India's economic growth rate projections for 2017 and 2018 are exponential. Much has been said about the country of India's economy. During the last quarter, the Indian economy checked in with an impressive 6.1% growth rate. The pundits argue that India's economic growth is slowing. However, the International Monetary Fund (IMF) projects an explosive Gross Domestic Product (GDP) growth rate of 7.2% in 2018, and 7.7% in 2019; this compares to a dismal 1.9% growth rate for the United States GDP during the Socialist's Obama administration.
Though inequality and the caste system exist in the economy, the growth prospects in 2017 and 2018 are impressive; three to four times that of the United States economy! So is India now the land of opportunity? Will the incredible growth rates continue? Will India be a good place to invest? Time will tell.