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"India is better today and it can only get better",
said Mr Kamal Nath, Minister for Commerce and Industry, addressing a
group of CEOs at a breakfast session organised by the India Brand
Equity Foundation at the World Economic Forum Annual Meet in Davos
last week.
Moving up its improvement chart, India is now set
to become the second largest economy in the world, ahead of the US,
by 2050, says to a Goldman Sachs report. The study scaled up its
estimates of India's prospects in its October 2003 paper known as
the BRICs report.
The original report had projected that
India's GDP would surpass Japan's by 2032 and that in 30 years, it
would be the world's third largest economy after China and the US.
The new report goes one step further by moving India up from No. 3
to No. 2.
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Warm
regards,
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Jayant Bhuyan
CEO, India Brand Equity
Foundation
& Deputy Director General, Confederation of
Indian Industry |
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India to be ahead of US by 2050: Report |
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Productivity
growth will help India sustain over 8 per cent growth until
2020 and become the second largest economy in the world, ahead
of the US, by 2050, Goldman Sachs has said, scaling up
estimates of the country's prospects in its October 2003
research paper widely known as the BRICs report. [More] |
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Feature: Smart Business |
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Sourcing
from India has been an ancient activity. It began with raw
material and now it is raw talent. Enamoured by Indian talent,
multinational companies that began sourcing for the costs,
stayed for the quality and are now investing for innovation.
[More] |
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German companies in India: STEAG encotec |
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STEAG
encotec has recognised India as a key growing market and has
planned significant investment in power infrastructure over
the next 3 years. The company sees its current operations in
India as a means to understand the market, and a necessary
prelude to taking decisions on investing in power plants in
India. [More] |
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Japanese companies in India: YKK Corporation |
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YKK
India, which manufactures a wide range of products such as
zippers and zipper parts, is planning to expand its existing
manufacturing facilities in Haryana, India, with a capital
investment in excess of US$ 60 million in term of 2006-10. [More] |
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