Also #1 in students going abroad all across the world to study 
 Also #1 in illegal immigrants outside North America trying to enter into USA and do blue collar jobs illegally  
  
 If you are from tier 3/4 college and working for WITCH or lower level companies.. it doesn’t matter to you.. just keep working for single digit hikes

Management Consultant

How many India do you see in the world dude

Brand marketing manager

Welcome to Indian Startups's Private Community

India are growing 3 largest economic in the world

India are growing 3 largest economic in the world- Grapevine

Welcome to News Discussion's Private Community

- Former US treasury secretary Larry Summers predicts **India** will be the 'most rapidly growing major economy' over the next few years.
- Summers is optimistic about a **six-fold jump** in India's GDP by 2047, crediting Prime Minister Narendra Modi for setting up the necessary infrastructure.
- However, he warns of challenges including geopolitics and the rise of artificial intelligence, which could threaten India's IT industry dominance.
- Jobs remain a 'substantial' challenge, with the growth of AI only increasing this issue.
- Despite a slowdown in the first quarter, India's economy is expected to grow faster at **7.1 percent** in 2024, according to Moody’s Analytics.
 Source: [Moneycontrol](https://www.moneycontrol.com/news/india/india-will-be-most-rapidly-growing-major-economy-over-next-few-years-says-larry-summers-12833009.html)

India Predicted to be Fastest Growing Major Economy

Journalist

- India is rapidly catching up to China in the MSCI emerging markets index, raising questions for global investors about where to allocate their capital.
- Indian stocks have surged, now making up nearly 20% of the index, while China's share has dropped significantly since 2020.
- An upcoming MSCI review could see India's weighting surpass 20%, putting it just behind China and ahead of Taiwan.
- Investors face a dilemma: invest in India's expensive but high-performing market or China's cheaper stocks amid an economic slowdown.
- Domestic investment in Indian equities has been strong, countering foreign outflows and driving up valuations, despite concerns about sustainability. 

 Source: FT

India Closes in on China as Largest Emerging Market

In India, suppressing the real economic and social data on unemployment, health, education, etc., is the cure. So no need to improve anything as everything is world-class already.

Already a fake superpower

Consultant

What opinion will you defend like this?

Investor

The US is in its late stage capitalist phase, a ship that's going to sink for the next 50 years. If you're a young person there it doesn't make sense to work as hard as your Grandpa the reward on average isn't as great. 

India on the other hand is poised to become a great multi-trillion $ economy.

Onto something huge. We're talking like 10x growth of the economy here.

Start-ups that have made it like Razorpay, Swiggy, PayTM, even Cred, if they survive will be really huge as capital in the country, liquidity and lifestyles go up over the next 50 years. 

Be the capitalist, take the risks, make bets, work and stack up promotions and money.

Don't join an Infosys and work 70 hours there, do it for a start up of any scale you believe is going to make it. Or better yet start your own.

Work hard and build in India 🇮🇳

Product Manager

- India's services exports have surged from $53 billion in 2005 to $338 billion in 2023, nearly doubling the global growth rate and forming almost 10% of the national GDP.
- Computer services dominate India's services exports, making up 47% in 2023, while professional consulting has grown at a 17% compound annual growth rate over 18 years.
- The rise of specialized 'global capability centres' in major cities has driven growth, with revenues quadrupling to $46 billion and employee headcount reaching 1.7 million in 2023.
- Goldman Sachs Research forecasts services exports could form up to 12.4% of GDP by 2030, valued at $900 billion, under favorable conditions.
- Challenges include training sufficient technology graduates and managing environmental pressures, particularly in cities like Bengaluru, prompting diversification into other cities. 

 Source: [GS](https://www.goldmansachs.com/insights/articles/how-india-services-economy-became-a-world-leader)

India's Services Economy: A Global Leader

Welcome to Moving Abroad's Private Community

There's obviously the advantages of making more money and having a better lifestyle.

But given the sacrifice on your circle of friends and family in India, is over indexing on just professional outcomes a sensible enough thing to do?

How do you guys think around it?

What's a good mental model to decide between staying in India vs. moving abroad?

Corporate Strategist

1. Migrating PhonePe to India 1B $ in useless tax

2. Like that stupid separation of PhonePe from Flipkart ~0.7B $

3. Now this 3.5B$ just to increase its stake when it was already a majority owner! What's going on?

Why does Walmart keep pumping soo much money even with unnecessary things with Flipkart?

Data engineer

What are your expectations from your future in this country?

India will be the 3rd largest economy when I hit 30. That makes me hopeful.

Growth Manager

..unless either of the two mess up insanely bad

We'll probably get to the #3 spot if things go well. But it seems impossible that we'll ever go beyond that.

Internal reasons that are very hard to fix:-

(1) Our population TFR fell below standard replacement rate in 2023. This means we will not be able to follow the same economic growth trajectory required to reach developed status before population stagnation or declination. This is not a death knell but definitely very VERY bad news.

(2) Our blue-collar workforce skill levels are not only subpar but are slowly falling behind the world standards every year. Much of our youth aim to join government orgs like the Army or the Railways which train for the job later, not before. Despite a national shortage of skilled plumbers, electricians etc, our vocational training orgs have been unsuccessful in attracting people towards these careers as well as churning out skilled workers.

(3) Our bureaucratic environment is extremely slow with pathetic turnaround times on initiatives. This is not government specific and has always been the case so it seems like this will always be. This is not even a problem unique to India as many other countries have been facing this too but it is still a factor that negatively impacts our growth massively.

I wish it was just internal reasons but a large part of it also comes down to both China and US being aggressively great at ensuring their successes:-

(1) Chinese manufacturing seems nearly impossible to overcome - not just for India but also for the US. Yes, we might win over some industries and companies like the US, Vietnam, Thailand etc. have been doing but the amount of autocratic control in China allows them to crush competition easily. Case in point - the recent tussle between India and China on solar manufacturing which China won by autocratically lowering their prices.

(2) If de-dollarisation succeeds, it will benefit China the most because (contd. in comments)

Controversial: India will never overtake China or US

Software Developer

- India is emerging as the next big growth market for consumer goods giants like PepsiCo and Unilever, filling the gap left by China's uneven recovery.
- Companies are targeting India's diverse population and untapped rural market with new flavors and size variants, driven by the country's fast-paced economic growth.
- Major consumer goods firms expect higher government spending, a better monsoon season, and a resurgence in private consumption to boost consumer spending in the coming quarters.
- The combined market share of top multinational companies in India is projected to rise, while their market share in China is expected to decline.
- Consumer goods companies are heavily investing in India with new product launches and packaging upgrades, contrasting with muted growth in China. 

 Source: [Reuters](https://www.reuters.com/markets/asia/pepsico-pg-india-becomes-next-big-growth-bet-china-lags-2024-08-09/)

India Becomes Key Growth Market for Consumer Goods Giants as China Slows

Asking because the majority of population is still living like beggars and enjoying the hate politics. They talk about the golden period which happened thousands of years ago. But today we copy every app that the West makes eg Ola, Flipkart etc. The people who believe that India is now a Vishwa Guru have never went out of their underdeveloped town ever. What a joke

Is India a Vishwa Guru?

The distribution of deposits in scheduled commercial banks(SCBs) across the Indian economy reaffirms that India is fundamentally an ascending world country.

1. Households make up the majority of deposits, a whopping 61.95%, close to ₹11,792,507 crores in SCBs.

It appears that Indian Households are poised as significant potential consumers. It will be interesting to see how startups position themselves towards B2C services and product offerings that appeal to this sector.

2. There is also a significant gender split, with deposits from women roughly being a fifth of the total (20.49%), close to ₹3,900,593 crores. 

This represents a sizeable yet underutilised female demographic, a growth opportunity waiting to be tapped for startups. 
Women centric consumption will become a macro trend as a second order effect. Think maternity care, female hygiene, beauty, women-centric fashion and more.

3. Importantly, the majority of deposits are held in urban and metropolitan centres, cumulating to around 76% of all deposits (around ₹15,270,500 crores). 

It was always obvious that the highest revenue opportunity is in the Indian Metro scene. There exists mainstream relevance and aspiration for folks outside of these spaces. The road to higher likelihood of growth and profitability leads through the Indian Metro.

4. Large deposits for the Non-Financial Corporations at around ₹32,611,52 crores or 17.13% presents an uncanny duality.

On one hand, these corporations are likely competition for startups. But? On the other hand, they can also be viewed as potential clients. 
B2B startups that offer valuable services to these corporations, such as SaaS solutions, stand to gain from this.

5. The Financial Corporations section, represents 5.84% of total deposits (₹1,111,565 crores)

It creates an opportunity for FinTech startups seeking to disrupt or foster partnerships.

Link to RBI data: https://dbie.rbi.org.in/DBIE/dbie.rbi?site=BsrPublications#!21

The Indian Growth Story [2023 Update]

- India has overtaken China in the MSCI All-Country World index, with a weighting of 2.33% compared to China's 2.06%.
- This shift makes India the sixth-largest weighting in the index, driven by strong demand in India's stock market.
- Indian companies are capitalizing on the booming market, with significant IPOs like Ola Electric and Bajaj Housing Finance.
- Over $38bn has been raised in India's equity market this year, the highest in Asia.
- Analysts caution that India's high valuations could reverse if Chinese company valuations recover. 

 Source: [Financial Times](https://www.ft.com/content/72864f6a-8b48-4638-84e1-1da5f03d3484)

India overtakes China in world’s biggest investable stock benchmark

Hello everyone,

I'm Varun, the co-founder of Mesa School of Business. We’re Asia’s first startup focused business school focused on fostering the next generation of startup leaders in India.

Prior to Mesa, I was a Sr. Product Manager at Amazon in Seattle, and did my MBA from Kellogg School of Management.

I'd love to chat with you folks about my journey in building Mesa, my thoughts on higher education, 0-to-1 building, amongst other things.

Ask me anything! :)
I'll be back at 5 pm and start answering.

I'm Varun, Co-Founder at Mesa School of Business. Ask me anything!

Founder

Maharashtra has become the 1st state in India 

To cross $500 billion economy.

For reference the size of the Indian economy in year 2002 was 500 billion.

Maharashtra is further ahead of any state

Software Engineer

When will founders learn that it is almost impossible to make a profitable consumer oriented startup in India.

India is NOT USA. In India, people are not easily going to pay for your service. 

It is just a matter of time before most of them packs their bag.

Gloomy future for 99% of Indian startups

Welcome to Fintech India's Private Community

We all know that majority of analysts and experts are optimistic of Indian Economy. It will be going to be the 10 trillion dollar economy by 2030 as per most. So we can make good amount of money in long term ( 15-20 years ). I am also investing in stock market ( majorly in index funds and self analysed stocks ). Also seeing current developments myself too optimistic about this. Prediction is if BJP wins this election will boost the market. 

But my concern is what if BJP have done huge scam internally which is unknown due to huge control over government currently. And what if that scam bubble break one day. Isn’t this going to make our long term investment to go negative and loose most investments. Even though I have soft corner on BJP, by seeing only ED raids on non-bjp politicians, if non-bjp person joins BJP his scams are waived off. I think this might have given huge advantage to some cunning MLAs and MPs of bjp and they might have done huge scams and one day it may break. 

It’s my thoughts. What all you think? Is there any scam bubble in progress?

India are growing 3 largest economic in the world

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