India Poised for Robust Growth This Decade Through Manufacturing and Workforce Development
• India expected to be world's 3rd largest economy by 2030, with 6.4% growth this fiscal year and 7% by 2027 (S&P forecast)
• India recently posted stronger than expected 7.6% GDP growth in Q2 fiscal 2024
• Transition to manufacturing (18% of GDP) from services (over 50% of GDP) a key test for India
• Developing logistics framework important for India to become a manufacturing hub
• Upskilling workforce and increasing female participation needed to realize India’s young “demographic dividend”