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India's Emergence as an Economic Giant: Opportunities to Canada

Author

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  • Someshwar Rao

    () (Economic Council of Canada and Industry Canada)

Abstract

India's economy has increased its speed limit a great deal after 1991, because of its steady shift from a command-controlled and inward-looking to a market-driven and outward-oriented economy. Today, it is the 2nd fastest growing major economy in the world. Its real GDP growth rate averaged around 8.0% since 2002. Moreover, like China, India's economy did not experience a significant growth slowdown during the recent global financial crisis and the economic recession as its banking sector and domestic demand has reached to a stronger position. This paper examines India's economic growth with its structural changes. It also explores trade and investment opportunities to Canada.

Suggested Citation

  • Someshwar Rao, 2011. "India's Emergence as an Economic Giant: Opportunities to Canada," Transnational Corporations Review, Ottawa United Learning Academy, vol. 3(3), pages 124-134, September.
  • Handle: RePEc:oul:tncr09:v:3:y:2011:i:3:p:124-134
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