India, the world's strongest economic powerhouse..!?
india, the world's strongest economic powerhouse..!?
india has grown to become a major economic power in the world by efficiently meeting the global challenges as well as the spiritual challenges. A report published by Morgan Stanley in this regard is now extolling the greatness of India. Morgan Stanley Portfolio reveals India's standout performance in the EM market over the past 9 months. india jumped from underweight to equal weight due to secular leadership, emerging market, EPS growth. According to Morgan Stanley's Asia and EM equity strategist Jonathan Garner, AsiaMarkets has been affected by India's economic market growth. He said that the EM market in Asia has been lagging for the last 9 months.
Profit-taking in taiwan after market revaluation has seen it grow as an economic power thanks to several significant decisions, including a cautious move with China. India's young population supports equity inflows. Jonathan Garner said the rupee's increased stability and potential for appreciation have taken india to new heights. In an interview with the Economic Times, Jonathan Garner shed light on India's growth and the challenges facing China. He described China's weak economic recovery and demographic challenges. At the same time, he said that india has grown into a strong economy due to the development of manufacturing and service sectors in india, upgrading of infrastructure, real estate transactions, FDI, and the benefit of a young population.
india and China's GDP per capita cannot measure everything. Garner said economic recovery is key. India's GDP per capita is approximately US$2,50. China's GDP per capita is US$13,000. There are huge differences in GDP per capita between the two countries. India's growth potential is vast. GDP growth, household debt ratio has decreased. But China's growth is facing many problems. Major companies are moving from china to India. Foxconn is already investing thousands of crores of rupees in India. It has already invested in many states of india including Karnataka, tamil Nadu, Gujarat. Foxconn has unveiled plans for a significant investment of $2 billion over five years. The company has announced plans to expand its workforce in india, where 40,000 employees are currently involved in iphone manufacturing. This number of employees is expected to double in the next few years.