Friday, May 24th, 2013, Time: 10:00 AM
The BRICS Countries: A Global Growth Powerhouse
Monterey Bay International Trade Association (MBITA),
IRVINE AUDITORIUM, 499 Pierce Street, Monterey, California 93940
For more than one decade, India has grown more than six percent per year in terms of real GDP, and productivity is also quite strong. However, there is still much poverty in the country (one quarter of the world’s poor is in India), along with a gender gap and caste system.
In 1991, India began a liberalization strategy and the result of these reforms has reached real GDP growth, export growth, productivity increases, along with increased government borrowing and spending fueling an ever-expanding fiscal deficit.
India is now making an effort to expand its emerging information technology industry while maintaining its industrial sector. Focus has been placed on education, specifically for the high technology sector in order to encourage productivity and foreign direct investment.
Last updated: October 25th, 2022