The Indian economy is anticipated to grow by about 8% in 2018 and consequently 2019 as it is mainly resistive to external pressures like those from higher oil prices and market’s fragile high risk interactions.
Global prospect for Indian products to be exported overseas is now really positive. The fact is that India has a very high capacity for agricultural products together with technological advanced goods such as high precise engineering goods. Here we see that china is dependent on food imports which is a deficiency compared to India. US is also at trade war with China which this gives India a favorable consistent economic growth for further coming months. Indeed, compared to US, the traditional Indian economy is really dependent on Indian people, something that is reverse in abroad US companies.
If we approximately assume that the Indian share of Asian market is 35% and China’s share is about 50%, it’s clear that with current economic growth China will be defeated by India in 1 to 2 decades. So, the current warming friction of power between China and US will benefit rest of the world to some extends including newly emerged global powers.