According to the latest survey conducted by the Global Development Partnership, India has emerged as the fourth fastest growing economy in the world. This is quite a feat as India had been at the bottom of the list for many years and only after the global economic meltdown and the Global Financial Crisis did it start moving up.
The main reason for this success in India's economy is the strong and stable government that has come into power. With the growth in the economy comes the need for better infrastructure that will enhance the productivity of the workers. The roads, bridges, highways, rail systems and other forms of transport and communication have to be improved as per the needs of the nation.
The state governments are also helping the country with its huge development potential. As per the new GDP growth figures released by the GDP Partnership, India has managed to overtake China in the field of industrial output. Now it is not only the western countries that are benefiting from India but also developing countries like China that have been looking to India for assistance.
There is an increasing demand for foreign direct investment (FDI) in India and with the growth of the economy, there is a good demand for educated and trained staff who can help the country grow. According to the recent survey, the number of students studying abroad has increased by around six percent. The higher the degree that you hold, the better your chances of being able to work and make a career in India.
However, even if you have a degree in a reputed university in India, it will not be enough. The Indian Government has made many steps to ensure that the country continues to grow and stay at the top of the global economic scenario. The Indian government is very much aware of the fact that there is a huge need for skilled and educated staff who can help the country achieve its goals of economic growth.
With the recent announcement of the Indian prime minister about his plans to increase the GDP growth rate to a whopping nine percent, it is no wonder that the government is stepping in with all the necessary measures to ensure that India is at the top of the food chain. With the aid of the private sector and FDI from abroad, India can be able to move up the ladder of economic development.
US economy grows faster than expected – BBC News – gdp growth 2016 | gdp growth 2016
Dubai’s GDP growth slowed to 9 | gdp growth 2016
Contributions to GDP growth: third quarter 9, Quarterly – gdp growth 2016 | gdp growth 2016
Economic growth cools in first quarter of 9 MSNBC – gdp growth 2016 | gdp growth 2016
GDP of India: growth rate until 9 Statista – gdp growth 2016 | gdp growth 2016
GDP Growth – Second quarter 9, OECD – OECD – gdp growth 2016 | gdp growth 2016
GDP Growth – First quarter 9, OECD – OECD – gdp growth 2016 | gdp growth 2016
G9 GDP Growth – Fourth quarter of 916, OECD – OECD – gdp growth 2016 | gdp growth 2016
GDP Growth – Fourth quarter of 9, OECD – OECD – gdp growth 2016 | gdp growth 2016
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