Theme: India Market – Momentum for Growth in the New Decade
India has over the years established itself as one of the world’s
fastest growing economies and has become a key player in numerous
trade verticals globally. As per a recent report by Goldman Sachs,
the Indian economy will become the second biggest economy in the
world by 2050, next only to China.
One of the key reasons for this growth process has been the
investment by various multinationals in the electronics industry.
Despite the global downturn, the economic fundamentals of India
continue to remain strong and offer growth opportunities due to
its large domestic market and its inherent strengths of an
innovation-friendly culture, a steady stream of talent, advanced
technology infrastructure, a robust legal regime, well balanced
government support and an open business environment that are all
vital to fuel the growth of industry in India. Quite predictably,
With industrial production growing by 10.4 percent as on Oct 2009
signaling a major rebound.
India's favorable demographics are often touted as one of the
major reasons behind the country's growth. Millions of educated
Indians under the age of 30 act as the pistons firing in a
multi-cylinder economic system, which continues to expand at
enviable rates despite the global recession. There's no doubt that
this confers upon India an enormous demographic advantage, that
will continue to fuel growth for decades to come.