Indian economy set for strong growth, says Volvo CEO

NEW DELHI: Martin Lundstedt, international president and CEO of Volvo Group, says the Indian economic system is poised for a robust growth at the back of urbanisation and the better paintings on roads and infrastructure construction. “We see some core changes that experience taken place in India, that are very encouraging with recognize to our industry.


GST has been a big tax reform and as I understand, it may be a game changer in more than one tactics. GST may have a profound affect at the logistics potency in our industry — and efficient logistics along side a just right infrastructure are a pre-requisite for the growth and sustainable construction for our industry.”


Lundstedt said India is now the fastest-growing large economic system in the world and is in a change state. “Despite being in this alternate process, the macro-parameters of the economic system are largely healthy and strong. Backing Indian economic system is its younger aspiring population as well as the continuously expanding center class — which is able to remain a mainstay for the Indian marketplace for fairly sometime to come back.
Indian economy set for strong growth, says Volvo CEO Indian economy set for strong growth, says Volvo CEO Reviewed by kailash soni on October 09, 2018 Rating: 5
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