India Development News & Foreign Investment Opportunities

Sustain growth at 8-9% for US$10trn economy

Indians inspired by Indian American community

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Indians inspired by Indian American community

 

Indian Embassy in the United States.

India needs to sustain 8-9% per annum economic growth to attain US$10 trillion economy over the next 10 years and US$5 trillion in the next five years, Indian Ambassador to US, Harsh Vardhan Shringla said on 6 April 2019.

A market of 1.3 billion people, with strong consumer-driven domestic demand, India is set to be the fifth largest economy in the world this year, he pointed out at the Detroit Institute of Arts (DIA) which organized “India: Land of a Billion Dreams”.

The Indian economic ranking has improved from 11th to sixth in the last five years at the event which was hosted by DIA and Friends of Asian Arts and Cultures in Detroit, showcasing the art and culture of India.

Highlighting the economic-driving initiatives of the Indian Government, he also said that people in Indian were inspired by the four million Indian American community, their entrepreneurship, hard work and dedication to what they do. fiinews.com

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