have hailed the Asian nation as the next biggest investing opportunity. Even major companies including Apple, Tesla and SpaceX have leaned into the emerging economy as a hub for its supply chains instead of China."India has made more progress in innovation and technology than some may realize," Santanu Sengupta, Goldman Sachs's chief India economist, said."Innovation and increasing worker productivity are going to be important for the world's fifth-biggest economy.
"Driven by favorable demographics, India's savings rate is likely to increase with falling dependency ratios, rising incomes, and deeper financial sector development, which is likely to make the pool of capital available to drive further investment," he said. India's Prime Minister Narendra Modi has been a cheerleader for capital expenditure, recently urging the nation's private sector to boost investment and take advantage of the nation's 2023-24 budget,Lastly, India has the opportunity to turbocharge its GDP by integrating its growing population into the labor force.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
20 stocks set to profit as AI brings more upside: Goldman SachsGoldman Sachs: These are the 20 stocks building AI tech, using it to turbocharge their businesses, and reaping the rewards as the artificial intelligence boom pushes the S&P 500 higher
Source: BusinessInsider - 🏆 729. / 51 Read more »
Woman sneaked into India to be with man she met through a video gameA married woman searched YouTube to find a route into India to be with a lover she met on a popular video game: 'She was not impressed by his work, but by his PUBG skills,' police said
Source: BusinessInsider - 🏆 729. / 51 Read more »