June 26, 2023
1 min read

India a shining star in global economy

These should in turn create unprecedented investment opportunities in the country over the next five to ten years…reports Asian Lite News

With longstanding trends of a solid economic growth, young demographics, urbanisation and the rise of an aspirational middle class, India stands out as one big shining star in the global economy, HSBC said in a report.

New growth drivers like digitalisation, the rapid ascend of India’s start up ecosystem, high tech exports, maturing reforms and the strength of the corporate balance sheets altogether greatly enhance growth prospects and investability of the Indian economy, the report said.

These should in turn create unprecedented investment opportunities in the country over the next five to ten years.

India’s solid macroeconomic fundamentals put it on track to be the global growth engine in the coming decade and beyond.

The country is on track to becoming the world’s third largest economy in the next decade and doubling its economy size to $ 7 trillion.

For centuries, the West has been the epicentre of economic might, wealth and investment opportunities but over the last few years the centre of economic gravity has gradually been shifting to the East.

The world’s biggest democracy’s influence is fortifying its geopolitics, aided by its economic success and its policy of non-alignment. Together these factors make India an important investment destination for the next decade and beyond, the report said.

ALSO READ-Lulu Group all set to enter Telangana 

Previous Story

Lulu Group all set to enter Telangana 

Next Story

India to produce F414 engines for Tejas 

Latest from Business

China Curbs Hit India’s Electronics Boom

The ICEA noted this results in delays, inefficiencies, and higher costs — alternatives from Japan or Korea cost up to four times more than Chinese machinery. India’s transformation into a global electronics

India Maps 8.52 MT Rare Earth Reserves

The Atomic Minerals Directorate for Exploration and Research (AMD) and the Geological Survey of India (GSI) are actively exploring and augmenting rare earth resources, while the GSI alone has added 482.6 million

‘India’s Digital Hub Ascends’

The event also featured discussions on the Quad Partnership for Cable Connectivity and Resilience, reiterating commitments made during the July 1 Quad Foreign Ministers’ Meeting India’s growing role as a key digital

India’s Job Market Surges

With hiring levels on the rise, compensation is expected to increase by 12-15% in metro cities and by 18-22% in emerging cities India’s festive season this year is poised to create more
Go toTop

Don't Miss

EAM calls on Bhutanese King, backs sustainable transformation

The Bhutan King, who is on an official visit to

Sitharaman, Yellen Discuss IMF’s Policy Priorities

The two met on the sidelines of the ongoing IMF-World