India projected to be global growth leader

India will lead global economic growth over the next decade according to the Centre for International Development at Harvard University (CID).

New analysis and metrics associated with economic complexity has allowed them to project annual growth rates of 6.98% over the next decade. This contrasts to Australia’s projected growth rate of 1.07% and that of the US at 2.58%.

This is best visualised at the cost information website of HowMuch.net as shown below.

final-world-map-economic-growth-2024-5c15
Click to enlarge

According to CID, India imported solid fuels, as used in generation of electricity or steel making, valued in excess of $US18Bn in 2014 (http://atlas.cid.harvard.edu/explore/tree_map/import/ind/all/show/2014/).

ECT’s Managing Director Ashley Moore stated “ECT is positioned well to support key economic growth drivers in India – Power to support growth, and Steel to support infrastructure. Our technologies also support important policy objectives in India – improved resource independence, and ‘Make in India’. We’ve begun our project work in association with our new partners at Neyveli Lignite Corporation and NMDC, and look forward to describing our progress in the near future.”

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