As a part of my research on India's macroeconomic factors, I came across an interesting research by Tamara Trinh, senior economist at Deutsche Bank Research. She points out in her presentation presentation India - A study in contrasts, the following contradictions in India's economy. I am really amazed by some of these economists who can see the big picture with so much ease. We even did a strength, weaknesses table with the same points but were never able to present our research as well as Tamara did.
* India’s attractiveness for foreign investors is increasing - but huge investment is needed, especially in infrastructure
* Low workforce participation, especially of women – more labour market reforms are needed
* Qualifications are unevenly distributed and do not always fit - but huge improvements in the quality of workforce is likely to be a major driver of future growth
* GDP growth from 2006 to 2020 is forecast to average 5.5% p.a., greater than China
* At the end of the next decade, India could reach Japan‘s living standard of 1960 or Korea’s of the early 1980s
* Despite many challenges, India is rising
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