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India could become one of the top investors in the global economy

India could become one of the top investors in the global economy

With a population of more than 1.24 billion people, India remains a world power, and the nation could increase its investments in the global economy over the next few decades. According to Reuters, several World Bank officials stated that India is expected to be among the biggest investors in the international economy by 2030. 

If India invests in developing countries, it could noticeably increase its revenue in a short period of time. The news source notes that India could earn around 7 percent for every dollar it invests in these nations, and the additional funds may help Indian residents and those who work in the U.S. and send money back home. 

However, World Bank spokesperson Maurizio Bussolo said that plenty of work lies ahead before a complete global economic recovery can occur. While Indian officials may invest in smaller nations, it could take time for these administrators to see significant profits. 

"In terms of our projections, we see the increased importance of developing countries," Bussolo told the news source. "But behind that, there is a lot of work to do, and very little time."

The Indian economy could expand in 2013
Indian Planning Commission Deputy Chairman Montek Singh Ahluwalia told NDTV that he expects 2013 to be a pivotal year for the Indian economy. Because the nation's officials have taken numerous steps to bolster the country's economy, Ahluwalia stated that India may see a notable revenue increase in the immediate future. 

"Absolutely no doubt that [2013] is going to be a turnaround year," Ahluwalia told the news source. "I think if we do 6 [percent revenue growth] this year, people will be certain that we can do 7 [percent] and 8 [percent] after that."

India's declining inflation rate is one of several signs that the country's economy may be rebounding from the economic downturn of the late 2000s. While the recession negatively affected many countries, India's inflation rate recently fell below 5 percent. Ahluwalia said that this figure could reach 3 or 4 percent as India continues its economic recovery, which may have significant effects on business operators and residents around the country.

Meanwhile, Ahluwalia also recognized that more investors could devote resources to India, especially if the nation shows new signs of economic progress. As the country's fiscal situation improves, investors may find a wealth of opportunities in the country that could quickly deliver substantial rewards. 

Read more from India, Other
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  102. Sep 23 2013

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  113. Sep 25 2013

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