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20
India-EU: Creating Market Alliances
India Outlook
Strong fundamentals and growth rate, propelling the country towards economic prosperity
India is one of the fastest growing economies in the world and is
one of the few countries that have been relatively less impacted by
the global financial meltdown.
India has been achieving around 7.3% GDP growth rate over the
last 4 years and is witnessing an upsurge in economic prosperity.
The growth is driven by robust performance of the manufacturing
sector on the back of government and consumer spending. The
main sectors driving the economy are IT, Infrastructure, and
Pharmaceutical.
India has become one of the most sought after investment
hubs for the world economies. With a robust growth in core
sectors, Business Confidence Index is up 1.5 points, standing at
67.6. The GDP growth is expected to be ~8.2% in 2011.
India's Economic Projection: GDP and CPI, 2007-2010
9.4%
9.3%
6.4%
7.3%
5.4%
5.5%
7.2%
4.9%
2007 2008 2009 2010
GDP Growth
CPI
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