Indian IT Services and Infrastructure Sectors to lead India to become $10 Trillion Economy by 2030
The Indo-European Business Forum (IEBF) unveiled its report titled ‘Moving Towards a $10 trillion Economy: India 2030’, at the 'Global Investment Conclave on Investment Opportunities in New India' in the UK’s House of Lords, London.
The updated figures released by the World Bank for the year 2017 places India as the sixth largest economy of the world, surpassing global giant France. India is well poised to surpass Japan, Germany, Britain, and France to become the third largest economy by 2030. India is already moving towards its goal with a 23 point jump in the World Bank’s ‘Ease of Doing Business’ index.
The Report examines in detail, the landscape of major sectors such Information Technology, Entrepreneurship, Infrastructure, Education, Energy and MSME, that have been significant contributors to India’s economic growth.
The report highlights a wide ranging view on the current state of the aforementioned sectors in India, highlighting their performance in the past few years, the scenario pertaining to exports, strategies and policies that have fueled economic growth in the past. The report also captures the various government initiatives and lastly, sector growth expectations.
Sunil Kumar Gupta, India leader, Indo European Business Forum (IEBF), said: “Today India represents a land of infinite opportunities. Its young demographic profile combined with its strong industrial base, rapid digitization, growing infrastructure, resilient startup ecosystem and clear growth vision from the Government, offers India a significant competitive advantage vis-à-vis other developing economies. Initiatives like ‘Make in India’ and ‘Digital India’ have contributed immensely to the growth of both the private and public sectors.”
