India's Investment Surge: Propelling Growth and Global Ranking! 
Business

India's Investment Surge: Propelling Growth and Global Ranking!

Pratidin Time

India has seen remarkable investment growth over the past decade, with USD 8 trillion poured into various sectors, marking over half of the country's total investment since gaining independence in 1947, as per a report by DSP Asset Managers.

This surge in investment, including expenditures on housing, infrastructure, and private capital, indicates a significant shift. The report suggests that with the government's increasing focus on capital expenditure, this trend is likely to continue over the next five years, bolstered by a recovering economy post the COVID-19 disruption.

Highlighting India's resilience amidst global economic challenges, the report underscores the country's steady economic growth, particularly in contrast to the slowdown experienced by many other economies. India's manufacturing PMI has remained robust, indicating consistent economic output and positive business sentiment. Factors such as a stable rupee, strong current accounts, and healthy inflows have contributed to India's stable macroeconomic outlook.

Moreover, India's stock market has been flourishing, becoming the second-largest equity market in emerging markets, owing to increased corporate profitability and the stellar performance of equity indices. However, the report also cautions that Indian equities are no longer undervalued, signaling a shift in investment dynamics.

India's GDP has significantly climbed the ranks, currently standing as the fifth-largest globally, surpassing the UK in 2022. With a GDP estimated at around USD 3.7 trillion, India continues to exhibit strong growth, with GDP expanding by 8.4 percent in the October-December quarter of the financial year 2023-24.

The International Monetary Fund projects India to maintain its position as the fastest-growing major economy in 2024, with growth projections revised upward to 6.8 percent. Overall, India's economic trajectory remains positive, supported by robust investment and growth prospects.

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