India to Double Exports
Submitted by Bill Belew on Friday, 16 June 2006No Comment
$100 billion in annual exports is India’s new target.
Add to that 25 million new jobs within the next 4 years.
These are India’s new economic goals.
India expects its low-cost labor force and expertise in engineering to continue to draw
investment in the country’s manufacturing sector.
India, of course, is known as a services hub. She would like to add to that growth in:
1. Engineering
2. Textiles
3. Drugs (legal)
&
4. Auto Parts
In any event, India will grow and grow and grow…
Do you have plans for business with India?
Why or why not?
I guess that these goals set by India aims to prove that their development would continue for a long time even if gossips are saying the contrary. I wish them luck in achieving these goals.
It is impressive how India is expanding itself beyond manufacturing products (like china does). I wont be surprized if India becomes the next silicon valley. Perhaps then they will become a higher status country with technolgy to rival others and stronger working force with lower unemployment. Now that would be a great thing for India to acheive for its people.
India’s goal seems to coincide with their ambitions for economic growth. I hope that India would be able implement their plans without the issues that this country has in terms of their outsourcing industry.
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