India strong despite recession threat
Economists are optimistic that India will continue to post strong growth, though GDP figures are expected to drop.
Despite an impending US recession, policy tightening in China, and downward revisions of Japanese growth, Goldman Sachs's economists are confident that IndiaÆs economy will weather the storm, albeit lose momentum.
Higher savings and investment, favourable demographics, rapid urbanisation and productivity gains all remain in place. The economy also has the advantage of weaker global linkages compared to other Asian countries IndiaÆs exports are approximately 17% of GDP compared to a non-Japan Asia average of over 40%, with domestic demand playing...
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