ECRI has updated the Indian Long Leading Index (INLLI), which has a good record of anticipating cyclical turns before conventional leading indexes. This includes the March 2011 to September 2012 growth rate cycle downturn that caught many by surprise.
The latest INLLI reading provides insight into the current optimism surrounding India’s economic prospects that stands in contrast to the consensus view on emerging markets in general.
ECRI
Young India is much more bullish demographically than aging China, owing to the one child policy.
But this can work against India if it doesn't develop quickly enough and cannot provide for its growing population — which is why China instituted its one child policy.
But this can work against India if it doesn't develop quickly enough and cannot provide for its growing population — which is why China instituted its one child policy.
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