The Indian IT Services and Infrastructure Sectors to Lead India's Journey to Become a $10 Trillion Economy by 2030: IEBF Report
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Mr. Sunil Kumar Gupta, India leader, Indo European Business Forum (IEBF), said, "Today India represents a land of infinite opportunities. Its young demographic profile combined with its strong industrial base, rapid digitisation, growing infrastructure, resilient startup ecosystem and clear growth vision from the Government, offers India a significant competitive advantage vis--vis other developing economies. Initiatives like 'Make in India' and 'Digital India' have contributed immensely to the growth of both the private and public sectors."
He further added, "The Global investors today realize the potential of India as the next big market. There is keen interest to invest across sectors in India. With IEBF, it is our aim to create a dialogue to educate the global audience about what India has to offer and encourage investment from the European Union into India."
The 4th largest installed capacity of wind power in the world, The 6th largest installed capacity of solar power and 70 GW installed renewable energy capacity (as of July 2018) and 34 new solar parks of capacity 20,000 MW sanctioned 60 solar cities approved and $1.3 billion allocated for setting up 50 solar parks of 40 GW by 2020 Entrepreneurship The startup ecosystem in India is seeing an all time high with more new entrepreneurs entering the system, budding angel investors, variety of Incubators & Accelerators and venture capital firms, both domestic and global, betting on India's 10 trillion dollar market. Financial year 2017 saw an investment of $ 13.7 billion across 820 deals. The first quarter of 2018 has seen investment worth $ 2.2 billion. According to Niti Ayog, India is expected to have about 1 lakh startups by 2026 with an investment of approximately $ 400-$ 500 billion. About Indo European Business Forum (IEBF)
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