Despite all the mess and chaos of India, the country’s [India] business is booming. India will outpace China
A bumpier but freer road
Despite all the mess and chaos of India, the country’s business is booming. This will change the world.
India’s GDP is expected to grow by 8.5% this year, and could grow even faster. Chetan Ahya and Tanvee Gupta of Morgan Stanley, an investment bank, predict that India’s growth will start to outpace China’s within three to five years. China will rumble along at 8% rather than double digits; India will rack up successive years of 9-10%. For the next 20-25 years, India will grow faster than any other large country, they expect. Other long-range forecasters paint a similar picture.
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