India is expected to lead Growth Globally

Germany -0.5% vs. India +6.3% in annualised real GDP growth over the next 10 years.

India is expected to become the 3rd largest economy globally by 2030. And Germany to stay on a flat trajectory.

In his latest publication “The Great Powers Index: 2024 - How the Leading 24 Countries Are Doing and Their Prospects for the Next 10 Years”, Ray Dalio takes a closer and comprehensive look into the current state of those countries:

▶ Levels of strength:
GDP, share of world trade, education levels, military strength

▶ Levels of health:
Life expectancy, child mortality rates, chronic diseases

▶ Levels of happiness:
Surveyed happiness and satisfaction with life, suicide rates, reported daily enjoyment

▶ Projected economic growth prospects:
Real growth rates

The outcome?

A data-driven outlook on their development over the next 10 years not only for the ambiguity of growth rates, but health, happiness and “soft-power” alike.

India is forecasted to lead growth globally thanks to
▶ Strong investments
▶ Moderate workforce expansion
▶ Low debt levels

The document provides guidance on where the puck is going and I strongly believe India’s momentum will last.

But what does this mean for Germany? Germany strongly participated in global growth paths in the past thanks to its effective allocation of capital and workforce as well as innovations. Why not seeking stronger collaborations to unlock India’s potential?

What is your take?


Source: Ray Dalio
Graphic source: Visual Capitalist

---
♻️ Share and follow for insights on global real estate, sustainability, and market entry. Need support to enter India or want to cooperate? Connect and reach out!

Sources: Great Power Index 2024, Real GDP Growth Projection - Visual Capitalist

Link to original LinkedIn Post.

Cross-post: The Region’s Momentum , India’s and APAC’s Markets Mature

India, Real Estate, APAC, Momentum, Growth, GDP, Economy