India has been on an unabated growth trajectory - supported by a GDP of nearly US$ 11.5 trillion (S$15.9 trillion), India is also the world’s third largest economy after China and the United States, according to 2019 International Monetary Fund estimates. Rising affluence and growing urbanization in India has attracted investors who are keen to tap on India’s elite and affluent households two of the fastest-growing income segments in the country, expected to double to 16% of the population by 2025. The rapid growth of India has not stopped despite the COVID-19 pandemic. Indeed, the authors continue to observe increasing number of investments in tech-related start-ups in India by foreign venture capital funds and institutional investors and also the shift in supply chains with more companies looking to set up their manufacturing plants and factories in India, even in the last 6 months.
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