India is a capital starved country and world is now flushed with cheap capital, thanks to shock absorption measures taken by central banks across the developed world since GFC of 2008. Prime Minister Narendra Modi has laid out an enticing recipe to world investors in world economic forum, Davos.
In this Digital age, India has leaped ahead in creating appropriate “Land”, e.g. a huge, secure and successful digital payments platform, fibre connectivity of gram panchayats and many more fundamental assets are ready. Further, Gati Shakti National Master Plan is strengthening connectivity like never before.
Today India is home to over 5mln software engineers and many more are working across the world. There are multiple public and private sector measures to harness the benefits of demographic dividend by providing appropriate skills to the largest young population of the world.
Today India has the third largest number of Unicorns in the world. More than 10 thousand start-ups have been registered in the last 6 months. India has also deregulated many sectors like Drones, Space, Geo-spatial mapping and made major reforms in the outdated telecom regulations related to IT sector and BPO. The spirit of Entrepreneurship is high and shining bright in the times of Atmanirbhar Bharat.
To solve the problems of Capital availability, one route is taken by DIPAM, “Asset Monetization involves creation of new sources of revenue by unlocking of value of hitherto unutilized or underutilized public assets….The objective of the asset monetization programme of the Government of India (GOI) is to unlock the value of investment made in public assets which have not yielded appropriate or potential returns so far, create hitherto unexplored sources of income ….”
Clearly, the global investor is blue to see India as a hub not just for return on Capital but also for a sustainable future. P3(Pro-Planet-People) is a viable slogan from a country which has achieved Paris commitments 9 years ahead of schedule.
Measures like PLIs across 14 sector, improvements in Ease of doing business! reforming retrospective tax, various FTAs, a Competitive corporate tax regime and Gati Shakti National Master Plan are getting noticed by Global investors and investments should spur in the country.
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