Colossal strides and we have not even scratched the surface yet. Have a look at some numbers:
Electronic manufacturing in India:
2014: ₹ 11198 CR. 2017: ₹ 143000 CR. #MakeInIndia
Mobile banking in India.
2013-14: 94.7 million. 2017: 722 million. #DigitalIndia
2014: 42%. 2017: 64%. #SwatchhBharat
Solar power generation
2014: 2621 MW. 2017: 12277 MW. #CleanEnergy
Number of new LPG connections
2004-14: 5.3 CR. 2014-17: 6.95 CR. #CleanEnergyForAll
WEF’s travel and tourism ranking:
2014: 65th. 2017: 40th. #IncredibleIndia
2013-14: 462 million tonnes. 2016-17: 554 million tonnes. #ShortageToSurplus
Optical fibre network including rural areas:
2013-14: 358 KMS. 2017: 205404 KMS #DigitalIndiaDevelopedIndia
2014: $ 1.7 Trillion. 2017: $ 2.05 Trillion. #IndiaGrowthStory
Rural road construction:
2011-14: 81095 KMS. 2014-17: 120233 KMS. #RapidGrowth
2013-14: 4.6%. 2016-17: 3.2%. #FiscalPrudence
2014: 10-11%. 2017: 4%. #ProPoor
2014: $ 24.2 Billion. 2017: $ 56.3 Billion #IndiaTheMostAttractiveFDIDestination
New toilets construction:
2013-14: 49.76 Lakhs. 2016-17: 2.09 CR. #SwatchhBharat
These are outstanding numbers by any parameters. However, everything is not rosy today. The biggest challenge in front of India is job creation. Millions of youngsters will be looking for jobs over the next 2-3 decades but the current scenario on this front is not very encouraging. Bank NPA mess must be dealt with some tough measures. Implementation of GST will prove to be the massive challenge over the next couple of years. Demonetization has not proved to be as effective as government is claiming it to be. And the recent GDP numbers prove this rather perfectly wherein it is clear that manufacturing is impacted very badly.
However let’s focus on the bright side and it is outnumbering the not so bright one. This is our time, dear readers. Come and participate in India growth story over the next 2-3 decades by investing through mutual funds.
Our country is changing, it’s moving forward. Come, Let’s all move forward together. Let’s Grow Higher.
Happy Investing !!