India's Economic Momentum and Market Surge Attracts Global Investors As Alternative to China
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India's infrastructure development, digital services, and manufacturing growth under PM Modi has fueled economic momentum and stock market gains, attracting foreign investors.
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India's market value could double to $10 trillion by 2030 as global investors shift funds away from uncertain China. India's weight in emerging market indices has increased.
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India's economy is rebounding post-pandemic with 9.5% projected GDP growth in 2022-23 fiscal year. Optimism driving stock market to record highs.
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Improved infrastructure like expressways and India's digital transformation have enhanced productivity and quality of life. Manufacturing has growth potential.
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India faces challenges like poverty and high valuations but seen as an alternative growth engine to China. Economic juggernaut hard to stop irrespective of China outlook.