Geo-Economic Security & Investment Market (GESIM)
India is expected to become the third largest economy in the world by 2027. Indian and global estimates indicate that it will be the fastest growing economy in the world at around 7% over the next few years. Globally, India has a big market size with a booming share market; a young demography with over 65% below 35 years; an educated, adaptive, resilient and diversely skilled workforce that is cost effectively accessible; and an enabling democratic and stable political system whose policies are becoming increasingly business friendly as numerous efforts are being made to encourage innovation and incubate startups, ease the investment process, open up key sectors of the economy further for private investments, strengthen public-private partnerships in manufacturing and improve the country export profile.
Challenges to economic security have also become prominent over the years including black money parked in tax havens, fake currency, unregulated market sectors and illegal financial networks, existing across borders supported by some states in an effort to achieve their narrow political and security interests, to finance terrorism. In this context, analyzing the macro and micro economic indicators in-depth will be a very useful value-add for the industry, academia and the larger public.
As efforts towards making India ‘Atma Nirbhar’ continues, mapping the key economic sectors for strengthening strategic autonomy is important. As part of a ‘Viksit Bharat 2047’ vision, it will be vital to appraise agents of economic change for long horizon growth. Another focus area is to conduct a sectoral appraisal of government policy and its attendant regulations. Scoping of potential partnerships between public and private enterprises will be critical even as efforts to explore opportunities in start-up and innovation and for an export led growth continue to remain a priority. Measures towards illuminating the potential of a ‘blue economy’ and showcasing growth vistas in India, other relevant rising geographies and strategic collectives externally will have to be sustained. India’s states can be leveraged to build new partnerships capitalizing on each state’s core sectors and the sectors which could be future drivers of growth. For example, Tamil Nadu’s core sectors such as automobiles, electronics, food processing, heavy engineering, textile and garments, pharmaceuticals, biotechnology; and future drivers such as EVs, medical devices, aerospace and defense, renewable energy. Assessing the impact of economic cooperative arrangements including comprehensive economic partnership agreements, free trade agreements and other regulatory frameworks will be critical.
