current economic scenario india
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Current Economic Scenario
Global slowdown – beginning of a Power shift away from West Temporary brakes in Indian Growth story – High Inflation,
Political uncertainty Investments cut-backs, Project postponement &
Cancellation
Business Imperatives - Money is scarce – Precise prioritization Not Just Doing Projects right but doing Right Projects Very little Margin for error – High efficiency in Project
Execution Budget extremely tight – Do more with less & Do it faster Expediency to manage complexity in Project Finance & Cash
flow
GD
P, In
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ion
Rat
es &
C
urr
ency
Advantage India
Indian Demography relatively young – 50 crore population below age of 20.
Dependency ratio 66% currently which will decline to 55% in next 15 yrs – i.e Population in working age group to increase by 22 crores.
Macro-economically speaking - More working people – more savings rate – more investment or capital formation – Higher GDP growth in the coming years.
Creation of 22 crore new jobs in next 15 years – Imperative challenge
Notwithstanding temporary slow-down – our Economy has no option but to simply race ahead
Demographic Dividend
Approximately 220 Million population will reach employable age in forth Coming years.