5% is fake figure..It is probably half than that... Modi and his government has fudged the GDP numbers
Yeah that is why I said less than 5%.
The boom they had since 2000 with IT has been well and truly over for a few years now as they never bothered to build up manufacturing which can provide the jobs for the masses.
They cannot attract large scale FDI in manufacturing as their labour laws are too restrictive and wages too high for skills available and their own companies are not up to the task to create the 100s of millions of jobs required.