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1947 Rise ☀️: 339
Will India breakout, the economy of India & more!
1. Will India be the breakout emerging market this decade?
India is known as the market that has confounded optimists and pessimists alike. Could this be its decade to shine?
Pro-business reforms accelerating economic expansion under Prime Minister Narendra Modi.
Aadhaar and GST streamlining processes and boosting lending.
Booming infrastructure development improving connectivity.
Positive changes in the real estate sector with investment opportunities.
Growth potential in banking and non-bank financial sectors.
Expanding equity market, especially in small and mid-cap space.
Young population, technological innovation, and favorable economic conditions driving growth.
Historically strong returns in the market, despite stretched valuations.
2. India to surpass US to become world’s 2nd largest economy by 2075: Goldman Sachs report
India will become the second largest economy in the world by 2075 surpassing not only Japan and Germany but also the US, stated a Goldman Sachs report on Monday.
India will have one of the lowest dependency ratios among large economies over the next 20 years.”So that really is the window for India to get it right in terms of setting up manufacturing capacity, continuing to grow services, continuing the growth of infrastructure
Capital investment will also going to be a significant driver of growth in the future.With falling dependency ratios, rising incomes, and deeper financial sector development, India’s savings rate is expected to rise due to favourable demographics
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