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India Summit, The Economist, India Summit 2016
India has become the world’s fastest-growing big economy, expanding by more than 7.5% in 2015. Encouraged by Prime Minister Narendra Modi’s ambitious talk of structural reforms, investors are flocking to the country in the hope of big profits. Indeed, India has a lot to be optimistic about. By 2025, it will have the world’s largest population of young people, with more than 10m young Indians entering the workforce each year. The country’s middle class, now thought to be around 50m people, should grow to four times that by 2020.
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