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Webinar: The state of India's growth story
Axis' Ashish Gupta and Rakhee Bhagchandan explore the case for a standalone India allocation.
Ler o relatório completoThe state of India's growth story
14 pages
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Key takeaways
- India is gaining power in the world economy. At nominal GDP of US$ 3.9 trillion, India today is the fifth largest economy, taking rapid strides to become third largest by end of this decade. IMF projects India’s GDP to exceed US$ 6 trillion by 2030, surpassing Japan and Germany. By then, India would contribute one-fifth to the world’s output.
- Over the last decade, India has undergone a rapid transformation which has set the stage for positioning it as an economic powerhouse. Several pro-growth policies implemented on taxation, formalisation, investments in physical and digital infrastructure are showing multiplier effects on the economy.
- The broader implications of India’s digital transformation have been profound as it has enabled access to essential socio-economic services resulting in economic efficiency at a massive scale. As more countries look to adopt similar digital public infrastructure, India is at the centre of this revolution, exporting its model of inclusive, tech-driven development to the world.
- India’s strong macro fundamentals and well-calibrated policy approach has significantly strengthened its ability to withstand recent global headwinds (Russia-Ukraine conflict, geopolitical tensions, US trade tariffs). This reflects its enhanced capacity to absorb external shocks without compromising its macroeconomic stability, compared to its vulnerability during previous global crises.
- At US$ 4.6 trillion market cap, 2500+ listed companies on National Stock Exchange, India is the fifth-largest stock market and the largest derivative exchange (by number of contracts traded) in the world, making it attractive for bottom-up stock pickers across sectors. Its weight in MSCI EM index has more than doubled from 8% in 2020 to 19% in 2025 due to strong performance, increased investor confidence and expansion of equity markets. Domestic investors have emerged as strong participants over the past few years, helping cushion volatility during major global events.
Read the full report here
Ler o relatório completoThe state of India's growth story
14 pages
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