India's compelling success story

India is expected to add more wealth in the next 10 years than it has in the last 50 years!" That statement came out of an HSBC presentation made at a Dubai meeting some months ago to persuade more equity investment into India.

India remains a compelling investment story. So it was no surprise really when the country's main benchmark share index hit a new record last week.

India is already the world's 12th biggest economy and the fourth largest in terms of purchasing power parity. Its GDP grew 8.9 per cent in the first quarter of this fiscal year which ends in March 2007, and has averaged 8.4 per cent in the last three years.

The GDP is poised to grow at least at that pace over the next year or two and possibly accelerate as infrastructure improves around the country.

Source: http://www.gulfnews.com/business/money/10079672.html