New Delhi: India is on track to become a global manufacturing centre, driven by its rapid economic growth and strategic initiatives, according to a report by the global financial services firm Lazard. The report, “Outlook on Emerging Markets,” highlights India’s strong demographic advantage, projecting significant growth until 2060 due to its young and expanding labour force. With nearly 80 per cent of its population under the age of 50 and a rising middle class experiencing real wage growth, India is poised to benefit from a substantial demographic dividend. The report credits the first two terms of PM Modi’s government with succeeding in “stabilising India’s macroeconomy, integrating mil
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