REASON 01

One of the world's fastest-growing economies

  • For the first time, India has crossed the $70 Bn mark in FY 2019-20 and recorded total FDI inflow of  $73.45 Bn.
    Source: Department of Promotion of Industry and Internal Trade, Govt. of India
  • Hon'ble PM Shri Narendra Modi announced a special economic and comprehensive package of more than $270 Bn - equivalent to 10% of India’s GDP, under the Atmanirbhar Bharat Abhiyan (Self-reliant India). 
    Source: Prime Minister's Office, Ministry of Finance
  • India to remain one of the fastest-growing economies in the world. IMF projects growth of 11.5% for India in 2021.
    Source: International Monetary Fund
Indian to be the third largest economy

REASON 02

Largest youth population in the world

  • The population of India is expected to rise from 121.1 cr to 152.2 cr during 2011-36 an increase of 25.7% in twenty five years.
    Source: National Commission on Population, Ministry of Health & Family Welfare
  • India has its largest ever adolescent and youth population. It will continue to have one of the youngest populations in the world till 2030.
    Source: United Nations Population Fund
  • India has the third-largest group of scientists and technicians in the world.
    Source: All India Management Association, The Boston Consulting Group
  • Ministry of Youth Affairs and Sports signed a Statement of Intent with YuWaah with UNICEF to strengthen resolve to mobilise 1 crore youth volunteers to achieve goals of Atmanirbhar Bharat
    Source: Ministry of Youth Affairs
World's largest youth population

REASON 03

Indian infrastructure story

  • Hon'ble Finance Minister Smt Nirmala Sitharaman announced the National Infrastructure Pipeline first-of-its-kind initiative to provide world-class infrastructure across the country.
    • The NIP will attract investments into infrastructure and will be crucial for attaining the target of becoming a $5 Tn economy by FY 2025.
    • Nearly 7,000 projects across different sectors costing above INR 100 Crore per project and totaling INR 111 Lakh Crore have been identified
    • Sectors such as Energy (24%), Roads (18%), Urban (17%) and Railways (12%) amount to around 71% of the projected infrastructure investments in India. 
      Source: Department of Economic Affairs, Ministry of Finance and India Investment Grid
  • By 2030, it is estimated that around 42% of India’s population would be urbanised from 31% in 2011.
    Source: World Bank
India Infrastructure

REASON 04

Rising global competitiveness

  • India jumps 79 positions from 142nd (2014) to 63rd (2019) in 'World Bank's Ease of Doing Business Ranking 2020'.
    Source: World Bank
  • India ranks 68th on the Global Competitiveness Index 2018-19. 
    Source: World Economic Forum
  • 95% of 1.2 billion Indians are covered under Aadhar Scheme, one of the world’s largest social security program. 
    Source: Press Information Bureau, Government of India
  • Pradhan Mantri Jan Dhan Yojana, a formalization of savings scheme under which 312 mn bank accounts have been opened with savings amounting to $11.6 bn. 
    Source: Ministry of Finance, Government of India
  • Goods and Services Tax (GST), the biggest tax reforms since independence, paves way for a common national market by integrating various indirect taxes.
    Source: Government of India
Global Competitive Index

REASON 05

Global Innovation Index 2020

  • India jumps 4 positions and ranks 48th in the Global Innovation Index 2020 rankings
    Source: World Intellectual Property Organization
  • India ranks #1 in the Central & Southern Asia Region
    Source: World Intellectual Property Organization
  • India ranks 3rd amongst the Lower Middle-Income Economy Group 
    Source: World Intellectual Property Organization
Global Innovation Index 2020

REASON 06

Rising economic influence

  • 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
  • Connectivity to Central Asia and Europe via the International North-South Transport Corridor (INSTC). 
    Source: Press Information Bureau, Government of India
  • In the next five years, India to have greater economic influence across the Asia-Pacific Region. 
    Source: Baker McKenzie & Mergermarket Group
Indian Economy