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It is no secret that India grows quickly each year. This country, with the second highest population globally, possesses a thriving world economy that is on the increase. As India expands in the world market, windows for foreign investment open wider to those who would step inside. Here is why you should look into investing in India.
In March of this year, investment icon Warren Buffett stated he was looking to invest in economic powerhouses like India. Asian Development Bank reports that the equity market in India ranks third in the world. With about US$600 billion in market capitalization, it sits right behind China and Japan as one of the major equity markets in the Asian region. India is expected to boost economic growth by at least nine percent annually within the next ten years. India’s economy offers investors a variety of opportunities. India’s service sector forms fifty percent of its economy. Other industries include pharmaceuticals, energy and consumer goods.
Domestic industry is on the rise in India. Last July, New Delhi opened a 3 billion dollar addition to the Indira Gandhi International Airport. Terminal 3 (T3) took 37 months to complete. Prime Minister Manmohan Singh, who dedicated the new terminal, stated its creation was a global benchmark for India. India’s government has worked to strengthen its country’s infrastructure.
The Bombay Stock Exchange is the fourth largest stock exchange in Asia. It’s also the second oldest in the world, with a history dating back to the 1850′s. With a youthful demographic and a solid work ethic, the global economy will see more from India in years to come.