India. The world’s largest democracy.
India. Home to the largest population in the world, and one of its fastest growing economies. Large beyond measure, dynamic and steadily expanding, the Indian economy is characterized by a huge workforce operating in many diverse sectors of opportunity. A nation on the move.
The Indian economy has been propelled by the liberalization policies that have been instrumental in boosting demand as well as trade volume. India has managed to keep its economy growing at a healthy rate even during the global recession. India is where the the world in the 21st century gravitates to.
The massive growth of its middle class has made India Asia’s first major economy driven by domestic consumer consumption. It is also a key ally of the United States both economically and politically, as evidenced by US President Barack Obama’s visit in November 2010.
However, despite averaging an annual growth rate of around 9% in recent years, vast sections of the country’s billion-plus population have seen little benefit from the economic boom. One of the government’s ongoing challenges is to spread both the burden and bounty of India’s fiscal prosperity.
Dharavi. A vast shantytown spread across northern Mumbai, and officially Asia’s largest slum. Some call the slums of Mumbai an pitiful eyesore in the heart of India’s financial capital. But 8 million of the city’s residents call it home.
India’s growth has resulted in a strong demand for commercial and residential land, and real estate prices in Mumbai are higher than in New York or London. Located next to Mumbai international Airport, Dharavi slum is prime real estate. Mumbai-based HDIL is working to rehabilitate slum dwellers into more comfortable and stable housing while reclaiming the land back for commercial development.
The Marahashtra government is confident that Mumbai will be rid of slums by 2015. While slum rehabilitation is not without its critics, it does open up prime real estate areas to investors, create new jobs, and improve the quality of life for the poor. For developers such as HDIL, it is about transforming lives.
Mumbai. The capital of Maharashtra is a sprawling megalopolis, a city that seems to burst with the weight of its own ability to create wealth.
Mumbai alone generates nearly 50 percent of India’s GDP and tax income, and the influx of businessmen into the city has forged a strong demand for short-term accommodation.
South Mumbai is the city’s historic heart, but Mumbai’s geography is rapidly expanding along with its businesses.
India has mastered the art of luxury and service for millenia, and this is reflected in its variety of five-star hotels that cater to every business traveler’s need.
Incredible. There’s no other word that convincingly captures the wonder that is India. The world’s most multidimensional country is also a place you’ll never forget. Because travel in India is travel that moves the soul.
India’s importance in globalization is on the rise. Just like its neighbor China, the world’s largest democracy moves swiftly and progressively toward the role currently dominated by the United States, and that is to shape the world.