India is on a roll. The nation of 1.1 billion is finally being taken seriously by the big players on the world economic stage, namely the United States and China. With a young population, a solid private sector and a stable democratic government, India is in the spotlight and it's predicted that in 2040 it will have the third largest economy. Granted, there are many problems to address, but economic growth in India has been so impressive since major reforms took hold in the early 1990s that it's unlikely this South Asian tiger's roar will be silenced, or even lowered.
A report in Newsweek magazine in October 2005 cited many grand statistics about one Indian conglomerate in particular. The Tata Group, India's largest firm in market capitalization, was expected to post revenues of U.S. $24 billion in that year. That number is staggering but this year profits are expected to go up even further. The auto industry is also doing very well. Revenues will exceed $10 billion this year. In 2008 General Motors plans to import $1 billion worth of auto components from India.
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