Why India need to grow in faster rate in 2019
As China’s economic growth slowed down so that companies are searching the next fastest economy so invest on and India looks fit for it. IMF estimated that India will be the fastest growing economy this year where Flipcart, Walmart and different other companies like Netflix, Dunkin donuts were trying to invest in India. It is projected that India’s growth will surpass China with a growth of 7.5% this year. Let's discuss the factors affecting India’s growth. India’s population is 1.3B and is projected to grow more and by 2024 it will surpass China’s population. The big population is also very young and it is on a track to reach a high demographic dividend. This condition arises when a country working population is larger than the non-working population. By 2050 India’s working population will reach to more than 1B that in a way reason for India’s large growth where after PM Modi came into play in India it also increase successively. In India’s growth, Modi ha...