Commentary
India is very much a country on the up.
Although the South Asian country gained independence from Britain in 1947, its economy only started to make substantial improvements in the 1990s after a number of economic reforms were introduced. In addition to strengthening the banking sector and modernizing the stock markets, these reforms opened the Indian economy to inordinate amounts of foreign investment.
By 2015, India was home to the most rapidly growing major economy in the world.
By 2075, the Indian economy is expected to outperform the U.S. economy.
Before then, considering current trends in China, with the after-effects of brutal COVID-19 lockdowns still resonating, high rates of unemployment among its youth, and a property bubble that looks ready to burst, one wonders if India could do the once unthinkable and overtake the Chinese economy….