While the stock market voted down the budget, there were some announcements in that budget speech that will open up new frontiers for India’s burgeoning economy. Let us look at some of them and how they are likely to usher a few sunrise sectors that will not just create jobs but also help double the size of the economy – from the current US$2.61 trillion to US$5 trillion by 2024-25.
With a new Government voted to power by a huge majority that is widely seen as business and investor-friendly, foreign businesses and investors have much to cheer and a steady increase in the Indian market performance can be anticipated.A slew of policy measures over the last few years have led to a keen interest in investing in India. Data from the Department for Promotion of Industry and Internal Trade indicates that the total FDI investments in India between April and December 2018 stood at US$ 33.49 billion.