The Most Populous Democracy in the World
Consisting of 28 states and seven union territories, India is the second most populous country in the world and has averaged an annual GDP rate of 5.8% over the past two decades. The roughly 488 million worker labor force is the world’s second largest as of 2011.
India boasts one of the world’s fastest economies. According to a 2011 report, India’s GDP at purchasing power parity could overtake that of the United States by 2045. The Bombay stock exchange is Asia’s oldest.
Real estate represents a very real, ground floor opportunity in India for the right group.
A Service Sector Economy
Fueling the economic growth is the service sector economy, which represents 55.6% of GDP, followed by the industrial sector at 26.3% and agriculture at 18.1%. With seven of the world’s top 15 information technology outsourcing companies based in India, the country is viewed as the second most favorable outsourcing destination after the United States.
Some 431 million Indians have left poverty since 1985 and India’s middle classes are expected to number around 580 million by 2030. Key growth factors include a young and rapidly growing working-age population, rising education and engineering skill levels, and sustained growth due to a rapidly growing middle class.
Find out more about the Republic of India from Bill, including:
- What Keller Williams Worldwide is looking for in a potential country partner
- Why the Keller Williams Realty story so unique
- How to start the process of finding out if you might be a good match
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