Why India?

If you are in business or investment, this question (why India?) will have been asked before. But the answer is becoming more compelling as the following list shows:

• India to remain one of the fastest growing economies in the world. Source: International Monetary Fund
• FDI inflows increased by 37% since the launch of Make in India initiative. Source: Department of Industrial Policy and Promotion, Government of India
• Leading investors ranked India as the most attractive market. Source: Ernst & Young Emerging Markets Center
• India to have world’s largest youth population by 2020. Source: United Nations Population Fund
• India to be the largest supplier of university graduates in the world by 2020. Source: British Council
• India has the third largest group of scientists and technicians in the world. Source: All India Management Association & The Boston Consulting Group
• Rising affluence is the biggest driver of increasing consumption in India. Source: Boston Consulting Group
• India’s consumer story will be led by its 129 million urban mass consumers. Source: Goldman Sachs Group
• Private consumption will be four times by 2025. Source: McKinsey Global Institute
• Centre of global maritime trade to move from the Pacific to the Indian Ocean Region. India and China will be the largest manufacturing hubs of the world by 2030; Source: Lloyd’s Register Marine & University of Strathclyde, Glasgow
• In next five years, India to have greater economic influence across the Asia Pacific region; Source: Baker McKenzie & Mergermarket Group
• Over the next three decades more than 350 million Indians will move into cities. Source: McKinsey Global Institute
• Over the next two decades more than USD 1.5 trillion investments planned for infrastructure. Source: Press Information Bureau, Government of India
• India registered a record improvement on Ease of Doing Business ranking from 142 to 100 between 2014-2017; Source: World Bank
• India ranks 40th on Global Competitiveness Index (GCI) 2016-17; Source: World Economic Forum
• 95% of 1.2 bn Indians are under Aadhar scheme: One of the world’s Largest Social Security Program; Source: Press Information Bureau, Government of India
• Jan Dhan Yojana: Formalization of Savings: 312 million bank accounts have been opened with savings amounting to USD 11.6 bn; Source: Ministry of Finance, Government of India
• Goods and Services Tax (GST), biggest tax reforms since independence; Source: Government of India

  

Author: Stephen Manallack

Former President, Australia India Business Council, Victoria and Author, You Can Communicate; Riding the Elephant; Soft Skills for a Flat World (published by Tata McGraw-Hill INDIA); Communicating Your Personal Brand. Director, EastWest Academy Pty Ltd and Trainer/Speaker/Mentor in Leadership, Communication and Cross Cultural Communication. Passionate campaigner for closer western relations with India. Stephen Manallack is a specialist on “Doing Business with India” and advisor/trainer on “Cross-Cultural Understanding”. He is a Director of EastWest Academy Pty Ltd which provides strategic advice and counsel regarding business relations with India. A regular speaker in India on leadership and global communication, his most recent speaking tour included a speech to students of the elite Indian university, Amity University, in Noida. He also spoke at a major Federation of Indian Chambers of Commerce and Industry (FICCI) global summit, the PR Consultants Association of India in Delhi, the Symbiosis University in Pune and Cross-Cultural Training for Sundaram Business Services in Chennai. He has visited India on business missions on 10 occasions and led three major trade missions there. He provides cross-cultural training – Asia and the west. View all posts by Stephen Manallack