My Observations of the Indian Growth Story

Invest in India

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Everywhere I look, from the FT to Linkedin, there appears to be much coverage about the Indian economic story and how the next 20 years will be India’s economically.

Having visited India over 30 times over a 50-year period, I can clearly see things are changing rapidly as it reaches 1.5 billion in population, surpassing China. (As a simple comparison the UK’s population is just 4 % of India’s.)

These are my quick observations from the last 7 days in Delhi.

The list could go on and on. 

Did You Know?

  • India is expected to become the third-largest economy in the world by 2028, behind only the United States and China. (Source: IMF, 2023 World Economic Outlook) 
  • India’s working-age population is expected to grow by 90 million people between 2022 and 2030, making it the largest working-age population in the world. (Source: World Bank, 2023 World Development Report) 
  • India’s digital economy is expected to reach $1 trillion by 2025, up from $250 billion in 2020. (Source: NASSCOM, 2022 Digital India Report) 
  • India’s startup ecosystem is one of the largest and most vibrant in the world, with over 70 unicorns and a total valuation of over $300 billion. (Source: Hurun India Unicorn Index 2023) 
  • India’s foreign direct investment (FDI) inflows reached a record high of $83.6 billion in 2021-22, up 14% from the previous year. (Source: Department for Promotion of Industry and Internal Trade, Government of India) 

But at the heart of the Indian growth story, are its people. The people, make or break a country, but it’s the young people that ultimately drive change.

And there are literally tonnes of smart, young people in India, who will drive this economic story.

As a second-generation Indian, born and brought up in the UK, in a post COVID world I am hugely betting on India and its people. 

I always knew those Hindi lessons my mother gave me as a child would come in handy one day. 

Despite all the positives’, navigating India is no easy task.

Understanding the culture and bureaucracy is key. Get this wrong, it can turn into a costly and frustrating experience.

For those who want to participate in the Indian growth story or find out more, get in touch, our UK and Indian team are here to support you.

To learn more, you can read about many of the reasons to invest in India on our Learning Centre.

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Arun Mehra

With over twenty years of commercial experience and knowledge Arun’s expertise is valued by hundreds of businesses across the UK. His financial acumen and know-how, along with his hands-on commercial expertise have helped clients, large and small, new and established to achieve great things.

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