Over the medium to long term, the Indian economy is expected to grow at a healthy pace. Its steadily growing trade volumes will generate increased demand for logistic services, boosting demand for logistics real estate. Its large domestic market, together with the increasing consumerism trend, will fuel both international trade volumes, but also trade between Indian states.
India, is one of the two key engines of growth underpinning the Asian region’s economic growth, the other engine being China. The Economist Intelligence Unit3 highlights that investment will continue to be the fastest-growing component of GDP. Foreign direct investment will remain relatively buoyant, and local companies will continue to reinvest profits. Government consumption growth will average 9% per year, reflecting the government’s generous spending plans.
3 Economist Intelligence Unit, Country Forecast, India