re: Why did India not have the rich and successful history of other countries in the region?

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India has once again demonstrated that its economic rise is not some distant projection for 2030 or 2040. The economy expanded 7.8% during the first quarter of fiscal 2027, exceeding both market expectations and the Reserve Bank of India’s own forecast. This is occurring while Europe struggles with stagnation, Japan confronts its sovereign debt nightmare, Canada is deteriorating, and geopolitical tensions continue disrupting global trade. India is moving in precisely the opposite direction.

I wrote earlier this year that Indians are actually feeling their economy grow in real time. That distinction is extremely important. Governments can manipulate statistics and economists can proclaim prosperity from behind a desk, but people know whether their lives are improving. India is witnessing the expansion of infrastructure, manufacturing, technology, wages, consumer demand, and an emerging middle class simultaneously.

-Martin Armstrong

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