Article written by India Avenue Investment Management Limited – 2021

India’s fundamental tailwinds of a SIGNIFICANT (1.4 billion), YOUTHFUL (average age 28) and ENTREPRENEURIAL (over 6,000 listed companies and 30% of GDP contributed by MSME’s) population, are expected to propel it to the third largest economy in the world by the end of 2030.

The growth in GDP is expected to be driven by the need for consumption and services driven by rising wealth and the need for improving infrastructure given the inevitable mass. To provide perspective, India’s GDP per capita is currently at US$2,104 (where China was in 2003 and today is over US10,000 and likely to rise towards that of developed nations) and can rise substantially given nominal GDP is now likely to rise at 10-12% compared to population growth of 1%. This is because India is approaching its sweet spot of maturing population growth, a lowering dependency ratio (population of dependents relative to working age) and rising GDP.

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