Demographics and macro stability were pointed out as key strengths for the country by British brokerage HSBC. India also needs a lot of focus on ease of doing business and related aspects like contract enforcements. Its estimates show India will be a $7 trillion economy in 2028, as compared to less than $6 trillion and $5 trillion for Germany and Japan, respectively. India needs to create an ecosystem of continuous change,” it said. “It [India] needs to broaden its specialisation [beyond just IT in business and cricket in sports] if it wants to run harder and fly higher,” it said.

Source: The Hindu September 17, 2017 07:30 UTC