Thread by @ithoughtadviser

Highlights from the keynote address made by Mr. Deepak Bagla, Managing Director & CEO of Invest India at the Standard Chartered Treasury Leadership Forum 2023.

A thread! (1/n)

#India #economy #GDP #highlights #thread

India is going through the most unprecedented transformation of human history in the free world today. (2/n)

#india #economy

This is the first time in the history of India’s 5000 years of existence, that the 3 pillars are going through a rapid transformation at the same point in time.

The 3 Pillars:
- Economic
- Social
- Political (3/n)

#india #economy #social #political

Let’s talk about the 1st pillar: The Economic Pillar

Total FDI from 1947 is about 950bn$; 523bn$ out of the total has come in the last 19 months from 162 countries (a global record). (4/n)

#FDI #economy #inflation

93% of FDI came via the open route. It did not require any special approvals.

India’s GDP is about 3.5Trn. The 1st Trillion took 67 years, the second took 8 years and the third took 5 years. (5/n)

#FDI #GDP #economy #india

From 2015 to now, India has moved ahead of Russia, Italy, Brazil, and France to No.5 in terms of GDP. India will knock Germany out to become No.4. (6/n)

#globaleconomy #GDP

BEFORE the pandemic, India WAS the fast-growing large economy.

And AFTER the pandemic, India IS the fastest-growing large economy on the planet. "This story has just begun." (7/n)

#economy #pandemic #developingcountries

2/3rd of GDP is driven by domestic demand. "That is what India's growth story is; demand is ahead of supply." (8/n)

#GDP #indianeconomy

Moving on to the 2nd pillar: The Social Pillar

3 weeks ago, India became the largest human resource on the planet; close to 1.4Bn.

1Bn of those are under the age of 35. India is the youngest on the planet all the way up to 2070. (9/n)

#employees #humanresources

There was a BCG study that said every Indian born in 2000+ will spend 240k$ in their lifetime. “Multiply that by 1.6bn. That is what India will be in 2047". (10/n)

#population #india #worldpopulation

Talking about the 3rd (last) pillar: The Political Pillar

During the last election in 2019, India registered 960mn voters. Out of which 600mn voted their franchisee. (11/n)

#democracy #election #votes

Indian elections are the largest and most complex exercise on the planet executed to sigma 6x. Of 600mn voters, 90mn were first-time voters. (12/n)

#votes #politics

"This is the generation today which is driving transformation and brought about a central change where good economics is the centre of good politics”. (13/n)

#economy #centralgovernment

A little bit on Scale & Pace. In July 2015, the PM launched digital India. 100 months later India jumped from 122 in per capita data consumption to No.1. (14/n)

#DigitalIndia #percapita

This is more than US and China put together. Last year 41% of the world's real-time transactions happened in India. "48bn transactions vs 18bn of China". (15/n)

#economy #india #usa #china

Start-up India was launched in January 2016. Had 452 registered startups at launch. In 84 months, India is No. 3 in no. of unicorns, No.2 in no. of startups, and No.1 in the world with new startups added every day. (16/n)

#business #entrepreneur #startups

India is the largest on the net today. Every second 3 new people are joining the net and 2 of them are from a village. "Don't forget 11% of the world's population lives in our villages.” (17/n)

#rural #urban #population

Every minute 30 people are moving from a village to a city in India. "In the next 10 years, India will create the next United States of America." (18/n)

#India #USA

"This is the new India, which wants to be with you, wants to partner with you and walk for your future and ours." (19/n)

#india #economy #GDP

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