India This Decade Podcast - An introduction

Welcome to the India This Decade podcast, an in-depth exploration of one of the world's largest and most exhilarating economies, India. I'm Amaya, your host, and I'll be accompanying you on this captivating journey. Our aim with this podcast series is to provide essential knowledge for investors who are looking to scale up their investments or venture into the Indian economy for the very first time. We hope that by the end of this series, you'll have a much clearer understanding of why India should be a top priority for your future investment considerations. Throughout this podcast, we'll be engaging in conversations with prominent figures in Indian business to learn more about the country's remarkable growth. We'll be delving into the significance of India's trajectory towards becoming the world's third-largest economy by 2027 and beyond. Please be aware that the thoughts and opinions shared by our hosts and guests are their own, and they, their employers, or partners may have stakes in the equities discussed in this podcast. This podcast is intended for informational purposes only and should not be used as the sole basis for making investment decisions. 

In today's episode, let's embark on an exciting journey through the thriving Indian economy, showcasing the myriad opportunities and possibilities that lie ahead. Whether you're a seasoned investor or just starting out, India should undoubtedly be on your investment horizons. Did you know that a recent report by Morgan Stanley suggests that India is on the verge of unprecedented economic growth, driven by three megatrends? These megatrends include global offshoring, digitalization, and energy transition. India is already the fastest-growing economy globally, with an average GDP growth of 5.5% over the past decade. The report forecasts that India will overtake Japan and Germany to become the world's third-largest economy by 2027 and will have the third-largest stock market by 2030. India's GDP could more than double from $3.5 trillion today to surpass $7.5 trillion by 2031. The Bombay Stock Exchange, or BSE, could deliver 11% annual growth, reaching a market capitalization of $10 trillion in the coming decade. 

This economic boom could lead to significant changes, such as increasing India's share of global manufacturing, expanding credit availability, creating new businesses, enhancing the quality of life, and fueling a surge in consumer spending. Morgan Stanley's Chief Equity Strategist for India, Mr. Ridham Desai, believes that India's idiosyncratic changes imply a once-in-a-generation shift and an opportunity for investors and companies. To further support this India growth story, let's examine some additional statistics. Total Foreign Direct Investment inflows in the country in FY 22-23 amount to about $70 billion, and total FDI equity inflows stand at about $46 billion. Honorable Prime Minister Shri Narendra Modi announced a special economic and comprehensive package of more than $270 billion, equivalent to 10% of India's GDP, under the Atmanirbhar Bharat Abhiyan (Self-reliant India). India is expected to witness GDP growth of 6% to 6.8% in 2023-24. Demographically, India is becoming home to the largest youth population in the world. India has the third-largest group of scientists and technicians globally. By 2030, it is estimated that around 42% of India's population will be urbanized, up from 31% in 2011. That concludes today's episode. In our upcoming episodes, we will delve into these aspects in greater detail. Stay tuned for more insightful episodes from India This Decade. Thank you for listening, and don't forget to subscribe and share