Fragomen (October 11, 2016) India: Sleeping EB-5 Giant?
During my first private client trip to India, the people’s friendliness, hospitality, ingenuity, and ambition left a lasting impression upon me. It is no wonder that India, with the world’s second largest population at 1.33 billion, also has one of the fastest growing economies in the world. In 2015, the Indian government reported that the country’s Gross Domestic Product (GDP) grew at an average rate of 7.5%, thereby even surpassing China’s reported 6.9% GDP growth. The International Monetary Fund (IMF) estimates that India’s GDP will continue to grow at the rate of 7.5% over the next two years. As India’s economy expands and creates a larger middle class, many Indian nationals are also looking outward for international economic opportunities.
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