19 September, 2020

Ten Years After

Already one of the world's top growers, India could become the fastest growing economy in the next decacde

Ten Years After
outlookindia.com
-0001-11-30T00:00:00+05:53

There's a country rising out of its slumber. It's called India. And it's poised to be one of world's great economic powers. If you believe this, rest assured that you are not daydreaming. You are just one of the billions inside and outside India who swear by this fact, those who know this is possible soon and are working towards it.

But why is the Elephant God suddenly up and dancing? What exactly has triggered the surge of optimism in the minds of Indians and India-watchers? Why is there such an enormous sweep of feel-goodness in the economy?

Because the next 10 years could belong to India.

And it could begin with a bang. Right now, India is one of the three fastest growing Asian economies. In 2001, it could become the fastest. The Asian Development Bank (ABD) predicts 7 per cent growth for India in 2000 and 2001. This year, India would be overtaken by South Korea, which is expected to clock 7.5 per cent. But next year, Korea's growth will slump to 6 per cent, the same as China's, and India will forge far ahead.

What happens...

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