5 REASONSTHAT MAKE US OPTIMISTIC ABOUT INDIA’S GROWTH PROSPECTS
With Make in India, the country aims to super charge its manufacturing value chain. By 2025, India's manufacturing sector is expected to hit $1 trillion.
India has seized population demographic crown from China. Bulk of Indians are young — more workers than retirees — and this number is only growing.
It is the 5th largest economy after US, China, Japan, and Germany and will overtake both Japan, Germany to claim 3rd spot in 2027, says IMF.
Centre's policies are positioning India as an attractive 2nd choice for firms trying to trim China exposure.
India is poised to outperform its peers in the long term as lofty valuations ease and investors look to bet on the economy's growth run.
National Infrastructure Pipeline kitty further hiked to Rs 142 lakh cr.
Strong infra spends will continue to boost GDP
Share of high, upper middle-income group to be 50% of total population by 2030
Manufacturing Share To See Uptick In 2025
Merchandise Trade Nos Point To Resilience In Domestic Demand
India aims to meet 50% of energy needs via green route by 2030
Growing Renewable Energy Capacity Underscores Green Commitment
Thrust on ethanol blending affirms energy pivot
India accounted for almost half of the real-time digital transactions that happened in the world. UPI is looking at one billion transactions a day within the next three years and is aiming for two billion transactions a day by 2030.
PM Modi has said the 'Sabka Saath, Sabka Vikas' model can be the guiding principle for the welfare of a world shifting from a 'GDP-centric approach' to a 'human-centric one'.
Speaking on the sidelines of the Moneycontrol Indian Family Business Awards, the Commerce and Industry Minister said the country will be the growth engine of the world.
The company is set to consolidate its position further where rivals falter, both at home and abroad, and by expanding 5G offerings, digital services and customer base.
Watch: In an exclusive interview to Moneycontrol, Tata Power CEO & MD Praveer Sinha said India's power sector will see a lot of foreign capital coming in, either through direct investment or through the financial institutional investors that come over here. He also said that high cost of new energy sources and intermittency of renewable energy remain key challenges in India's energy transition journey.
'The India moment is here, our demographics playing to our advantage', says union minister Rajeev Chandrasekhar in an exclusive conversation with Moneycontrol, explaining why he's so bullish on India. He also reveals what Tim Cook told him is the secret of India's adaption. Watch!
India is a rapidly growing economy. Positive demographics, sizable domestic market and favorable business policies, are among the many factors that make India a desirable location for investors who are looking to tap into the country's growth potential. But, what makes the common man of India optimistic about India's growth? Watch to find out. Moneycontrol is bringing to you a special series to capture India's rising economic might, as it emerges stronger from the pandemic amid a sluggish world economy. https://www.moneycontrol.com/bullish-on-india/
| Index | Price | Change | %Chg |
|---|---|---|---|
| NIFTY 50 | 24196.75 | -34.55 | -0.14 |
| SENSEX | 77988.68 | -122.56 | -0.16 |
| NIFTY BANK | 56086.40 | -215.55 | -0.38 |
| NIFTY IT | 31817.50 | 277.75 | 0.88 |
| NIFTY Auto | 26382.75 | -100.35 | -0.38 |
| Index | Price | Change | %Chg |
|---|---|---|---|
| GIFT NIFTY (Apr 16) | 24,171.00 | 0.00 | 0.00 |
| Dow Jones Futures (Apr 16) | 48,520.25 | 56.53 | 0.12 |
| FTSE (Apr 16) | 10,611.97 | 52.39 | 0.50 |
| DAX (Apr 16) | 24,197.20 | 130.50 | 0.54 |
Amid heightened uncertainties and global headwinds, India stands out for its economic resilience. It is among the fastest growing large economies with a 7.2 percent GDP (gross domestic product) growth in FY23 and 6.5 percent estimated for FY24 (by the RBI). India's GDP growth eclipsed China's in 2021 and 2022 and is likely to do so again in 2023, 2024, and beyond. Beyond earnings growth, there are several structural changes, including reduced reliance on volatile foreign flows, the coming of age of Indian retail investors, and a rising share of stable domestic liquidity, which would keep flows to equities elevated for many more years.
In short, if Indian equities were a stock, it would be an enviable multi-bagger.
