Posted 1/29/2024, 9:16:32 AM
India Poised for Robust Growth to Become 3rd Largest Economy in 3 Years Despite Global Headwinds
- Indian economy expected to grow over 7% in coming years and become 3rd largest economy globally in 3 years with $5 tn GDP
- Growth to be driven by domestic demand and measures like infrastructure investment and manufacturing boost
- Global economy struggling to recover post-covid due to successive shocks like supply chain disruptions
- Need to lower logistics costs and invest in quality to expand market share where India has advantage
- Government built infrastructure at unprecedented rate and policies adopted in last decade have economy well-placed to handle challenges