India Growth Story
- Government budget on capital expenditure increased by 33% in C.Y. to ~10.5 Lac Crore which will lead to boost in Infrastructure, railways and road network, Defense, renewable energy, EV, agriculture & chemical, etc.
- Huge Capex by government always create lots of employment which again leads to boost in FMCG, automobile sector, banking & finance. Growing at a stellar GDP growth rate of 6.5%+ annually (fastest in the world), reaching a target of $5 Trillion economy
- China + 1 strategy will boost the chemical & API (Active Pharma Ingredients) industry. As on today's date whole world consume ~300 Bn USD API in a year out of which 85% are catered by China but in next 4 years more than 30% will be catered by India only
- Government plans on domestic manufacturing through “Make in India” initiative also boosting the SME/Small industries which leads to overall GDP growth of India
- According to Niti Aayog India by 2030, 80% of 2 wheelers, 40% of buses, and at least 30% of cars will be electric which will boost the EV, automobile, chemicals and peer companies
- India stands 4th position globally in Renewable & Clean energy with Installed Capacity of 190 GW (as of 2023) including wind, solar, hydro. The country has set an enhanced target of 500 GW green and clean energy by 2030