According to the government the ongoing Commonwealth Games is expected to add about $5 billion to the Indian economy and create about 2.5 million jobs in the next few years. It is believed that the 12-day-long games will create a new brand image for India as a global player, helping it strengthen and deepen the business partnership with Commonwealth countries.
Sectors like agriculture, infrastructure, modern technology, manufacturing and services have huge opportunities and potential for the 71-nation Commonwealth grouping.
With the country's economy likely to grow by over 10 per cent in the next few decades, "This is the time to be in India, this is time to invest in India and this is the time to partner India's development saga." Is what the Ministers of state of agriculture and consumer affairs feel.
Interestingly, Two-way trade between India and Commonwealth nations currently stands at about $80 billion, which is expected to grow manifold in the coming years.
Source: Rediff
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