The Business Times
business-time-50

India is ready for take-off

Investors can consider its notable infrastructure buildout, financial sector growth, vast population and clean energy efforts

google-preferred-sourceAdd BT as a preferred source
    • The roll-out of India’s goods and services tax and growing digitalisation of the economy are said to be bringing more people into the formal economy.
    • The roll-out of India’s goods and services tax and growing digitalisation of the economy are said to be bringing more people into the formal economy. PHOTO: BLOOMBERG

    Dina Ting

    Published Sat, Jul 29, 2023 · 05:00 AM

    MANY will have heard the prediction that India will soon become – or already is – the world’s most populous nation, eclipsing China. But population growth is not the only thing taking off in India.

    For instance, a growing middle class means more robust travel demand, and the South Asian nation’s airline business and aviation market is now one of the world’s fastest-growing. Analysts expect related government spending to reach nearly US$12 billion by 2025, with plans to modernise existing facilities as well as build 80 new airports over the coming five years.

    This June, Tata-owned Air India – the country’s largest international carrier – confirmed a landmark commercial jet order of 470 Boeing and Airbus passenger airplanes.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    IndiaSpotlight

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    The changes include more time for single-family offices to hire investment professionals, and less onerous monitoring of minimum AUM in designated investments.

    MAS eases family office tax rules, widens AML checks as Singapore vies for global wealth

    BYD’s rise to become the No 1 passenger-car seller in Singapore can be described as explosive. 

    How BYD disrupted Singapore’s car market – and why the strategy is turning on itself

    The Vietnamese economy has long relied heavily on bank lending, straining commercial banks as they shoulder the bulk of the financing needed by companies and large infrastructure projects.

    Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks

    SGX’s adjusted net profit jumped 25% year on year to S$759.5 million in FY2026.

    SGX’s record year masks Singapore’s equities challenge

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More