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Indian economy per Honeywell

Headwinds
v  The country’s bureaucracy is just stifling.
v  Retail needs to be expanded and made more competitive.
v  Protectionism needs to disappear.
v  Last 20 years, India has grown at 5.5% and per capita GDP now at $1800.
v  India needs to grow per capita GDP at 8% per year to reach China’s level.
v  For the next 20 years, we must grow at 9% to reach the GDP level of China (per capita population).

India’s Advantages
v  Demography
v  Rising income levels
v  Consumer aspirations

India’s challenges
v  Jobs (world-wide issue)
v  Environmental (world-wide issue)
v  Aging population (world-wide issue)

90% of world’s diamonds comes to Surat for cutting and finishing.

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