India’s Development (Misc.)

By media.desi on Feb 22, 2006 in Business and Economy, Discussions

India is a very youthful nation with 80% of its population under 45 and (this is amazing) 25% of all people 25 and under in the world live in this one country! Its citizens are thrifty with money to spend, with a 28% savings rate to support capital investment. Consumer finance is rapidly becoming available and fueling a 30% annual increase in spending with retail sales totaling $200 billion last year. India’s economy has been chugging along in the 7-8% growth range and it is the only large economy expected to grow faster in the next five years than the last five years.
Read More…on India’s development.