A New Growth Phase

The increased spending on infrastructure and private spending on new-age tech will drive this growth

- SUNIL MATHUR

India’s successful mission to the moon in 2023 is a reflection of its capabilities and aspirations. It is symbolic of the country’s potential and resilience—bouncing back from failures and aiming for higher goals. As the world watched, India demonstrated that its advancement in home-grown technology, engineering prowess, and will to succeed in spite of challenges is second to none.

In a global environment beset with macroeconomic and geopolitical volatility, India remains a shining star and is firmly on a sustained growth path. We have enough reason to believe that it will remain so for the next five to six years and more.

It is the fastest-growing large economy. Per current projections, the GDP could cross $7 trillion by 2030. India’s economy is now the fifth-largest in the world, and it is among the Top 10 for FDI inflows. It is the third-largest host country for greenfield projects. Almost every bit of software written anywhere in the world can trace its roots back to India. Bengaluru is no longer the sole technology hub of India—six other cities and 26 Tier II cities are emerging as technology hubs.