India poised for meteoric economic rise

Nov 15, 2022

New Delhi (India), November 15, 2022 (ANI): The world is looking towards India’s robust market, which is fast recovering from the Covid-19 pandemic. Be it relaxing foreign direct investment (FDI) norms across several sectors or launching the Production Linked Incentive (PLI) Scheme aiming to make Indian manufacturers globally competitive, the Indian government has been the driving force behind India’s economic recovery. Recently, India’s economy overtook the United Kingdom’s in terms of nominal GDP, making it the fifth largest in the world.The Morgan Stanley “Why This is India’s Decade” report further predicts that India will become the world’s third largest economy and stock market before the end of the decade.