India: An Emerging Economy for the 21st Century
With one of the world’s largest and fastest growing economies, India’s importance as a trading partner for Washington state is often overlooked. The signs of its economic power and potential are clear. India’s GDP was the world’s seventh largest in 2018, putting it ahead of countries such as Italy, Brazil, Canada, Russia, and South Korea. Between 2009 and 2018, India’s economy expanded at an average real rate of 7.5% per year, only slightly below China’s 7.9% average annual growth over the same period.