India's growth trajectory has become a focal point for global attention, drawing admiration for its remarkable economic journey. Jefferies' latest report forecasts India to ascend to the position of the third-largest economy by 2027, propelled by consistent GDP growth, favourable geopolitics, expanding market capitalization, ongoing reforms, and a robust corporate ethos. Over the past decade, India has demonstrated impressive resilience, with its GDP soaring at a 7 percent CAGR in USD terms, surging from the eighth to the fifth-largest economy globally. Forecasts suggest India's GDP could reach $5 trillion within the next four years, surpassing Japan and Germany. This meteoric rise is underpinned by demographic dividends, strengthened institutional frameworks, and enhanced governance.
KKR echoes this sentiment, emphasizing India's enduring allure. The country's consumer-centric economy, bolstered by post-pandemic capital market resilience and improved currency stability, has attracted substantial interest. High-end consumer spending is on the rise, while the democratization of commerce-driven technology further enhances India's appeal on the global stage. Looking forward, KKR anticipates continued prosperity across various asset classes, including equities, real estate, credit, and infrastructure. With a growing appetite for financial assets and a government push towards private sector involvement in infrastructure development, India's investment landscape remains buoyant. Against this backdrop, public equity markets offer strategic and financial investors ample opportunities for value creation and growth. Watch Siddharth Zarabi, Managing Editor of Business Today TV, as he explains why the world is attracted to the India growth story.