Thursday, January 25, 2007
India is One of the World's Most Rapidly Growing Economies
India like China has been enjoying rapid economic growth as a result of economic reforms begun in the late 1980s, and that is expected to continue and to accelerate. A recently released report by Goldman Sachs indicates that incomes in India will quadruple between now and 2020--an annual average growth rate of 11 percent! By 2050 India is expected to be the world's second largest economy, ahead of the United States and behind China.
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A most entertaining and informative article, Fran. Just to show you how forcefully globalization works, there are trust funds, here in Chile, which offer you the chance to invest in India, exactly because of what you state in your article, the rapid economic growth of India. Can you imagine more distant countries than Chile and India? However, Chileans are investing in that country and I understand that an FTA is already being prepared (or maybe it was already signed, I´m not completely sure).
Keep posting your articles please, I´ve enjoyed reading them!
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