Developing into an open-market economy, India is certainly on a high growth trajectory, which averaged nearly 7% per year from 1997 to 2016. Further, India’s economy, which crossed the trillion-dollar mark in 2007 and expected to become a $5 Trillion economy by 2025, is currently in 3rd position (PPP) after the US and China.
The prospects of India’s long term economic growth can easily be assessed from the following factors that encourage foreign investment:
- The numbers are on your side: 564 million below the age of 20, 600 million growing middle-class, saving rates have tripled in the last 12 years, etc.
- Growth Mindset of Indians: Adaptability, competitive, entrepreneurial, believes in learning, earning and spending.
India is certainly a ‘Land of Opportunities’. Why? Because 1) there are tremendous challenges in India (mainly in areas such as transport and agricultural infrastructure, medical, power generation & distribution, education, healthcare) and solving these challenges means business & economic growth, 2) Availability of skilled manpower, 3) Geographical proximity to markets in South East Asia & Middle East, 4) English is well understood and spoken in India
Lots of opportunities are available for new entrepreneurs