Cornerstone International Provides an Outlook on Executive Search in India

In the midst of considerable turmoil in many emerging markets, Indian growth is expected to remain strong. Though a weak monsoon, flagging external demand, stalled parliamentary action on structural reforms, and external shocks may obstruct the rate of growth, the Indian economy is expected to be on a robust trajectory with stable annual growth rate, rising foreign exchange reserves and relatively stable foreign exchange rate.

The World Bank projects India will grow by a robust 7.5 per cent in 2016 and 7.8 per cent in the next two years compared to 4.8% for developing countries overall. World Bank also predicted that India will be the fastest growing economy in the world in the next three years and would outpace China.

The long-term prospects appear to be equally bright. The consuming class is expected to more than triple to 89 million households by 2025. By 2030, we will have 75 cities with a population of over 1 million people.

To read the full thought leadership piece, please visit http://www.cornerstone-group.com/national-outlooks/india-2016-national-outlook