Since the last time I was 在这里, 印度’s economy has undergone massive changes. It is well poised to remain the fastest-growing major economy 在这个世界上 despite the economic slowdown triggered by the pandemic worldwide, 增长7.2021年为2%，2021年为6%.7% in 2022, according to the United Nations Conference on 贸易 and Development.
In the last few months as 贸易 Commissioner for Business 电子游戏正规平台 in 印度, I have seen the potential for collaboration and investments remains substantial.
The 数字空间 in 印度 is exploding with opportunities at the moment.
The country has undergone a major 数字 transformation, and the e-commerce market has seen exponential growth especially post-covid, with the online retail market expected to reach 37% of the overall retail market by 2030. 印度 has seen the fastest growth of Unicorns, VC投资, corporate incubated startup ecosystems. Education-Tech, 健康-tech, Fintech are new areas of e-commerce growth. 印度 overtook 中国 and UK with 26 new Unicorns in 2021.
T在这里 is also a major push for infrastructure growth and to overhaul 印度’s key sectors such as Defence, 航空, Space and Agriculture through open FDI norms and policy changes.
Just this week (Oct 13, 2021), the 印度n government announced a $1.4万亿年的支出 for integrated infrastructure growth under the Prime Minister’s Gati Shakti Master Plan, which is focused on speeding up the country’s economic activity by generating demand for a host of sectors such as urban infrastructure, 路, 铁路, 港口, 航空, 医疗保健, 能源, space and defence. This is to bolster 印度’s economy and plug the budget deficit, and usher in private players and foreign investors with a slew of revival policies.
对我来说, this would be the busiest time to be in 印度; the government plans to open up economic zones, 纺织集群, pharmaceutical clusters, defence corridors, 工业园区, 钓鱼集群, and agri-zones under its Gati Shakti Master Plan.
WHICH ARE THE AREAS TO INVEST IN?
电子游戏正规平台 should continue to invest in core areas of cooperation with 印度 such as defence, 健康, innovation but also in new sectors such as 空间, 数字, 游戏.
印度 accounts for 3.7% of the global military spending, making it the third-highest military spender 在这个世界上. The government wants to open up this sector to more private participation through open FDI norms, and developing two new Defence Corridors with a target investment of INR 100 billion. Another major sector for growth is 空间, one of the fastest-growing industries with a 96% success rate, which includes missions to the Moon and Mars.
印度 recently launched 印度n Space Association or ISpA, a premier industry association of space and satellite companies. The newly formed ISpA is an excellent platform for Swedish players in the space technology ecosystem to showcase and participate in 印度’s growing space programs. 319 foreign satellites have been launched by 印度’s Space Mission; t在这里 are likely to be more than 60 missions by 2025.
In the last decade, I’ve witnessed no bigger transformation than the 数字空间. With over 600 million internet users, 印度’s 数字 market is the second largest online market only behind 中国, offering a huge potential market for investment. Adding to the high internet penetration, is low cost of internet, which makes it an ideal market for the 游戏 industry expansion as well.
INDIA CORE SECTOR STRENGTH: AVIATION, RAIL, PORTS, ROADS AS WELL AS ENERGY
印度’s 航空 market is buzzing with activity and growth potential. 就在这个月, the government privatised its oldest national carrier – Air 印度, opening up the 航空 sector to further privatisation. The government aims to develop 109 air港口 by 2024 and plans to invest $1.83 billion in the development of airport infrastructure by 2026.
Not just 航空, 印度n 铁路ways and port sector are also set for a major expansion under the new master plan. The 铁路ways plan to redevelop 400 铁路way stations, implement two dedicated freight corridors (Western and Eastern) and invite bids of green fuel vertical including green hydrogen. Through the Sagarmala project, the 印度n government hopes to create smaller 港口, digitise port services, establish major new 港口, promote inland water terminals, and set up industrial and maritime clusters.
The one sector that has seen a major upward swing is 能源 – especially renewables. This gives 电子游戏正规平台, a leader in clean 能源 and circular economy, ample opportunities for collaboration.
印度 ranks third in 可再生能源 country attractive index in 2021. The country has set an ambitious target of achieving a capacity of 450 GW by 2030; this is the world's largest expansion plan in 可再生能源.
Key to the success of 可再生能源 in 印度 will also be 电动车. 印度 has approved a INR 100 billion outlay for creating demand incentives for electric vehicles.
健康 remains a core area of collaboration. 印度 and 电子游戏正规平台 are working on several 健康 verticals, for example collaboration between AIIMS Delhi, 全焦特布尔, 卫生部, ICMR and Swedish 贸易 Commissioner’s Office and AstraZeneca. According to Invest 印度’s Investment Grid, t在这里 are nearly 600 investment opportunities worth USD 32 Billion in the country’s hospital/medical infrastructure sub-sectors.
总之
Currently, t在这里 are over 200 Swedish companies operating in 印度. Investments worth $1.7 billion were made by Swedish companies in 印度, 创建于200年,000 direct jobs and 2,200,000年间接就业.
The 印度n government has brought most of the key infrastructure sectors in 印度 under eligible sectors that can have 100% FDI under the automatic route. The new master plan aims to boost employment opportunities, make interconnectivity between 路, 铁路, air and waterways more efficient, and improve industrial productivity. It also aims to help 印度 become a manufacturing hub, attract foreign investors and raise the possibility of future economic zones through multimodal connectivity that provides manufacturers faster access to domestic and international markets.
It's certainly time to invest in 印度.
For more details on w在这里 to invest, contact Business 电子游戏正规平台 for sector-specific re港口 or write to me at 塞西莉亚.oskarsson@business-sweden.se.