Opportunities in India

In February this year, the “Make in India“ week was a flagship event that was aimed at propelling the Indian economy by forging foreign engagement with Indian industry in the form of partnerships and investments.

During this advertising campaign by the Indian government hundreds of posters placed in strategic locations across the main cities in India featured Frost & Sullivan’s number 1 ranking of India for growth, innovation and leadership, the consulting firm reported.

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India’s Prime Minister Narendra Modi had highlighted the staggering growth rate of the country’s economy (according to the World Bank, +7.5 percent in 2016) and the vast opportunities for foreign direct investments in the region during his visit to the UK in November 2015. According to Frost & Sullivan, the positive outlook on Indian investments had also been backed up by Moody’s recent ratings, the World Economic Forum‘s global competitive index, and the United Nations’ recommendations.

During his visit PM Modi had underlined how foreign direct investment inflows have soared up by 40 percent in India this year, compared to last year, restoring global players’ trust. “India is on the threshold of a big IT revolution,” he was quoted. “We are encouraging it to fast-track the services to our 1.25 billion people. New technology and renewable energy is our new mantra. Whatever we do, we will do in a cleaner and greener way. Energy efficiency, water recycling, waste-to-energy, clean India and river cleaning are among those initiatives. These initiatives provide additional avenues for investment in modern technology and human resources.” A variety of strategic programs have also been launched, such as the ”Make in India” manufacturing initiative, the Digital India and Skills India campaigns and the Start Up India campaign.

Photo: Frost & Sullivan

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