10 Reasons to Travel to India
India's growth trajectory has been evident for decades, with sustained progress since the turn of the century. The transformation is not limited to major cities; it is visible throughout the country, propelled by robust infrastructure development, thriving manufacturing, and a strong presence of IT and ITeS companies. The key driver behind this growth has been domestic consumption, positioning India as one of the world's largest consumer societies. India also has a demographic advantage of a young, skilled population that will continue to be the driver for economic growth.
According to the World Bank's April 2023 report, India's growth is supported by substantial investment activity, fueled by the government's emphasis on capital expenditure and buoyant private consumption, especially among higher-income groups.
As reported by the Economic Times, India has set ambitious targets of doubling its current annual GDP from nearly USD 3.5 trillion to USD 7 trillion by 2027, with a further aim of reaching USD 10 trillion by 2030. The International Monetary Fund (IMF) projects India to maintain an average growth rate of 6.1% over the next five years, with India's contribution to global growth expected to be 15% in 2023, paving the way for it to become the world's third-largest economy by 2027.
The IMF has identified India as a "bright spot" and a significant contributor to global growth, estimating that it alone will account for 15% of global growth in 2023.
India's growth can be attributed to a mix of traditional strengths and new opportunities, making it an intriguing destination for contemporary students. The rapid adoption of technology, the emergence of modern cities, the rise of consumer-driven services, and innovative solutions for mass markets make India a fascinating case study. All of this unfolds against the backdrop of a country that is home to diverse religions, languages, and socio-economic divisions.
1. Economic Reforms: The Indian government has been implementing various economic reforms aimed at liberalizing markets, improving ease of doing business, and attracting foreign investment.
2. Digital Revolution: India has witnessed a rapid expansion in digital technology and penetration. The country introduced and has been comfortable digital payments and ecommerce for over a decade. Early adoption combined with innovation has seen a spurt in digital services.
3. Manufacturing Hub: India continues to be the manufacturing centre. With the states as well as the centre adopting friendly policies under the Make in India and Atmanirbhar Bharat initiatives, the country aims at making India a ‘global manufacturing hub’ by promoting domestic production, increasing job opportunities and boosting exports.
4. Entrepreneurial Ecosystem: India has seen a surge in entrepreneurial activities, fostering start-ups and innovation, driven by supportive policies and subsidies. India sees a huge number of Unicorns each year in varied fields from EduTech, eCommerce, Digital Payments, Gaming, Logistics and more.
5. Service Sector Growth: The service sector in India has seen a significant growth, including IT, telecommunications, finance, medicine and hospitality. Adoption of international best practices and availability of educated manpower has strengthened India’s position in this sector.
6. Infrastructure Development: A huge boost in infrastructure spending can be seen in the developments of new highways, an addition of 74 airports, with 200 more planned, increase in broadband access to 816 million people and railways which is adding routes of 4500km every year. New high-speed trains and local metros are being added.
7. Energy Transition an Sustainability: India’s focus on renewable energy and sustainability initiatives can be seen in various sectors. The focus on promoting alternative sources of energy generation also has seen a huge move forward.
8. Non-traditional businesses: India has a huge opportunity to explore non-traditional businesses. From the highly successful ayurvedic wellness brands to small business that catered to local demand.
9. Cultural Exchange: India celebrates it diversity. The opportunity to learn and interact with people from different parts of India fosters cultural exchange and builds networks for future collaborations. It also showcases how companies adapt to local norms to become successful.
10. Exploring History: India’s ancient history can be seen in magnificent monuments that are repository of heritage and culture. Visiting monuments and museums, heritage walks and culinary delights are all part of what make a study trip to India unique.
Apart from the above, India has some great hotels, reliable airlines, excellent transportation, and fantastic guides to make all the operational work on ground seamless.
Best Cities for Study Programs
Mumbai: India’s Financial Capital, Mumbai is a modern city that is home to some of the biggest Indian and international business houses.
Delhi NCR: India’s National Capital Region is a network of large cities where you can visit companies in various sectors from service to production, small business to NGOs.
Bangalore: Known as India’s IT capital, it is here that you can visit some of the biggest names in IT and learn more about how this city changed India’s growth trajectory.
Hyderabad: This ancient city, is today a hub for International companies, both in IT and ITeS as well as consulting. A city that has welcomed international businesses and has been responsible for huge infrastructural growth in the region.
Chennai: A significant South Indian metropolis, Chennai is home to automobile, software services, medical tourism, hardware manufacturing and financial services. Other important industries include petrochemicals, textiles and apparels.