India, a rapidly developing economy on the world stage, is forecasted to evolve into a USD7 trillion economy by 2030. The country's economic position has been reinforced by increasing exports, projected to reach USD2 trillion by 2030 and growing global collaborations. A combination of sustained economic recovery and targeted government initiatives have fostered a business-friendly environment, leading to increased investment in the nation. As we delve into the varied sectors such as agriculture, automobile, technology, financial services and pharmaceuticals, it becomes evident that these industries are exhibiting significant growth potential. With India's GDP for FY25 expected to expand at a rate of 7.0 per cent, the economic outlook is positive.
With this backdrop, we are pleased to release a report on ‘Decoding India's Economic Growth’. The report scrutinises the performance of key sectors and future projections to present a holistic view of India's economic landscape. It presents key economic indicators over time, highlighting the economic health, growth drivers and opportunities within the Indian economy.
The report further highlights major government initiatives such as Gati Shakti, Production Linked Incentive (PLI) and Digital India, aimed at infrastructure development, green growth, financing and reaching the last mile. These initiatives underscore the government's commitment to fostering a conducive business environment and propelling the nation towards a more sustainable and inclusive future. However, monitoring business activity and consumer confidence is critical to understand the business landscape. Higher borrowing costs may affect investment and external demand, leading to a decline in economic growth. Nevertheless, the government is expected to mitigate a steep economic fall by increasing capital expenditure.
