India aims to become a global manufacturing hub with a strong demographic dividend and Modi's economic reforms.
India is actively working to become a global manufacturing hub, according to a report by global financial services firm Lazard titled "Outlook on Emerging Markets". The country's strong demographic dividend, with almost 80% of its population under 50, is expected to drive growth until 2060. During Modi's first two terms, the government has stabilized the macroeconomy, integrated millions into the digital economy and implemented tax and other reforms.
July 28, 2024
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