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Business News/ Brand Stories / India Story - Where Progress, Innovation, and Potential Converge

India Story - Where Progress, Innovation, and Potential Converge

For our customers, Yantra is uniquely positioned to assist them in leveraging India's potential and effectively establishing their own Center of Excellence (COE).

Geetanjli Dhanjal, Senior Director of Business Transformation at YantraPremium
Geetanjli Dhanjal, Senior Director of Business Transformation at Yantra

We have been reading and hearing a lot about India’s dynamic progression. With its shift from the fifth-largest economy to third largest on the world economy ranking in 2024, to its expanding GDP growth set from USD 4.11 trillion in 2023 to an estimated USD 7.3 trillion by 2030, India, now is not just about low operating costs or strategic positioning anymore - CFOs and CEOs recognize the need to tap into India's potential., Along with us, many of the clients at Yantra make successful investments in India. Be it Supply Chain diversification, Green energy investments, Retail, Manufacturing, Finance Outsourcing, and more, we're looking at the trifecta of this transformative journey where Progress, Innovation, and Potential converge. With a unique blend of old-world charm and modern progressiveness, India's ascent is hard to ignore and stands as a testament to its dynamism and resilience.

Five Pillars of India's Meteoric Rise

Innovation Culture

In India, we believe that when everyone has a chance to contribute, great ideas can come from anywhere. India’s diverse society creates a vibrant market full of unique needs and challenges, inspiring creative solutions. Where everyone is a master of doing more with less, finding ingenious ways to solve problems affordably comes naturally. After my recent trip to India, I am just not able to get over how quick the quick commerce is (vis-a-vis Blinkit), and the local shop owner was surprised I paid with cash (I must be visiting from the US, she said!). 

Abundant pool of talent

With an inherent emphasis on education in the culture, India's greatest asset lies in its abundant pool of talent, characterized by a young and dynamic workforce. Today's young generation is incredibly talented, driven, and well-educated, and they're breaking barriers like never before. India's commitment to education is evident with the establishment of higher education institutes and the opening of five new All India Institutes of Medical Sciences (AIIMS) in 2024. Startups today are not just limited to Tier-1 cities anymore but also cluster up in 2nd-tier cities like Ahmedabad, Jaipur, or Chandigarh. With the rise of remote work, they're proving that talent knows no boundaries—it's about what you can do, not where you are.

Government-Led initiatives

Government-led programs are instrumental in leveraging technology and bridging the digital divide so that everybody gets to participate in the digital economy. These initiatives not only drive digital innovation and entrepreneurship but also create opportunities for skill development, job creation, and socio-economic empowerment for millions of lives driving inclusive growth, and attracting foreign investments. Total FDI inflows in the country in the FY 22-23 was $953.143 Bn (April 2000 to September 2023) Source: Department of Promotion of Industry and Internal Trade, Govt. of India

Political Stability

India’s global ambitions are benefitting from geopolitical realities as India asserts itself as a responsible global leader. Amidst evolving geopolitical dynamics, India finds itself strategically positioned to leverage several advantages, driving both economic and diplomatic benefits. With strengthened strategic partnerships and alliances with key players in the international arena, India is becoming the "Voice of the Global South."  

Purchasing power of growing middle-class

India’s growing middle class is defining the term “upward mobility". With rising incomes and aspirations, this demographic segment is fueling demand and has propelled India's digital economy, spurring the adoption of e-commerce platforms, digital payment solutions, and online services. From shopping online to accessing digital entertainment and education, to consumers, it's more about convenience, choice, and accessibility. The projection for 2023 anticipates India’s household disposable income reaching nearly $3 trillion. India's middle class is projected to hit 38% by 2031 and 60% by 2047. With such promising prospects, who wouldn’t want to capitalize on these opportunities?

For our customers, Yantra is uniquely positioned to assist them in leveraging India's potential and effectively establishing their own Center of Excellence (COE). Our commitment to excellence and success of our clients drives them to rely on us to deliver tangible results and maximize the return on their investment in India. As we nurture the next generation of digital leaders and changemakers, we see a future that is, both, promising and transformative. 

(The views expressed here are of Geetanjli Dhanjal, Senior Director of Business Transformation at Yantra)

Disclaimer: This article is a paid publication and does not have journalistic/editorial involvement of Hindustan Times. Hindustan Times does not endorse/subscribe to the content(s) of the article/advertisement and/or view(s) expressed herein. Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the view(s), opinion(s), announcement(s), declaration(s), affirmation(s) etc., stated/featured in the same.

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Published: 02 Apr 2024, 11:54 AM IST
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