India Is Slowly Evolving Into a Market Economy
After years of piecemeal reforms, India is introducing bold changes and opening up state-controlled sectors to market competition, promising higher growth prospects in the future.
After years of piecemeal reforms, India is introducing bold changes and opening up state-controlled sectors to market competition, promising higher growth prospects in the future.
India’s relative political stability, decisive action during the COVID-19 pandemic and an appetite for structural reform are attracting long-term investors.
The COVID-19 pandemic has revealed that agriculture could be the unlikely sector that spurs economic growth in India.
Record foreign investment at a time of a shrinking economy lays the foundation for a growth spurt, higher employment and increased domestic demand.
The COVID-19 crisis presents an opportunity to adopt new policies that leverage India’s domestic markets for industrialization, employment and growth.
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