India Advantage

  

  • India is over US$2.3 trillion economy and is one of the fastest growing economies in the world .
  • International Monetary Fund (IMF) has projected that the Indian economy is forecasted to grow at 7.4 per cent in FY19 and accelerate further in FY20 to 7.8 per cent, consolidating its position as the world’s fastest-growing major economy.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
  • Implementation of the national Goods and Services Tax (GST) has made India one common market, curbed cascading taxes, reduced internal barriers to trade and  increased trade efficiency, thereby contributing towards ease of doing business.
  • Population of 1.31 billion out of which 767 million falls in the age group of 15-64 age group, and also set to become the youngest country with average age of 29 years by 2025 .
  • Considerable Upward mobility among all sections, more 150 million will be added to middle class by 2025 which will create Huge consumer market base of US$ 3.6 trillion by 2020 .
  • India has demonstrable capability to reach near 100% literacy level by 2025 .
  • The sustained development in the services sector and focus on manufacturing led growth has attracted attention of the global investor community .
  • The Central Government and concurrently the State Governments have embarked upon an ambitious reform plan to make India an easier place to do business for the investors, bringing in improved business processes and procedures .
  • FDI liberalization in 87 policy areas across 21 sectors is paying off, as India is now one of the most open economies in the world for FDI. In 2017, India retained its position as the World #1 Greenfield FDI destination.
  • Infrastructure sector is fast evolving as programmes to build infrastructure and connect India are picking up pace such as the Delhi Mumbai Industrial Corridor, Dedicated Freight Corridors, Bharatmala Project, Rashtriya Rajmarg Zila Sanjoyokta Pariyojna etc .
  •  

 
×
×

Please Share your detail.

×