5 reasons why US should expand business in India
Mahi_remunance
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  • Reads 1
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  • Parts 1
  • Time 11m
Mahi_remunance
Ongoing, First published Feb 21, 2024
businesseconomicexpansiongrowthindiaindia-us
"Discover 5 reasons for the US to expand their business in India. Explore growth opportunities in India's thriving market now" 


The Indian economy has flourished over the past decade, with remarkable statistics illustrating its upward trajectory. According to RBI data, Q1 of FY24-25 anticipates a robust GDP growth of 6.7%, emphasizing India's ascent towards its ambitious goal of becoming a US$ 5 trillion economy by FY26-27. Deloitte reports a significant reduction in India's current account deficit (CAD) to 1.9% of GDP in 2023, with projections aiming for further decline this fiscal year. Notably, India's foreign exchange reserves surged to US$568 billion in 2023, boosting its economic growth and elevating bilateral trade with the US to a global strategic partnership.
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