GE Expects India Sales to Grow 30% Annually

NEW DELHI—General Electric Co. expects to grow its business in India by 30% annually over the next several years as Asia's third-largest economy offers huge opportunities in transportation, nuclear reactors and many other sectors, the chief executive of its local unit said Monday.
"We are huge optimists on India overall," John L. Flannery told The Wall Street Journal in an interview. "The country has incredible depth and breadth and momentum behind it...The government has done a great job in developing markets, while private companies here are phenomenal." More at:http://online.wsj.com/article/SB10001424052748704584504575615963770507630.html?mod=dist_smartbrief