- Country Economic ProfileIndia is the second most populous country and the world's largest democracy. India is also the world's largest English-speaking country. From 2004 to 2013, India's economy grew at a staggering average annual rate of 7.5% and is now growing faster than China. The country's economy will exceed the size of the UK economy in the next few years and is expected to become the world's third largest economy by the year 2030. The new Indian government is committed to pursuing economic growth and adopting new development assistance to the government, such as “Make in India”, “Digital India”, “Technology India” and “Smart City” and various business-friendly reforms created in the country. A positive business environment. driven by the fast-growing middle class. India is an indispensable destination for International companies who are looking to fuel their next decades of global growth.
By 2030, India will become the third largest economy with a GDP of $15 trillion. According to the actual GDP (purchasing power parity) of the United States, China and Japan, the Indian economy is currently the fourth largest economy in the world. India, once known for its mysterious traditions and frustrating poverty, has gradually got rid of trivial issues that were less pleasing in the past. Now, in the eyes of the world, this country is an emerging economic power. Millions of people have escaped from poor land in a relatively short period of time, and the economic destiny of millions will be better in the next few years. Today, India is the most sort after destination for information technology and outsourcing services As a stable democracy that respects the rule of law, India has become one of the most popular destinations for global investment.
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