India's Rapid Growth Faces Obstacles as Government Spending Driving Unsustainable Short-Term Boom
- India's economy is growing rapidly, with high GDP growth and stock prices
- However, private sector and foreign investment are not keeping up
- The government is spending big on infrastructure, driving short-term growth
- But this spending may need to reduce soon, which could slow growth
- Sustained 8-9% GDP growth is needed for India to catch up to China's economy