This article talks about India's incredible recovery from the global recession and its pledge on spending more on health care and education in the coming year.
India's Prime Minister, Dr. Manmohan Singh also promises to make his country more attractive in order to attract an increased amount of foreign investment, in the country's already massive $1.2 trillion economy.
At the recent World Economic Forum, he said India's growth in 2009 stood at 6.5%, and he further predicted that 2010's growth would be at a staggering 7%!
India's move away from recession was summed up in Dr. Singh's words that stated, 'the worst is behind us!'
1 comment:
With increased globalization, any good or bad news in the economies such as India and China affects the economy in the US or any other developed country.
I think it is very important for India to start attracting foreign investments. China's GDP per capita is increasing, which means that their wages are increasing too. India will benefit very much if most of the companies is going to switch their production from China to India.
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