Did you know? By 2030, India is expected to be the third largest economy on the planet, behind the U.S. and China, and could eventually surpass both countries to take the No. 1 spot, according to a report by UK think-tank Centre for Economics Business and Research (CEBR).
At the heart of this progress is Mumbai, a sprawling city and the financial hub of India.
As is the case with many emerging markets, Mumbai has become the driving force behind the country’s present and future growth.
To the East lies Singapore, arguably Asia’s largest financial hub.
Why trade Singapore? The country’s flourishing economic growth is a good place to start.
Singapore’s GDP growth grew by 2.7% in Q1 of 2017, which is better than the official estimate of 2.5%.
The growth in Singapore was largely owing to its huge manufacturing sector.
Whilst the 2017 total GDP forecast remains unchanged, strong growth is still likely to be on the horizon making it an attractive venue for traders.
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