The future of the Indian economy is looking bright. Rising investments from overseas are indicating towards the strong fundamentals of the Indian market. Jagannadham Thunuguntla, Head of Research and Chief Strategist, SMC Global Securities Limited shares his views on India as an investment destination, road ahead for the Indian economy and the importance of Brand India in an exclusive interaction with IBEF.
How do you view India as an investment destination?
India is a consumption based economy and not heavily dependent on exports. Some of the key features that make India attractive are its possible favourable government policies and immensely talented work force available at much lower cost in comparison to the other developed nations. Infrastructure development is the focus area of our government and is fast developing. This also makes India an attractive investment destination. India is enriched with some big corporate houses (both in public and private sector) that command international standards and are currently available at the attractive valuations. Also industries such as service sector, manufacturing, infrastructure, information technology (IT), and information technology enabled services (ITeS) have huge growth potential making India an attractive investment destination.
What are your thoughts on road ahead for the Indian economy?
The recent elections results have more to speak; the new government is expected to work on economic revival, investment cycle turnaround and to boost the corporate earnings. The long term growth story for the country is still intact on the back of country’s demographic transition. The stable and business friendly government at the centre is expected to deliver more on the policy reform front and efforts will be made to remove the policy bottleneck and bring back the economy on the fast growth track.
How important is Brand India for the world today?
In modern day world, branding is a critical component for products, companies and even nations. It defines a nation’s image, understanding and prospective before outside world. It adds aspirational and inspirational drive for the citizens to elevate their productivity standards to meet such renewed image of Brand India.