While unveiling the Budget 2018-19, Finance Minister Arun Jaitley said, India has become a $2.5 trillion economy, the 7th largest in the world, adding that it will become the 5th largest economy soon. As per the CSO estimate, it is expected to grow at 6.5% in the current fiscal, and for 2018-19, the economy is likely to grow at 7-7.5% as per the Economic Survey tabled in the Parliament recently. With this, India seems to be leading the pack of this rebounded growth and even the Prime Minister Narendra Modi recently emphasised it in his conversations with business leaders at the World Economic Forum in Davos.
So, this is a good time to position itself as an investment destination, from the Indian perspective. Moreover, the image of India will be further enhanced if the government accelerates the implementation of its policies and promises, and the industry does its bit by accelerating the efforts on innovation and advanced technology adoption.
