The global market changes constantly and by 2013, China will no longer hold the throne of the fastest growing market. China is expected to grow by 9% in 2012 down to 8% in 2015 while India is expected to have growth rate by 9% in 2013 up to 9.5% in 2015.
Much of the growth is expected to come from its demographic since India has one of the lowest median ages among the major economies with high percentage of young working age population which can contribute to the country's growth.
This is coupled to the fact that globalisation permits high opportunities for job placement either inside or outside the country which can increase the domestic savings.
Much of the growth is expected to come from its demographic since India has one of the lowest median ages among the major economies with high percentage of young working age population which can contribute to the country's growth.
This is coupled to the fact that globalisation permits high opportunities for job placement either inside or outside the country which can increase the domestic savings.
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