India's Place in the World: "Policy Paralysis is the Biggest Impediment to Growth" - 10 June 2013

India's Place in the World: "Policy Paralysis is the Biggest Impediment to Growth" - 10 June 2013

  • 10 June 2013
  • Economy: Emerging Markets

For much of the past decade, emerging markets – Asia being the largest – were the place to be, offering explosive growth compared to the meagre offerings of the developed world. Sustained growth of a number of large emerging economies, especially the BRICS economies (which includes Brazil, Russia, India, China and South Africa) has resulted in an increase in their share in the global GDP. As a consequence, the value addition in the world economy has been moving away from advanced countries towards what have been termed emerging economies. The decline in share is particularly marked in the case of the EU. The shift towards Asia has been significant and, within Asia, away from Japan to India and China

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Industry: 
Banking & Financial Services
Tags: 
India, GDP, world economy

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