An emerging India offers world of opportunities across sectors like infrastructure, pharma, automobiles and education among others. Nearly two decades of economic liberalization, together with robust domestic demand, a huge middle class and a high ROI make India a credible investment destination. India is now one of the world’s fastest developing economies and become a key place for foreign investors. Its economic reforms that were begun in 1991 are showing rich dividends.
India has witnessed a steady increase in global economic ranking resulting in its growing influence in international associations like ASEAN, EU, G-8 and G-20. It has also emerged to figure in ranking of top ten investment destinations since 2007-08.
India’s GDP has grown at around 7.9 per cent during the period 2003 and 2012. IMF predicts that this trend is likely to continue for the next five years with an average Gross Domestic Product or GDP growth rate of 7.7 per cent per annum till 2017. India’s GDP is the 10th largest in the world at present. Consumer spending in India has increased from US$ 549 billion to US$ 1.06 trillion during the period 2006-2011. Over the next 20 years, India’s consumption is predicted to rise 7.3 per cent annually.
It is now a preferred investment destination amongst global investors. It is a strong state with reference to telecommunications, information technology, chemicals, pharmaceuticals, and jewellery. Its steady economic liberalization and participation in the global economy have been the key areas which have made it successful in attracting FDI.