Exploring Achievement and Ambition in Rising India
India and the new ambition
A report published by Capital Group makes the following points about the future of India:
1. Reforms have set the stage for growth
2. The infrastructure boom is real
3. Tailwinds for manufacturing are getting stronger
4. India's equity market has been growing and should evolve
5. Investment opportunities span real estate, financials, and industrials
6. The digital boom is real
7. The chemicals industry exemplifies how both governments and multinationals are turning to India to diversify manufacturing beyond China.
8. Indian corporations are seeking to compete with China all along the clean energy value chain, especially with green hydrogen.
9. Median age is 29
10. Valuations are stretched but insurmountable
11. India’s cultural capital is growing
Overall, India can do better in many areas, but it seems to be well-positioned for the future.
Read Nandan Nilekani’s presentation for more insights.
Understanding Achievement in Rising India
For a country grappling with so many social and political challenges, becoming an economic powerhouse is likely to change how people dream. Many open questions will need to be explored and ambition will evolve. To understand what might happen, let’s explore what is achievement.