China's slump makes India more attractive for foreign inflows - News Summed Up

China's slump makes India more attractive for foreign inflows


There's certainly a question mark on the real GDP numbers but I think the nominal GDP numbers give a more credible picture. Even going by the nominal GDP numbers, which now show double-digit growth, India is comfortably generating the best growth in emerging markets. The global perspective on India is, similarly, positive and it is no exaggeration that India is a shining light in the global economy. What will sustain (and) even accelerate GDP growth further is domestic consumption. I think India should aim to replicate China.India has the potential to get around $100 billion in GDP.


Source: Economic Times October 08, 2016 03:56 UTC



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