"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.
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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.
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Indians are Developing Weak Bones
In India, 1 out of 8 males and 1 out of 3 females suffer from osteoporosis, making India one of the largest affected countries in the world.
"The strategy behind the Tata India Innovation Fund centers on identifying companies that are driving transformative or incremental changes through innovation"
Yes, we certainly believe innovation is a powerful theme with immense potential for the coming years, and we are excited to bring it to our investors.
What is Hybrid Mutual Fund?
Hybrid Mutual Fund is a combination of more than one type of fund. While they invest in shares of companies listed on the exchange, like equity funds.
Should you invest in dynamic bond funds?
Dynamic bond funds have delivered a category average return of 8.68 per cent over the past year, making them the fourth best-performing category, following long-duration funds, constant maturity gilt funds, and gilt funds. With interest rate cuts yet to begin, these funds remain a viable option for investors seeking to benefit from possible rate reductions.
The Multicap Solution to India's MultiDimensional Growth
India is entering a transformative era of economic growth, backed by a unique combination of demographic strength, infrastructure development, and rising global prominence.
The Long-Term Benefit of Investing in Children's Future
A child is the most treasured part of any parent's life, and naturally, we want to give them the best of what the world has to offer. This often means not only ensuring we can meet their needs but also nurturing them to pursue their unique aspirations. Each child has their own dreams and challenges, making the early years critical as they lay the foundation for a healthy and fulfilling future.
ASK THE EXPERT
Ques. One of my friends told me that your company provides detailed Retirement plans. I want to know what is the procedure to get my Retirement plan. I will be retiring in March 2025. R.P Gupta, Noida
How to Naturally Reverse Fatty Liver Disease
The liver, located on the upper-right side of the abdomen, is the body’s largest internal organ and plays a critical role in detoxifying the blood and processing nutrients.
Banking sector which has underperformed in the last two years, now offers a favorable risk-reward profile
Do you think the market is overpriced? Is yes, should investors refrain from investing in index schemes at the current valuation?
India will continue to enjoy benefits of a close US relationship and trade will continue to grow
Q1. The US elections are said to be one of the closest till date, what impact will the election of a Republican / Democratic party have on the US economy and how is that going to affect India in the short as well as the long term?
