Lee Brodie says that India might not compare to China in its Olympic fortunes but the tiger of Asia’s economy certainly rivals China it its ferociousness.
Growing at least 7% annually since 1996 India secret weapon is its workforce. The world's most populous democracy is filled with well-educated professionals who export IT and other technology related services.
However, Inflation over the last 12 months surged 12 percent which, in turn, sent India's stock market down 26 percent.In recent weeks, Indian government officials have lowered gross domestic product growth forecasts. And a $15 billion debt relief package for poor farmers and a pay hike for civil servants have added to budgetary strain.
No comments:
Post a Comment