INDIA WILL ONCE again serve as the bellwether for global growth in 2024. With the IMF projecting India’s GDP growth to sustain at 6.3%, even as the world grapples with a slowdown at 2.9%, the country’s business narrative is a contrast to the recession clouds hovering over Europe and other regions.
This optimism is palpable in the actions of both domestic and foreign investors. In 2023, India witnessed a record $2 billion of monthly SIP inflows, coupled with foreign investors infusing $20 billion into Indian equities and turning net buyers of Indian debt for the first time in four years. When I speak with investors abroad, it is evident that participating in India’s growth story has transformed from a ‘nice-to- have’ to a ‘must-have’.
SoftBank has been investing in Indian start-ups since 2013 and we have seen first-hand the country’s transformation driven by infrastructure investments, India Stack, stable governance and a maturing tech ecosystem. Investors who put their faith in the India story have benefitted with handsome returns across multiple deals.
INDIA CURRENTLY HAS 23 IITS AND 31 NITS. IT WOULD BE IN INDIA'S INTERESTS TO FOCUS ON INCREASING THE NUMBER OF HIGH-QUALITY UNIVERSITIES
Looking forward to the next decade, there are ample reasons to be enthusiastic about India’s potential as an economic and cultural superpower. While India is making rapid strides on all fronts, we are particularly excited about three themes that should have a multiplier effect on the Indian growth story.
Establishing more Tier I universities
Esta historia es de la edición February 18, 2024 de Business Today India.
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Esta historia es de la edición February 18, 2024 de Business Today India.
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A Man of Multitudes
IN A NEW BOOK, CAPTAINS OF INDIA INC. AND OTHERS PAY TRIBUTE TO RAHUL BAJAJ, THE TITAN OF INDIAN INDUSTRY
HOUSE OF THE RISING SUN
WITH THE GOVERNMENT OFFERING SUBSIDIES UNDER THE PM SURYA GHAR MUFT BIJLI YOJANA, MANY HOUSEHOLDS HAVE TAKEN A SHINE TO SOLAR ROOFTOP PANELS. BUT HOW MUCH DO THEY COST?
FROM GREY TO GREEN
WITH THE CLIMATE CRISIS BECOMING MORE ACUTE, GREEN HYDROGEN COULD BE AN IMPORTANT SOLUTION
ECO CHAMBER
DATA CENTRES ARE A VERY VITAL PART OF THE DIGITAL TRANSFORMATION THAT IS UNDERWAY, BUT THERE'S A PROBLEM: THEY CONSUME TOO MUCH ENERGY. AS DEMAND FOR SUCH CENTRES INCREASES IN INDIA, IT HAS NO OPTION BUT TO EMBRACE GREEN SOLUTIONS
THE GREEN BARRIER
THE EU'S CARBON BORDER ADJUSTMENT MECHANISM COULD MAKE INDIAN EXPORTS UNCOMPETITIVE, UNLESS EFFORTS TO REDUCE CARBON EMISSIONS ARE ACCELERATED
HUMANISING SUSTAINABILITY
THERE IS A NEED TO MOVE BEYOND INDIVIDUAL WELL-BEING AND FOSTER A SENSE OF INTERCONNECTEDNESS AND SOLIDARITY
DE-RISKING THE BOOKS
INDIAN BANKS ARE BEGINNING TO TAKE BABY STEPS TOWARDS ADDRESSING CLIMATE-RELATED FINANCIAL RISKS IN THEIR BOOKS. BUT THEY MUST PUT THEIR FOOT ON THE PEDAL AND ENHANCE PREPAREDNESS
PAYING FOR CHANGE
WITH EXTREME WEATHER INCREASINGLY PUTTING THE COUNTRY AND ITS ECONOMY AT RISK, INDIA SHOULD EXPLORE CLIMATE FINANCE PATHWAYS TO FUND ITS NET-ZERO JOURNEY TOWARDS A GREENER FUTURE
BEYOND THE BLIP
ESG HAS BEEN UNDER SCRUTINY GLOBALLY AMID ALLEGATIONS OF GREENWASHING AND RECORD REDEMPTIONS FROM ESG FUNDS. BUT THAT MAY JUST BE ONE SIDE OF THE STORY, SINCE SUSTAINABLE PRACTICES HAVE BECOME CORE COMPONENTS OF COMPANIES' STRATEGIES
PROFITING FROM ESG
INITIALLY DRIVEN BY REGULATORY COMPLIANCE REQUIREMENTS, BUSINESSES ARE INCREASINGLY VIEWING ESG AS A TOOL TO ENHANCE PROFITABILITY. BUT THERE IS STILL A LONG WAY TO GO
