“India can become a 10 trillion dollar economy”

Hyderabad: Improving infrastructure is essential for India to be competitive in attracting investment, observed Nilesh Shah, Founder and CEO of Envision Capital.

Speaking at a webinar on “Investing in India: New Investment Opportunities and Game Changes” hosted by the ICFAI Foundation for Higher Education, Deemed-to-be University, Nilesh described the enormous opportunities investment that India can explore in the years to come.

“India is currently a $ 3 trillion economy and has the potential to grow into a $ 10 trillion economy within the next 30 years. India has nearly 1.4 billion people and most of them are under 30, which is another interesting prospect. Considering that the increase in literacy and awareness of technology is giving way to many startups, which creates an opportunity to attract more investment in all industries, ”Nilesh said.
He said demographics, digitization and decarbonization are extremely important for India’s growth.

“Adapting digitization is playing a key role in India’s growth. India has proven that it is a great tech adapter and the younger population is ready for new changes in the tech industry, ”he said, adding that more investment opportunities would go. present itself in the food, agriculture and insurance sectors.

Responding to a question, Nilesh advocated that the government establish strict regulations to control 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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