India worth a $775 billion economy has had a really good sprint so far with a 8.4 percent growth in the economy in the three months to June 30th from a year earlier . The fuelling of such nature has been done with the help of Retail and Government spending. India has plans of building the economy even more stronger by concentrating on its infrastructure. The Indian Government is ready to invest on roads, ports, bridges and other such infrastructure and for this purpose there is invitation for overseas investment . This infrastructure building creates demand for steel , cement and electricity in turn giving these industries a lot of boost effecting in a positive way. The consumption level in India is high so therefore there is no scarcity in raw materials. Apart from this consumer confidence and consumption for goods and services has risen tremendously due to rise in agriculture production . Indian IT skills especially ,are in more demand in the home country now since many overseas companies see India as cost –effective as wages are a sixth more cost effective than in the US . Therefore , all in all India is developing at a much faster pace than any other country only after China .
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