With 1.2 billion people and the world ’ s fourth-largest |
have improved . India will soon have the largest and |
economy , India ’ s recent growth and development has been |
youngest workforce the world has ever seen . At the same |
one of the most significant achievements of our times . Over |
time , the country is in the midst of a massive wave of |
the six and half decades since independence , the country |
urbanization as some 10 million people move to towns and |
has brought about a landmark agricultural revolution that |
cities each year in search of jobs and opportunity . It is the |
has transformed the nation from chronic dependence on |
largest rural-urban migration of this century . Massive |
grain imports into a global agricultural powerhouse that is |
investments will be needed to create the jobs , housing , and |
now a net exporter of food . Life expectancy has more than |
infrastructure to meet soaring aspirations and make towns |
doubled , literacy rates have quadrupled , health conditions |
and cities more livable and green . |
Notwithstanding delays in domestic policy reforms , India ' s |
2017 . |
economy is " slowly gaining momentum " and is projected to |
India ' s economy , which accounts for over 70 per cent of |
grow by 7.3 per cent this year . India is expected to achieve |
South Asia ' s GDP , had grown by about 7.2 per cent in |
a 7.5 per cent GDP growth in 2017 and the economic |
2015 . |
prospects of the South Asian region will be " contingent " on the growth trajectory of India . |
Regional GDP growth is expected to accelerate from 6.1 per cent in 2015 to 6.6 this year and 6.8 per cent in 2017 , |
China , which grew at about 6.9 per cent in 2015 , will |
owing to robust private consumption , strengthening |
continue to witness slowdown in growth , with its GDP |
investment demand and gradual progress on domestic |
projected to grow 6.4 per cent in 2016 and 6.5 per cent in |
policy reforms . |