India Shining?
Show-cased as an annual event, the ”India Economic Summit” of the “World Economic Forum” offers a tremendous networking opportunity for both foreign and Indian businesses, providing a rare encapsulated insight into new products and developments for participants. India’s high growth rate is sustained and force-multiplied by foreign direct investment (FDI), a combination of western entrepreneurs, non-resident Indians (NRIs) and dynamic local industrialists and businessmen taking good advantage of the vastness of India and its teeming population. While the talent and expertise exhibited by both the public and private sector are impressive, the major components of the booming economy include “Information Technology” (IT), and “Outsourcing”. The opening of the aviation sector has initiated another surge, new private airlines adding more and more aircraft as passengers turn for long hauls from trains and buses to the air. With public-private sector investment in roads and highways, multiple number of high-rises are being constructed in many cities and towns, force-multiplying the economic boom.
