1/20/2023 0 Comments Mass effect save editor to import![]() This is expected to correct with rising income levels and increasing affluence. As these extra hands join the workforce, they will contribute to GDP growth as well as add to the country’s consumer base.Īlso, India has one of the lowest penetration of goods and services such as automobiles, white goods, electronic devices and services such as mortgages, credit cards and online travel. India is expected to add 200 million people to its workforce between 20. This is because the country has strong demographics - its 1.4 billion population is not only behind China, but younger (with a median age of 28 years) and growing more rapidly. We maintain a very positive view on India’s long-term structural growth prospects. This universe is getting broader with online and digital businesses starting to get listed. ![]() India’s economy is also incredibly diverse, with a huge number of companies across industries and sectors to discover new opportunities. Today, India is essentially in the position China was in 15 years ago - still developing and growing fast. One of the most obvious reasons to invest in India is the size of its economy and its rate of growth. This perhaps came as a surprise to many investors, as India in particular staged a robust recovery from the pandemic and also benefited from a very strong market for new listings. I f 2020 was the year for China’s markets to outperform, the baton was passed to India and other regional markets in 2021.
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