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Education Today'India can grow into a 10 trillion dollar economy'

‘India can grow into a 10 trillion dollar economy’

Published: 28th Nov 2021 5:02 pm

Hyderabad: Improving the infrastructure is must for India to be competitive to attract investments, observed Nilesh Shah, founder and CEO, Envision Capital.

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Speaking at a webinar on the topic “Investing in India: New Investment opportunities and Game Changers’ organised by the ICFAI Foundation for Higher Education, Deemed-to-be University, Nilesh described the huge investment opportunities that India can explore in the coming years.

“India is currently a 3 trillion dollar economy and has the potential to grow into a 10 trillion dollar economy in the next 30 years from now. India has close to 1.4 billion population and most of them are under 30 years of age that makes another interesting prospect. Considering the fact that the rise in literacy and technology awareness gives way to a lot of startups which creates an opportunity to attract more investments across all the industries,” Nilesh said.
He said demographics, digitisation and de-carbonisation were extremely important to India’s growth.

“The adaptation of digitisation plays a key role in India’s growth. India has proved that it is a great adapter of technology and the younger population is ready for the new changes in the technology industry,” he said, adding that more investment opportunities are going to come in the food, agriculture and the insurance industry.

Answering a query, Nilesh advocated that the government should come up with stringent regulations to keep a check on the cryptocurrency. The webinar was moderated by professor R Prasad, director – academic wing, ICFAI Group and professor Sudhakar Rao, director – branding, ICFAI group.

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