A Decade of Change
It took seventy years to Indian economy to become a $2.4 trillion in size. But right now, it is making good headway and is assessed to undergo an incredible change. Within a decade, it is likely to become the size of $7 trillion, the third largest in the world.
India can rely on its rising consumer segment and its increasing consumption rate that will make it one of the biggest markets of the world. It’s huge population of around 1.2 billion with rising income levels will tend to create it an increasingly important market for consumer goods. There will be a rapid economic growth within the country which will further result in moving more households up on the income ladder.
One of the major leap in consumption demand will be digitization that will boost the growth further. Internet penetration in the country has risen from 8% in 2010 to 25% in 2016. It is further expected to grow to 55% or more by 2025. The digitally influenced spending that accounts to $45 billion-$50 billion a year, will rise more than tenfold to $500 billion to $550 billion.
As per reports, there will be a shift in economic activities which will eventually lead India to become one of the top five equity markets in the world with a market capitalization of $6.1 trillion, and the third-largest listed financial services sector around the globe with a market cap of $1.8 trillion by 2027. Indian economy might be facing some short-term hitches right now, but it will soon recover from it. Government is working on its goal of inclusive and sustainable growth grounded by economic structural transformation and job creation, with an increased focus on infrastructural development.
This festive month, the Investors India October issue will offer you a comprehensive and useful details of child plan. If you are planning to gift your child a career of his choice then, you can take advantage from our Cover story and find out which plan suits you the best. We have also included a story for those who are looking to retire early, and how they can plan their portfolio keeping retirement in mind. Read our exclusive article on NPS which is specifically designed for corporate sector employees. In our Lifestyle section, we have for you a detailed information on the working of Immune System—a fascinating gift of nature.
GST: Freedom from Archaic Laws
Recently, we accomplished the silver jubilee of our economic liberalization. Year 1991 was the year reforms, a year of inception, when we unbridled our economy of restraint.
With GST Bill we are on our way to re-write the fate of prevailing archaic laws. The GST will perhaps be the single most important reform stimulus since 1991-92. If the bill is passed, 2016 will witness transformation in the Indian Economy.
It will help create a unified market, which would enable seamless movement of goods across states and simultaneously boost production. And therefore, put India’s fiscal system on the cutting edge of the world market economies. 2016 will witness transformation in the Indian Economy.
The world is undergoing turbulences, one after another, but India, however, appears to be much better placed. The dependence on domestic markets is the core reason of being safer but reforms in financial sector by the government and large forex reserves provides additional cushion against any internal and external market volatility.
This month, Investors India presents our readers with International Mutual Funds, a way to diversify a part of your portfolio, globally. The Cover Story of the month will reveal the methods you should follow to achieve complete financial freedom by effortlessly meeting your financial goals. Furthermore, you can also make your health better with tips on healthy liver in our section: Lifestyle Planning.
Wishing You Prosperity!