Video Transcript
India is in the early phase of its pursuit for the “Made in India” strategic agenda. This includes increased infrastructure spending, domestic manufacturing, and gross exports. I believe this initiative, together with the country’s ongoing structural reforms, will lead to further growth of its economy and increased foreign direct investment. Consumption remains a strong and structural growth story in India, supported by the reopening of the country and increased income and employment in the urban areas. I expect that going forward, rural consumption may also recover strongly heading into 2023.
Disclosure
January 2023
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