India is expected to increase its growth rate to 9-9.5 per cent during 2013-15 on the back of continuing structural reforms, globalisation and a sterling demographic dividend, according to a report by Morgan Stanley. These projections act as a catalyst in showcasing the quantum of investment opportunities in India. Similarly, the senior economists opine that the Indian economy may have expanded at close to 9 per cent-in the three months from April to June 2010-its fastest pace in more than two years, driven by high industrial growth and increased private investments.
Investment opportunities in India have resulted in an overall growth in various industrial sectors. Kaushik Basu, Chief Economic Adviser to the Ministry of Finance, had forecasted that the Indian economy would grow close to 9 per cent in the first quarter of 2010-11. Highlighting the infrastructure sector in March 2010, the Planning Commission had said that India investment opportunities in the infrastructure sector in 2010-11would be close to the target of US$ 500 billion (Rs 20 lakh crore).
Foreign direct investment (FDI) trends lucidly present the growing Indian investment opportunities by the overseas investor. Various foreign firms across different industrial sectors are on a look out for investment opportunities in Indian market. Giving a boost to the Indian economy auto sales grew 31.5 per cent in July 2010 over the corresponding period last year, as per data released by the Society of Indian Automobile Manufacturers (SIAM).
Furthermore, US Agency for International Development (USAID) through its clean-tech energy initiatives is exploring the potential of investing in India by partnering stakeholders and mentoring and working with the policy makers. Similarly, IBM announced that HPCL- Mittal Energy Limited (HMEL) has selected the company as its strategic partner in the design and implementation of a state-of-the-art manufacturing execution system (MES) for their zero residue refineries at Bathinda, Punjab, thereby representing yet another foray of Indian investment opportunities.
Furthermore, investing in India especially with view to medical tourism in India is expected to grow to US$ 2 billion by 2012, according to a report from McKinsey and CII. The Indian economy would grow to USD 1.72 trillion in 2011-12, moving closer towards the USD 2 trillion marks, according to an assessment by the Prime Minister’s Economic Advisory Council (PMEAC). The Indian economy grew by over nine per cent for three years in a row from 2005-06 to 2007-08 and expansion was maintained by industry and services sectors.
Moreover, giving impetus to the India investment opportunities for overseas investors, Mr Anand Sharma, Union Minister for Commerce and Industry, in the annual supplement to the Foreign Trade Policy (FTP), has unveiled various export policy support measures covering labour-intensive segments such as leather, handloom, and handicrafts, and some engineering sectors.
Harjeet is an Indian – born mass-market novelist, who covers the world internet related topics. He writes columns and articles for various websites and internet journals in the domain of India Investment Opportunities and Investment strategies.
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