Posted 4/1/2024, 3:22:32 PM
India's Economy Booming as Infrastructure Spending Accelerates, Closing Gap with China
- India's economy growing rapidly (8.4% over last 4 quarters) while doubts remain about China meeting its targets
- India auto sales up 37.3% signaling strong consumer demand
- India budgeting $134B for infrastructure, up 11%, which will spur more growth
- India's developing state means big returns on basic infrastructure spending, as China benefitted from previously
- As India develops, it will close economic gap with China, forcing China to adjust calculations across fronts
