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India Predicts Bright Future for its Commercial Real Estate

Discussion in 'News' started by Saloni Mehta, Aug 21, 2018.

  1. Saloni Mehta Member

    According to a survey by The Economist, the Indian economy grew at a year-on-year rate of 7.7% for the quarter ended March 2018, making it the fastest growing economy among 40 nations.

    Buoyed by gains in industrial manufacturing, corporate investment and consumer spending by a rising middle class, the World Bank estimates that India’s nominal GDP of $2.597 trillion makes it the sixth largest global economy, just ahead of France’s $2.582 trillion. Assuming a more conservative growth rate of 7%, India’s GDP could double by 2029.

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