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REASON 01

One of the world's fastest-growing economies

  • Total FDI inflows in the country is $1,013.45 Bn (Apr 2000 to Jun 2024) and total FDI equity inflows stands at $695.04 Bn (Apr 2000 to Jun 2024).
    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 witnessed an estimated GDP Growth of 8.2% In 2023-24.
    Source: Ministry of Finance
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 25 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 Cr youth volunteers to achieve goals of Atmanirbhar Bharat.
    Source: Ministry of Youth Affairs
  • By 2030, it is estimated that around 42% of India’s population would be urbanised from 31% in 2011.
    Source: World Bank
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 9,700 projects across different sectors, totalling above $3,093.51 Bn 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
  • An equity infusion of INR 6,000 Cr has been made in the National Investment and Infrastructure Fund (NIIF) Infrastructure Debt Financing Platform to attract debt and equity investments in infrastructure.
    Source: Prime Minister's Office, Ministry of Finance 
  • India Industrial Land Bank (IILB), a GIS-based portal, is a repository of all industrial infrastructure-related information containing approximately 4,000 industrial parks mapped across an area of 5.5 Lakh Ha of land.
    Source: Ministry of Commerce & Industry
India Infrastructure

REASON 04

Rising global competitiveness

  • India ranks 39th on the Global Competitiveness Index 2024. 
    Source: International Institute for Management Development
  • India jumps 6 places to Rank 38 in World Bank’s Logistics Performance Index 2023. 
    Source: World Bank
  • 1.35 Bn 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 529 Mn bank accounts have been opened with savings amounting to INR 2,28,940 Cr. 
    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
Rising global competitiveness

REASON 05

Global Innovation Index 2023

  • India climbs to the 39th rank in the Global Innovation Index; a huge leap of 41 places in 9 years.
    Source: World Intellectual Property Organization
  • India ranks #1 in the Central & Southern Asia Region.
    Source: World Intellectual Property Organization
  • India ranks 1st amongst the Lower Middle-Income Economy Group.
    Source: World Intellectual Property Organization
Why India

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
  • Connectivity to Gulf Region via the India-Middle East-Europe Economic Corridor (IMEC).
    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