Over the last decade, India has seen an unprecedented growth in business activity. During this period in the country’s economy was invested US$8 trillion. This is according to a report by one of India’s leading financial firms quoted by
IANS, a partner of TV BRICS.

Meanwhile, the investment since independence in 1947 stands at US$14 trillion. The Indian economy is expected to attract another US$8 trillion in the next five years.

The report said that the government’s actions to rebuild the economy after the COVID-19 pandemic played a key role in ensuring this momentum. In particular, the country is implementing major infrastructure projects.

It is noted that the active attraction of investment reflects such trends as the steady growth of India’s GDP and strengthening the competitiveness of national manufacturers in the global market. Another factor in the growth of investment attractiveness is the local stock market, which provides long-term returns on investment.

The authors of the study emphasise that due to the inflow of capital and the growth of competitiveness in the future India can become a leader of the world economy.

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iStock