4. 1. Economic
Growth
As per sources of latest data, GDP of india grew as an average annual
pace of 6.6% in the decade of
2019-20, in 2022-23,with the growth rate of 7.2%.india
outperformed most of economic and on track to become third
largest economy by the end of 2031.
India GDP Growth Rate – (last 7 year)
Year
GDP Growth (%) Annual Change
2016 8.26% 0.26%
2017 6.80% -1.46%
2018 6.45% -0.34%
2019 3.87% -2.58%
2020 -5.83% -9.70%
2021 9.05% 14.88%
2022 7.00% -2.05%
5. 2. INFRASTRUCTURE
OVERVIEW OF
OPPORTUNITIES
IN
INFRASTRUCTURE
DEVELOPMENT:
DEMAND
•India has to enhance its infrastructure
to reach its 2025 economic growth
target of US$ 5 trillion.
•India's population growth and
economic development require
improved transport infrastructure,
including investments in roads,
railways, and aviation, shipping and
inland waterways.
OPPORTUNITIES
•Development of infrastructure has a
multiplier effect on demand and
efficiency of transport and increases
commercial and entrepreneurship
opportunities.
•In October 2021, the Dubai
government and India signed a
contract in October 2021 to build
infrastructure in Jammu and Kashmir,
including industrial parks, IT towers,
multipurpose towers, logistics centres,
medical colleges, and specialized
hospitals.
POLICY
SUPPORT
•Budget 2023-24 is complemented with
the continuation of the 50-year
interest-free loan to state governments
for one more year to spur investment
in infrastructure and to incentivize
them for complementary policy
actions, with a significantly enhanced
outlay of ₹ 1.3 lakh crore (US$ 16
billion).
•In November 2022, National
Investment and Infrastructure Fund
(NIIF) is set up as a collaborative
investment platform between the
Government of India
6. NOTE:
Technology will help India become developed nation
by 2047: PM Modi
(HINDUSTAN TIMES)
FUTURE
IS
IN
OUR
HAND
7. 4. INDUSTILISATION
Provide Employement
Increase in Income and saving
Better utilization of raw material
Increase Economic growth
IMPORTANCE OF INDUSTRILISATION:
Over the last two decades, Out of a total of 27 percent of the industry, mining, power, and gas contribute
10%. A growth rate of 12% is expected during the next ten years. Economists predict that manufacturing
will accomplish its target over the next decade if the government implements appropriate policy.
8. 5. HEALTHCARE
Healthcare sector is among the fastest growing sectors in country
and it is expected to reach $280 billion by the end of 2024 year
reported by india business global.
RBI Also stated that, Healthcare sector need to grow
at 7.6% to be a developed nation by 2047-48,
Indian government allocated 83,000 cr during
budget 2023-24 for Healthcare and family welfare,
nearly 16.5% increase in comparison with budget
2022-23.
HEALTH IS THE BEST TOOL FOR WELTH CREATION
