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Striking Parallels and Predictions for India's Economic Growth
The Prime Minister's emphasis on less government and more governance mirrors the structural reforms and focus on ease of doing business in India. Demographically, India is projected to have significant growth in the 40s age group, boosting investments. The emergence of SIPs and EPFs in India resembles the 401k moment in the US. These factors combined could lead to a sustained period of non-inflationary economic expansion in India for the next few decades, similar to the US experience.