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India’s Emerging Economy: Sector by Sector
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U.S.-India Insight: December 2012
There is broad consensus that the global center of economic growth is moving to Asia, and as a large emerging nation with a growing middle class, India has captured the attention of developed economies looking for new investment and trade opportunities. By some estimates, India’s economy will grow from its current $1.8 trillion GDP to be the world’s third largest in 2030, with a GDP of close to $30 trillion. A recent report by the National Intelligence Council (Global Trends 2030: Alternative Worlds) states that by 2030, “India could be the rising economic powerhouse that China is seen to be today.”