Indian Economy: Growth -3

[Capt M Kumar]

The changes will be dramatic as the GDP in India will grow at four to five per cent higher than the GDP in the West. By taking into account our saving rate of 35 to 40 per cent and the upward migration of 30 to 40 million into the middle class every year, we may be looking at a middle class market in the excess of 600 million in the next decade. This exceeds the population of the US and the Western world. The sensible and mature view is that in a globalised economy every country benefits from each other. In that sense it is heartening to see the developed world make significant cross investments. India too is making huge investments in acquiring assets abroad.

http://www.dailypioneer.com/229952/Happy...again.html

However, I will like to call it, hopeful days are here again! <img src='http://www.india-forum.com/forums/public/style_emoticons/<#EMO_DIR#>/laugh.gif' class='bbc_emoticon' alt=':lol:' />