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Showing posts from October, 2019

How India’s Growing Economy Helping Business Expansion

India is among the fastest-growing economies of the world, which is why many companies plan business expansion in india . As compared to the growth rate of 6.8% for FY19, a recent survey forecasted a growth rate of 7% for FY20. Currently, the prime focus of India is to enable Micro Small and Medium Enterprises (MSMEs) to grow for achieving greater profits and to enhance productivity. As India plans to be an economy of USD 5 trillion by 2024-2025, the sustainable growth rate of 8% is essentially needed.   According to the IMF report, India's contribution to global economic growth is expected to rise to 15.5 per cent and overtake America's share in the next five years. With a growing economy, India is about to create the world’s largest workforce and is estimated that there will be 104.62 million fresh entrants in the market by 2022. According to the predictions made by economic forecasters, the next decade of India’s economy will climb to the third - world’s larg...