India’s Growth Story: A Journey of Resilience and Triumph

Here’s a non-political reflection on India's growth, featuring insights on its soaring GDP, stock market boom, infrastructure development, digital revolution, startup ecosystem, and newfound confidence on the global stage. Don't miss out on being part of India's growth story! Start investing today.

May 20, 2024
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6 mins
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India is a vibrant democracy. Anybody that happens to go to New Delhi can see that for themselves’.  - said at the White House in 2023. 

In the past two decades, India has undergone a remarkable transformation, becoming a powerhouse that demands global attention.

Economic Powerhouse

Soaring GDP

India's GDP growth has been nothing short of stellar. Over the past 20 years, the economy has consistently grown at an impressive pace, solidifying its position as the world's fifth-largest.

➡️ GDP → Gross Domestic Product

India's per capita income has doubled in a decade, defying predictions of economic stagnation. 

It has managed to keep inflation under control (below 6%), even amidst global economic turmoil. 

This economic stability is a testament to India's sound policies and its ability to chart its own course as the world's largest democracy.

Stock Market Boom

You can see the Indian stock market boom for yourself. It is now the fifth largest stock market globally, with projections of reaching a market cap of $10 trillion by 2030.

The above chart compares India's growth against Japan, Germany, Canada, UK/Britain and Australia in the last 10 years.

Curious how India has performed w.r.t. the US markets. Here's a graph for you.

The above graph not just compares the Nifty and SPX, it also shows the USDINR currency movement. Even after adjusting for forex, Nifty's performance has been spectacular. 

Take a look at the graphs, India is just topping the charts and soaring high. 📈

The growth hasn’t gone unnoticed and left many global investors in FOMO. The increased interest from global investors solidifies India’s position as an economic powerhouse.

➡️FOMO → Fear Of Missing Out

Infrastructure Boom

But growth isn't limited to the financial markets. Infrastructure development has been phenomenal - the new bridges, highways, railways, airports, etc. 

Airport traffic has doubled compared to the last decade. Vande Bharath trains have significantly reduced the travel time between many destinations. 

All developments resulting in increased connectivity and economic activity.

This infrastructure boom, coupled with initiatives like ‘Make in India’, has attracted record levels of Foreign Direct Investment (FDI), making India a global trade leader.

A Digital Nation

Tech Savvy

India is known for its Tech prowess. And initiatives like the ‘Digital India’ have completely transformed the country’s landscape. 

Internet and mobile penetration have skyrocketed, jumping from a mere 15% to 48% in just nine years.

Financial inclusion has seen a dramatic rise, with millions gaining access to bank accounts linked to their mobile phones through initiatives like UPI.

Transactions have become so easy → UPI system is now being adopted by neighboring countries, Singapore and France.

Startup Revolution

The start-up ecosystem, once nascent, is now a thriving ecosystem nurturing innovation and entrepreneurship.

India emerged as the world's third largest startup ecosystem with -

👉More than 1.25 lakh startups

👉110 unicorns

👉Over 12,000 patents

And, these startups contribute to the employment of more than 12 lakh people.

A More Confident India

From Self-Doubt to the 21st Century’s Global Leader

Gone are the days, where exciting plans were shelved, and decisions were based on external validation. 

Today, a confident India stands tall, offering leadership and inspiration to the world.

🌟India has refused to be drawn into taking sides in global conflicts, instead focusing on fostering good relations with all nations. India aspires to be part of the solution, not the problem.  

🌟The world acknowledges India's soft power, its vibrant culture, masala chai, yoga, and cricket and is dancing to the tunes of Naatu Naatu.

India’s Growth Mantra → Connectivity

India is actively bridging the gap between its urban and rural populations through infrastructure projects, ensuring inclusive growth. 

The focus on infrastructure development acts as a bridge, connecting these two worlds and ensuring that economic development is for all.

Let’s Be Part Of The Growth Story

Is FOMO hitting in?

Well, don’t worry. The growth we are witnessing is just the tip of the iceberg. India still has enormous potential. 

Indian financial markets strongly reflect the growth we are seeing and the best way to participate in it is to Invest in India. 🤑

Invest in the best Indian mutual funds through iNRI.

Investment Button Invest Now

Conclusion

India's story is one of resilience, innovation, and a newfound confidence. From its economic achievements to its global leadership aspirations, India continues to inspire and captivate the world. It is a nation that has defied expectations and emerged as a global leader. 

Investing in India's future has never been more compelling. As we witness its growth and potential, it's clear: if not now, when? Be part of India's success story, start your investments today.

Happy Investing! 🙂

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