"India will add more than $400 bn to its GDP every year, a scale that is only surpassed by the US and China,” Morgan Stanley
By the time this century began, India was beginning to blossom as an economy. At that time India was majorly known for its contribution in world economy through its service sector. Services outsourcing to India started in the 1980s and rapidly accelerated in the ‘90s and made contribution to the GDP. In 2000, India’s share in the world GDP was 1.43% which doubled/ increased to 2.86% in 2015.
When the second decade of this century came, and the present government came into power with humungous support of the public, substantial changes happened. The thumping mandate in 2014 and again in 2019 - leading to a stable government with reform-oriented mindset and growth strategies. Policy makers envisioned making India a $5 trillion economy by 2024-25.
India started gaining recognition in most of the sectors thereupon. It has undergone a large structural shift since 2014 due to various reforms and measures like demonetization, implementation of goods and services tax (GST), Ujjwala Yojana, Jan Dhan Yojana, corporate tax cuts; and production-linked schemes to incentivize investment.
Since India had already achieved its share in service export in global market, it is now making collaborative efforts to attract investment and boost manufacturing exports. Many companies withdrew their offices from China after the pandemic and thus, India became one big option for such companies’ opportunity in disguise.
“India remains the most attractive investment destination,” says Nobel Laureate Michael Spence
Denne historien er fra December 2022-utgaven av Investors India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 2022-utgaven av Investors India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Microbiome: The Invisible Ecosystem Within us that Safeguards our Health
Imagine being able to heal yourself and build immunity against major diseases without relying on heavy medication. It sounds fantastic, right? Who wouldn’t want that? The key to achieving this lies in a fascinating area of research—our microbiome.
Gold ETFs: Attractive option for retail investors to take exposure to yellow metal
With the equity market experiencing volatility in August, investors are increasingly seeking to diversify their portfolios.
5 Steps to Achieve Your Financial Goals
From a beach house, a Jaguar, to traveling the world – there are many things in life that we want to accomplish.
The Retail Revolution: How India's Stock Market Got a Makeover by the Common Man
In the annals of India’s financial history, the stock market has long been the playground of the big boys—mutual funds, insurance behemoths, and foreign portfolio investors (FPIs).
Strategies to adopt when the markets are at a high (for new and existing MF investors)
An investor must have a plan in place and, more importantly, stick to it regardless of shifting market conditions.
A Collaboration to keep Health FirstPNUT and IDA come together as One!
You reap what you sow! And if you sow health, you will reap a healthier tomorrow. Following the same lines, Personal Nutrition (PNUT) and Indian Dental Association (IDA) have come together as partners to promote complete health and nutrition for each individual! How things unfolded? Let’s explore.
Making a choice between equity and debt mutual funds for long-term goals
Mutual funds are quickly becoming a preferred investment choice for millennials.
ASK THE EXPERT
From last Financial Year, I have shifted to the new Tax Regime.
Flexi-cap Fund Vs Hybrid Fund
Investors in mutual funds can choose from equity, debt, or hybrid funds, each offering different risk and return profiles. Flexi-cap funds provide diversification across market capitalisations, while hybrid funds balance equity and debt for stable returns.
Neuroplasticity: You Can Teach An 'Old' Brain New Skill
A few decades ago, it was believed that the brain’s structure and functions were entirely dependent on genetics, age, and early childhood experiences.
