India Economic Development

    • GDP USD 2000 billion, growth rate 6-6.5%
    • Population 1.25 billion, strong workforce
    • A democratic country, an independent judiciary
    • Economic liberalization started in the early ’90s, gradual reduction in customs duties from 75% to 6.5%
    • Large scale infrastructural development
    • Emerging economy, difficult to ignore.
    • The center of gravity is shifting eastwards and India will be one of the motor force in globalization

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