New Delhi Eyes 8% GDP Growth for Multiple Years – Companies Are ‘Friendshoring’ to India as PM Modi Puts a Kinder Face to Multipolarity
After landing a spacecraft on the moon, India is on a roll, putting the pedal to the metal to solidify its position as one of the locomotives driving the growth of the so-called ‘Global South’.
It now arises that the world’s most populous country wants to attain up to 8% annual GDP growth for several years.
New Delhi is focused on boosting its manufacturing capabilities, as the country offers a kinder face for Western investments, in contrast with its Chinese counterparts.
CNBC reported:
“’Every sector of the economy has seen a significant improvement in the manufacturing processes’, Union Minister for Railways, Communications, Electronics and Information Technology Ashwini Vaishnaw said.
He highlighted that manufacturing in electronics,
