Indian GDP figures are out next week, and experts are expecting them to be of a bumper variety. In fact, what’s being said is that the last quarters shown the strongest growth since 2007 and India may hit 8.5%.
Compare that with the 1.2% we’re delighted with or the 1.6% the US is relieved about!
I’m often asked about the comparison with China, but I ask all to remember that India’s built on different lines to the Chinese dragon, the fact that she’s (1) a multi-party democracy, albeit an imperfect one, (2) the growing middle class consumer base, and (3) her demographic profile stands her in good stead for international investors, in the longer term.
More next week on GDP growth and inflation in India.