High court judges, High court in New Delhi, India

New Delhi, Jan 17 India is ready to promote itself as a viable investment destination during the annual World Economic Forum (WEF) meeting, which began in Switzerland's Davos on January 16, and will continue till January 20.Apart from its economic parameters, the government has decided to project its ambitious roadmap for the next 25 years, till 2047, when India would be observing 100 years of its Independence.As some of its key achievements till 75 years of Independence, the government has highlighted the rise in GDP, exports, and per capita income.In a presentation which has been prepared for the WEF, Davos, the government has said that there has been a 100 times rise in GDP, which is currently at $3.5 trillion.It has also claimed that there has been a 500 times rise in per capita income, which stands at $2,300. Similarly there has been a 500 times rise in total exports, the highest-ever exports of $660 billion in 2021-22.India's growth rate was 8.7 per cent in 2021-22 and is now the fifth largest economy in the world.The country has the second largest working population of 522 millionwith median age of 29 years.The government has also promoted the country as a destination to go for as far as foreign direct investment (FDI) is concerned.According to the presentation, the annual FDI doubled in the last eight years from $35 billion to $84 billion.India aims to become the second largest economy worth $32 trillion by 2047 and expects the per capita income to grow 10 times.Its manufacturing GDP is expected to grow 15 times to $6.2 trillion and the services GDP is likely to grow 13 times to $20 trillion.FDI is also expected to grow 12 times to $1 trillion, while exports are likely to grow 12 times to $ 8 trillion.India has also reduced corporate tax and it is among the lowest globally, as part of its business reforms, the presentation said.For existing units it is 22 per cent, while for new units, it would be 15 per cent.Under its production linked incentives (PLI), the government has offered financial incentives worth $26 billionto promote domestic production in 14 sectors.As part of its semiconductor mission, aimed at making India self reliant, financial incentives worth $10 billion have been provided to develop semiconductors and display manufacturing ecosystem.India has jumped 79 positions in Ease of Doing Business ranking of World Bank in the last five years and features in the top three improvers list.In addition to this, India has unleashed 300 plus reforms across 72 action points for state governments to develop investor friendly ecosystem.Under the National Single Window System, one stop digital platform for all investor approvals is being offered, while its ambitious PM Gati Shakti - National Master Plan for multi-modal connectivity, is a GIS-based technology platform to improve multimodal connectivity, logistics efficiency and to ensure seamless movement of goods and services.India also contributes 1 out of 10 unicorns and has a total of 107 unicorns with a total valuation of $341 billion.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

High Court JudgesFOLLOW

High court judges, Latest News

Kites always fly high and rule over the sky and so is the penchant of an Indian brand that has enthralled its audience, winning hearts and minds of people, consistently for 6 years with its irresistibly tangy taste. The brand that surpassed benchmark ...

Aurangabad: “The National Education Policy (NEP) will be implemented in universities and colleges across the State from June/July 2023 ... ...

TecXLabs, a company based in Mumbai and headed by Dr Dhruv Desai, who is a well-known personality in the finance industry, has launched its 5G ready FinApp named NUUU (pronounced as 'new'). ...

The Professional Speakers' Association of India (PSAI), is organizing the Professional Speakers Summit (PSS) 2023, an annual gathering of professional and public speakers from the APAC region. The event will take place at the Hyatt Regency on January ...

Life Inside Media, a leading video production company based out of Pune, has teamed with acclaimed television actor Anup Soni for a one-of-a-kind ad campaign for Indigo Global School. The TVC emphasizes the school's pedagogy and long-term vision of c ...

BMW's flagship Sports Activity Vehicle (SAV) - the new BMW X7 - has been launched in India today. The new BMW X7 is an absolute statement of the new BMW luxury class segment. Its charismatic grandeur fascinates along with numerous innovations spannin ...

Former India captain Rajpal Singh praised Team India's defence and said that responsibility will be on the forward line ... ...

New Delhi, Jan 17 India is ready to promote itself as a viable investment destination during the annual ... ...