10 Reasons Why to Invest in India?
- As per Goldman Sachs report, by 2050 India is expected to jump from its present 12th position to 3rd rank after China & US & projected GDP would be at 28 trillion dollars
- As per October 2009 report by IMF, India's GDP growth for 2010 is predicted at 7%, next only to China's growth of 9.2% making it the second fastest growing economy in the world.
- As per World Bank report, remittances of Global Indians were $28 billion & in 2009 they remitted approx $43 billion – a clear indication of the faith they have in Indian economy.
- Financial Institutional Investors invested US$ 3.2 billion in 2007, US$ 20.3 billion in 2008 & in 2009 approx US$ 17 billion as they didn't want to miss the India growth story.
- FDI's have invested US$ 25.1 billion in 2007, US$ 46.5 in 2008 & in 2009 FDI invested US$ 10.5 billion from April- July 2009 & continue to invest more.
- India has about 52% of the population in the working age group (15-64) & this advantage is expected to be there for 2050 as well.
- Every year India adds skilled professionals: 1 lakh IT professionals, 7 lakh engineering students, 5 lakh doctors, etc. & by 2010 India is expected to have 300 million English speakers.
- The per capita income has also doubled in the last 7 years & has increased from Rs 18,885 in 2002-03 to Rs 38,084 in 1008-09, thereby providing more economic growth.
- Our savings rate is a very healthy 30-32%, which provides boost to the Indian economy, as more money is available for consumption.
- Various sectors are still undeveloped but have huge potential for FDI: Power, Telecommunications, Ports, Urban Infrastructure, Roads, Healthcare, Retail, and Insurance Industry etc.
Sources:
McKinsey Global Institute, Central Statistical Organization Data, India Brand Equity Foundation (IBEF), Evalueserve.com Pvt. Ltd (Prof. David Crystal), World Bank report, IMF, Goldman Sachs report.
Major Countries
GDP Growth Rates
Source:
IMF Report : World Economic Outlook, July 2010
Major Central Banks
Interest Rates
Source:
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