Tuesday 1 December 2009

India: reasons to be cheerful?

A briefing from SimplyBiz (the IFA support company) gives reasons why India may be an economy worth watching in years to come.

The demographics are in favour (half are under 25), the system is entrepreneurial and there is a large class of well-educated people.

The country has not yet adequately developed the infrastructure to support a booming industrial economy, but the government intends to spend $500 billion in the next five years to remedy this - and half a trillion dollars buys a lot more in India.

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