Can India Overtake China?
I read it somewhere “Sorry China, but it's time to step aside. By next year, India could be the world's fastest-growing large economy.”
I do not agree with it completely but yes it holds some truth.
Until now, the Indian diaspora has accounted for less than 10 percent of the foreign money flowing to India. With the welcome mat now laid out, direct investment from nonresident Indians is likely to increase. And while the Indian diaspora may not be able to match the Chinese diaspora as “hard” capital goes, Indians abroad have substantially more intellectual capital to contribute, which could prove even more valuable.
This is another article “Indian economy forecast 2015”says a lot about Indian economy. Do you agree?
I do not agree with it completely but yes it holds some truth.
Until now, the Indian diaspora has accounted for less than 10 percent of the foreign money flowing to India. With the welcome mat now laid out, direct investment from nonresident Indians is likely to increase. And while the Indian diaspora may not be able to match the Chinese diaspora as “hard” capital goes, Indians abroad have substantially more intellectual capital to contribute, which could prove even more valuable.
This is another article “Indian economy forecast 2015”says a lot about Indian economy. Do you agree?
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