Just wait for India GDP growth last quarter of 2022 and at least another 3 quarters in 2023 to fully assess India economic future. That figures will be crucial.
India dreams to replace China and dreams this decade will be India decade. That calculation will depend on those 4 quarters that I mentioned. Does India current growth is really genuine or is it just due to lower based growth due to Covid 19 economic negative effect? Does the economy is strong enough to dodge current economic condition that make many countries economies become sick ?
If it is genuine, then there is high possibility they will get high growth of FDI and foreign investors buying their bond to finance their large budget deficit to boost their growth. Their dream to reach third biggest economy in the world could possibly be achieved in 2030.
So far for the last 6 years their FDI has become stagnant. I am not as optimistic as many Western economist think about India. Just wait for late February to see the first sign as it is the time many countries have already revealed their Q4 2022 growth number.
Overview of key economic statistics. The statistical themes covered are: International trade, economic trends, foreign direct investment, external financial resources, population and labor force, information economy and maritime transport.
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