NFTY - Is India The Next Global Growth Powerhouse?
2024-06-18 07:50:00 ET
Summary
- Gargi Pal Chaudhuri and Tara Iyer from BlackRock uncover the various factors that are driving India's growth and what hurdles may yet lie ahead for investors.
- The IMF forecast for India is to have a growth of about 6.8% in 2024 and about 6.5% in 2025. The world GDP is about 3.25%.
- India's labor force participation of women right now is relatively low compared to many economies, and increasing labor supply of younger women in the workforce will allow it to further harness its demographic dividend and spur future growth.
Episode Description
India has recently become the world's most populous country, overtaking China and is projected to become the world's third-largest global economy by 2027.
Gargi Pal Chaudhuri, Chief Investment and Portfolio Strategist for the Americas at BlackRock and Tara Iyer, Chief US Macro Strategist for the BlackRock Investment Institute join host Oscar Pulido to uncover the various factors that are driving India's growth and what hurdles may yet lie ahead for investors.
Transcript
Oscar Pulido: Welcome to The Bid, where we break down what's happening in the markets and explore the forces changing the economy and finance. I'm Oscar Pulido....
Is India The Next Global Growth Powerhouse?