceed China’s. To maintain fast expansion, however, India’s political and business leaders need structural reforms to revive the country's investment cycle.
India’s GDP passed the two trillion mark in current US dollars in 2014, according to the World Bank. The most telling aspect of this is the country’s economic expansion: India only reached its first trillion in 2007. The second was added in a mere seven years and most predictions have India passing the third trillion milestone faster still, in just five years.
- Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
- Also considered useful for the administrative university facilities, to better understand the possibe effects of current decisions.