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India Economic Outlook: This Could Spell Trouble in 2016

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  • gardenvulture
    2016-04-24 02:05:08 PM
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    In the midst of a weak global economy and a China stock market crash, India’s economic growth rate has eclipsed all others. The Indian economic outlook for 2016 is bright relative to the global economy, with businesses expressing enormous faith in the leadership of Prime Minister Narendra Modi.Right now, India’s economic outlook for 2016 is ideal. It eclipsed China as the fastest-growing economy in the world, pushing forward at a perilous time in the Middle Kingdom. A gargantuan stock market crash in June has pushed China to the brink of economic collapse, sparking broader fears about global economic growth.
  • Schmidt
    2016-04-25 08:40:18 AM
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    The challenge for India in all its rosy economic forecasts will be to lift many of its impoverished citizens out of poverty and to share in the economic gains.

    Wikipedia: Poverty in India

    "According to United Nation's Millennium Development Goal (MGD) programme 270 millions or 21.9% people out of 1.2 billion of Indians lived below poverty line of $1.25 [per day on purchasing power parity] in 2011-2012"

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