With a population of 1.1billion, India will become the third largest economy in terms of purchasing power in the next decade. Its progression is very much driven by private business – serving numerous multinationals in the areas of software, IT services and pharmaceuticals.
The Indian economy experienced a GDP growth of 9.0 percent during 2005- 06, and further increasing to 9.4 percent during the period between 2006- 2007. It is projected that India's economy will be about 60% the size of the US economy by 2025.
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- McKinsey's Article & 'China+ India: The Power of Two', Harvard Business Review, December 2007
- VOA news, 'China’s Growth Slows Modestly', Jamila Trindle, 16 April 2008, http://www.voanews.com/english/2008-04-16-voa20.cfm?rss=asia







