INDIA WILL ONCE again serve as the bellwether for global growth in 2024. With the IMF projecting India’s GDP growth to sustain at 6.3%, even as the world grapples with a slowdown at 2.9%, the country’s business narrative is a contrast to the recession clouds hovering over Europe and other regions.
This optimism is palpable in the actions of both domestic and foreign investors. In 2023, India witnessed a record $2 billion of monthly SIP inflows, coupled with foreign investors infusing $20 billion into Indian equities and turning net buyers of Indian debt for the first time in four years. When I speak with investors abroad, it is evident that participating in India’s growth story has transformed from a ‘nice-to- have’ to a ‘must-have’.
SoftBank has been investing in Indian start-ups since 2013 and we have seen first-hand the country’s transformation driven by infrastructure investments, India Stack, stable governance and a maturing tech ecosystem. Investors who put their faith in the India story have benefitted with handsome returns across multiple deals.
INDIA CURRENTLY HAS 23 IITS AND 31 NITS. IT WOULD BE IN INDIA'S INTERESTS TO FOCUS ON INCREASING THE NUMBER OF HIGH-QUALITY UNIVERSITIES
Looking forward to the next decade, there are ample reasons to be enthusiastic about India’s potential as an economic and cultural superpower. While India is making rapid strides on all fronts, we are particularly excited about three themes that should have a multiplier effect on the Indian growth story.
Establishing more Tier I universities
Esta historia es de la edición February 18, 2024 de Business Today India.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición February 18, 2024 de Business Today India.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
The EV Craze
The country’s growing luxury car market is seeing a shift with environmentally-conscious consumers betting on electric vehicles as a sustainable travel option. Though just 6%, the share of EVs in the luxury segment is rising rapidly
The Storage Boom
Data centres are being built at a frenetic pace in india as companies scramble to meet the ballooning demand from mobile phone users and firms adopting al. Can the country’s energy infrastructure keep up?
India Beckons
Owing to rising incomes in India and overall wealth expansion, luxury brands are wooing the country like never before
The Pearls of The Sea
Caviar, that rare food, is considered the epitome of fine dining. Here is everything that you need to know about it
66.Brand persona should define the core"
I’d say this was a strategic pivot. We had an iconic brand, but had, over time, evolved into diversified lines of businesses that could no longer be represented within the confines of our ‘name’.
Unwind in Style
Here is acomprehensive list of top tech picks that help you unwind by blending perfection in performance with luxury
A Lifelong Affair with Inspiration
In my art journey, the diversity of my acquisitions mirrored the expanding horizons of my understanding of art
Make it Bubbly
Champagne is much more than just a symbol of celebration and success. Know about its nuances beyond the bubbles
Palatial Splendour
Buoyed by renewed demand, sales of the glitzy mansions of the ultra-rich are surging like never before. Real estate majors are looking to capitalise on this by launching luxury offerings in record numbers
Of Beaches and Cream
GianChand Single Malt Whisky