Kai: What are some of the industries that are really leading this fast growth in India? Electronics is clearly a winner it seems at the moment. Software has been India's strength for a very long time now. And what is India doing to attract big companies like Apple away from China, away from other countries? Because obviously that would be a very big deal if Apple and other large companies were to move more of their production to India.
India’s Prime Minister Narendra Modi is investing billions of dollars to boost manufacturing and attract foreign investment in his rapidly growing country. Modi’s ambitious goal: To propel India to the top ranks of global economic powers, alongside the US and China.
Bloomberg journalists Kai Schultz and Vrishti Beniwal join this episode to explain how he intends to do that–and the tall challenges he’ll face along the way. And Milan Vaishnav, director of the South Asia Program at the Carnegie Endowment for International Peace, talks about Modi’s successes, and stumbles, as he navigates India’s complex political and religious cross-currents.
Read more on this story here: https://www.bloomberg.com/news/features/2023-01-23/india-s-1-4-billion-population-could-become-world-economy-s-new-growth-engine?srnd=bigtake
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