Developed world looks at India for investment, trade : US report

As the global centre of economic growth moves to Asia, India has captured the attention of developed economies looking for new investment and trade opportunities, says a new report. Noting that recent growth in India has also emanated from a number of under-examined sectors other than information technology (IT) sector, it says, the Indian economy will need to continue to diversify in order to propel its development.And the US will need to pay close attention to all aspects of these changes in order to sustain strong bilateral economic ties, says the report by Wadhwani Chair in US-India Policy Studies at the Centre for Strategic & International Studies (CSIS).Authored by CSIS fellow Persis Khambatta…

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