New Avenues Opening In India As The Country Grows

The Indian economy is growing rapidly. It offers profitable opportunities to foreign investors and businessmen. Analysts say that India's year on year growth will double somewhere in 2007 and that the country might grow and develop faster than its competitor country China, for a quarter period. The economic growth is expected to remain strong in 2007, with major contribution by the flourishing investment and consumption. India’s five-year plan, ending 2011-12, proposes to achieve 9% average annual growth. The market research firms are expected to grow by at least 8% in the coming five years. India is developing new sectors for growth—retail, telecom, information technology, biotechnology, automobile and various other sectors. Overseas countries are first taking t View the rest of this article