The abrdn team discusses India’s demographic tailwinds, its infrastructure needs, whether it can be a ‘friendshoring’ winner, and what a third Modi term could have in store.
Global outperformer India was the fastest-growing major economy in the world in 2023, and in terms of population overhauled China as the most populous country. But against this remarkable growth and looking into 2024, needs remain: Infrastructure, legal reform, a review of the land ownership system, labour laws, the list goes on.
Listen to our latest Macro Bytes podcast, where abrdn’s Paul Diggle (Chief Economist) and Luke Bartholomew (Senior Economist) discuss the near and medium term prospects for the Indian economy with Michael Langham (Emerging Markets Analyst).