The world’s fifth-biggest economy, India, will rebound in 2022 following a deep contraction due to the coronavirus pandemic, S&P Global Ratings said.
According to the report, growth is expected to pick up 8.5 percent after the GDP’s five-percent contraction in the current fiscal year, which ends in March 2021.
“India’s wide range of structural trends, including healthy demographics and competitive unit labour costs, work in its favour. Economic reforms, if executed well, would support this outcome,” the rating agency said. “With a recovery of this magnitude, India’s 10-year weighted average real GDP per capita growth will likely stay well above the average of its peers.” Click to read more.
The American Chamber of Commerce (AMCHAM) is the world’s largest business federation, with more than three million members globally. The organization is an accredited affiliate of the US Chamber of Commerce in Washington D.C. and its Europe network, which represents the interests of more than 17,000 companies, accounting for more than $1.1 trillion in investment on both sides of the Atlantic. AMCHAM’s Mauritius chapter offers its members regular networking opportunities, access to seminars conducted by Government and private sector experts from both markets on specific needs identified by the membership and, more generally, remains a resource for learning for members and non-members seeking to do business in either Mauritius or the U.S.
VIKASA Mauritius has been privileged to engage and attend AMCHAM gatherings since its launch in October 2018. Since then, VIKASA has participated in several events including the Women’s Economic Empowerment Committee, the Overseas Security Advisory, the Interactive Discussion on Innovation and other engagement opportunities. Notably, being a collaborative partner with AMCHAM has given VIKASA the opportunity to work closely with other partners such as the opportunity to connect with other chapters including the Australian Chamber of Commerce (AustCham) and the South African Chamber of Commerce in Mauritius.