With its stable democracy, youthful motivated population, world class school system, use of English as primary language, fair legal system, global affluent alumni, favorable government policies and hard-dollar revenues being continuously pumped in by the explosion of global outsourcing, India is poised for extensive growth.
Global "business process outsourcing" and the shift of labor to lower cost population centers as well as falling telecommunication costs and the internet have created new revenue streams which are being pumped into the pockets of a new generation of young, hungry and upwardly mobile employee/consumers; these brand new affluent local consumers are demanding better living conditions and access to the finer things in life. Local basic industries, like retailing, banking and finance, automotive, infrastructure, healthcare, hospitality, media, steel, cement, real estate and consumer electronic goods are all enjoying explosive growth. Many new businesses have sprung up to serve this emerging class of newly affluent people, and they are creating a heavy incremental demand for growth capital.
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