Bloomberg Originals’ Post

India’s economic growth is exploding Here’s a few reasons why I’m obsessed The middle class is the fastest-growing major population segment. Over the next decade One-fourth of the world's incremental Workforce will likely come from India Who are young and hungry While investments in infrastructure Will be the backbone of India’s growth More foreign direct investment Will be deployed Over the next 25 years India is on track to become the worlds Third-largest economy by 2027. Go India! 🇮🇳🚀

India is now the fifth-largest economy and home to the world's largest population. By embracing a sustainable and inclusive growth model, the country has a unique opportunity to build on its momentum and strengthen resilience. This model includes: 📈Achieving 8% GDP annual growth in the next decade 🤝Creating 90 million jobs by 2030 🌍Investing a total average annual $600 billion to transition to net zero 🧩Realizing broad-based progress across income groups, areas, and skills segments Discover more➡https://lnkd.in/ew6acxqs #SustainableInclusiveGrowth

India is now the fifth-largest economy and home to the world's largest population. By embracing a sustainable and inclusive growth model, the country has a unique opportunity to build on its momentum and strengthen resilience. This model includes: 📈Achieving 8% GDP annual growth in the next decade 🤝Creating 90 million jobs by 2030 🌍Investing a total average annual $600 billion to transition to net zero 🧩Realizing broad-based progress across income groups, areas, and skills segments Discover more➡https://lnkd.in/eSWa5ZV5 #SustainableInclusiveGrowth

India is now the fifth-largest economy and home to the world's largest population. By embracing a sustainable and inclusive growth model, the country has a unique opportunity to build on its momentum and strengthen resilience. This model includes: 📈Achieving 8% GDP annual growth in the next decade 🤝Creating 90 million jobs by 2030 🌍Investing a total average annual $600 billion to transition to net zero 🧩Realizing broad-based progress across income groups, areas, and skills segments Discover more➡https://lnkd.in/g6mtAA-R #SustainableInclusiveGrowth

India is the fifth-largest economy and home to the world's largest population. By embracing a sustainable and inclusive growth model, the country has a unique opportunity to build on its momentum and strengthen resilience. This model includes: 📈Achieving 8% GDP annual growth in the next decade 🤝Creating 90 million jobs by 2030 🌍Investing a total average annual $600 billion to transition to net zero 🧩Realizing broad-based progress across income groups, areas, and skills segments Discover more➡https://lnkd.in/eJtY455r #SustainableInclusiveGrowth

India is the fifth-largest economy and home to the world's largest population. By embracing a sustainable and inclusive growth model, the country has a unique opportunity to build on its momentum and strengthen resilience. This model includes: 📈Achieving 8% GDP annual growth in the next decade 🤝Creating 90 million jobs by 2030 🌍Investing a total average annual $600 billion to transition to net zero 🧩Realizing broad-based progress across income groups, areas, and skills segments Discover more➡https://lnkd.in/g-CbZXyH #SustainableInclusiveGrowth

India is the fifth-largest economy and home to the world's largest population. By embracing a sustainable and inclusive growth model, the country has a unique opportunity to build on its momentum and strengthen resilience. This model includes: 📈Achieving 8% GDP annual growth in the next decade 🤝Creating 90 million jobs by 2030 🌍Investing a total average annual $600 billion to transition to net zero 🧩Realizing broad-based progress across income groups, areas, and skills segments Discover more➡https://lnkd.in/guTaQakx #SustainableInclusiveGrowth

India is now the fifth-largest economy and home to the world's largest population. By embracing a sustainable and inclusive growth model, the country has a unique opportunity to build on its momentum and strengthen resilience. This model includes: 📈Achieving 8% GDP annual growth in the next decade 🤝Creating 90 million jobs by 2030 🌍Investing a total average annual $600 billion to transition to net zero 🧩Realizing broad-based progress across income groups, areas, and skills segments Discover more➡https://lnkd.in/dKQpD43j #SustainableInclusiveGrowth

As we step into 2024, India stands at a crossroads. Celebrating the triumphs and confronting the challenges, let's dive deep into the state of India's economy under "Modinomics." 🚀The Good India has leaped ahead, surpassing the UK to become the world's fifth largest economy. With a robust growth rate outpacing major global players, the vision of "Viksit Bharat 2047" seems more attainable than ever. Our infrastructural revamp is underway, with thousands of kilometers of new highways and innovative projects like Kolkata's underwater metro highlighting our progress. 🔍The Bad Despite these advancements, not all have felt the economic upswing. The digital revolution, while cutting red tape, hasn't yet alleviated the hardships of those on the fringes of our economy. Job creation struggles to keep pace with our population's needs, leaving many educated youths facing a bleak employment landscape. 🌧️The Ugly The disparity in wealth is stark. As billionaires enjoy a new gilded age, the everyday Indian finds themselves part of a "K-shaped" recovery, where the divide only deepens. As we reflect on these mixed results, we must ask ourselves—what can we do to ensure that the next decade not only mirrors but exceeds the growth seen in places like China from 2007 to 2012?

India is today at an inflexion point. During the current century, the country has experienced a couple of decades of economic growth rates that have been significantly greater than the growth rates in the first four decades post-independence. This acceleration of growth, combined with rapidly changing geopolitical realities, has suddenly positioned India in the eyes of itself and parts of the Western world as an economic and political counterweight to China. This view hopes that India will become a key driver of the world economy in the coming three decades. Will it?There are headwinds to India’s ambitions. The first and biggest issue facing the country is its employment situation. The typical Indian is very young, with the median age being around 28 years. Moreover, India has a very low dependency ratio, with 100 workers for every 40 dependents (those who are too young or too old to be working). India’s low dependency ratio, the young age of its workers, and the anticipated addition of around 10 million new workers annually for the next couple of decades is often described as India’s demographic dividend or boon.