Speculation Over India’s Economic Growth Rate in 2012

February 3^rd, 2012—Mumbai, India—After being known as the second fastest growing country in the world behind China, India’s economic growth is expected to slow down in 2012 and has given rise to a lot of speculation regarding the exact growth rate of the country in the New Year. While the Finance Ministry is desperately trying to ensure the country grows at about 8 per cent per annum, there are some analysts that believe India would witness a growth rate of less than 7 per cent this year.

According to IndiaCompanySetup.com (www.indiacompanysetup.com), India’s economic growth rate would definitely be affected by the ongoing economic crisis in Europe and other problems in World economy. However, India is still in a much better position and will probably grow at about 7 per cent for the next couple of years. There is still a lot of interest amongst foreign investors in India and several large multinational companies are simply waiting to enter the Indian market. Already with the announcement of allowing 100 per cent foreign direct investment in single brand retail in the country, some of the largest brands from all corners of the globe and planning on their entry into the lucrative Indian retail market. While India remains one of the best markets for investment and the domestic consumption remains high, the biggest problems for the country are all self-inflicted as corruption scandals and slow pace of reforms have contributed to a negative mood in the country. Many investors that were upbeat about investing in India have revisited their plans after a number of corruption cases came up in 2011.

As per IndiaCompanySetup.com, although matching the growth numbers from the past few years would be tough, there is no denying that India would be amongst the fastest growing nations in the world in the next few years and one of the best places to invest globally.

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