{"id":2304,"date":"2020-12-17T16:10:00","date_gmt":"2020-12-17T16:10:00","guid":{"rendered":""},"modified":"2025-11-07T10:42:03","modified_gmt":"2025-11-07T05:12:03","slug":"indias-growth-to-benefit-indian-stock-markets","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/indias-growth-to-benefit-indian-stock-markets\/","title":{"rendered":"India&#8217;s Journey of Growth &#038; Innovation Will Benefit Indian stock markets Too &#8211; Research &#038; Ranking"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\n<p>India &#8211; our country is full of diversity, culture, colours and heritage. We all know this, as our schoolbooks gloriously capture this beauty. But India is much more.<\/p>\n\n\n\n<p>India has been growing rapidly over the past few years, especially post-liberalization in 1991.<\/p>\n\n\n\n<p>Before I talk about this growth, what immensely hurts me is that India&#8217;s image is still often projected as &#8216;land of snake charmers&#8217;.<\/p>\n\n\n\n<p>To this, I remember a beautiful reply by our Prime Minister Narendra Modi in 2019.<\/p>\n\n\n\n<p>&#8220;They are forgetting the fact that India has moved ahead of snake, it is moving ahead with &#8216;mouse&#8217;. They are not snake-charmers anymore, they now use the mouse of a computer.&#8221;<\/p>\n\n\n\n<p>The above statement captures the rapid growth in the IT sector, digital revolution and innovation that India has witnessed over the last few years.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How India has evolved with regards to the innovation, GDP growth, GDP per capita, and industry growth with time?<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">1. Innovation Index<\/h3>\n\n\n\n<p>There are many indices developed to capture the innovation of different countries. To understand how India has performed in terms of innovation capabilities and results, we will take reference of the <a href=\"https:\/\/www.equentis.com\/blog\/key-global-events-that-can-influence-the-stock-market-this-week-3\/\">Global<\/a> Innovation Index (GII) published by Cornell University, Insead. As per GII data, India&#8217;s performance on the world stage concerning innovation is consistently improving. Thanks to the initiatives introduced in recent times (Digital India, <a href=\"https:\/\/www.equentis.com\/blog\/why-startup-investments-are-booming-a-startup-investors-guide\/\">Startup<\/a> India, Atal Innovation Mission), the country&#8217;s innovation ecosystem has had a positive impact.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>\n<p><strong>Year <\/strong><\/p>\n<\/td><td>\n<p><strong>GII Rank <\/strong><\/p>\n<\/td><td>\n<p><strong>Total Countries<\/strong><\/p>\n<\/td><\/tr><tr><td>\n<p>2014<\/p>\n<\/td><td>\n<p>76<\/p>\n<\/td><td>\n<p>143<\/p>\n<\/td><\/tr><tr><td>\n<p>2015<\/p>\n<\/td><td>\n<p>81<\/p>\n<\/td><td>\n<p>141<\/p>\n<\/td><\/tr><tr><td>\n<p>2016<\/p>\n<\/td><td>\n<p>66<\/p>\n<\/td><td>\n<p>128<\/p>\n<\/td><\/tr><tr><td>\n<p>2017<\/p>\n<\/td><td>\n<p>60<\/p>\n<\/td><td>\n<p>127<\/p>\n<\/td><\/tr><tr><td>\n<p>2018<\/p>\n<\/td><td>\n<p>57<\/p>\n<\/td><td>\n<p>126<\/p>\n<\/td><\/tr><tr><td>\n<p>2019<\/p>\n<\/td><td>\n<p>52<\/p>\n<\/td><td>\n<p>129<\/p>\n<\/td><\/tr><tr><td>\n<p>2020<\/p>\n<\/td><td>\n<p>48<\/p>\n<\/td><td>\n<p>131<\/p>\n<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Source: Global Innovation Index<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>\n<p><strong>R&amp;D Expenditure (% of GDP) <\/strong><\/p>\n<\/td><td>\n<p><strong>2000 <\/strong><\/p>\n<\/td><td>\n<p><strong>2005 <\/strong><\/p>\n<\/td><td>\n<p><strong>2010 <\/strong><\/p>\n<\/td><td>\n<p><strong>2015 <\/strong><\/p>\n<\/td><td>\n<p><strong>2018<\/strong><\/p>\n<\/td><\/tr><tr><td>\n<p>World<\/p>\n<\/td><td>\n<p>2.06<\/p>\n<\/td><td>\n<p>1.96<\/p>\n<\/td><td>\n<p>2.02<\/p>\n<\/td><td>\n<p>2.09<\/p>\n<\/td><td>\n<p>2.27<\/p>\n<\/td><\/tr><tr><td>\n<p><strong>India<\/strong><\/p>\n<\/td><td>\n<p><strong>0.75<\/strong><\/p>\n<\/td><td>\n<p><strong>0.82<\/strong><\/p>\n<\/td><td>\n<p><strong>0.78<\/strong><\/p>\n<\/td><td>\n<p><strong>0.69<\/strong><\/p>\n<\/td><td>\n<p><strong>0.65<\/strong><\/p>\n<\/td><\/tr><tr><td>\n<p>China<\/p>\n<\/td><td>\n<p>0.89<\/p>\n<\/td><td>\n<p>1.30<\/p>\n<\/td><td>\n<p>1.71<\/p>\n<\/td><td>\n<p>2.06<\/p>\n<\/td><td>\n<p>2.18<\/p>\n<\/td><\/tr><tr><td>\n<p>Mexico<\/p>\n<\/td><td>\n<p>0.30<\/p>\n<\/td><td>\n<p>0.39<\/p>\n<\/td><td>\n<p>0.49<\/p>\n<\/td><td>\n<p>0.43<\/p>\n<\/td><td>\n<p>0.31<\/p>\n<\/td><\/tr><tr><td>\n<p>Brazil<\/p>\n<\/td><td>\n<p>1.04<\/p>\n<\/td><td>\n<p>1.00<\/p>\n<\/td><td>\n<p>1.16<\/p>\n<\/td><td>\n<p>1.34<\/p>\n<\/td><td>\n<p>1.26*<\/p>\n<\/td><\/tr><tr><td>\n<p>Thailand<\/p>\n<\/td><td>\n<p>0.24<\/p>\n<\/td><td>\n<p>0.21<\/p>\n<\/td><td>\n<p>0.36**<\/p>\n<\/td><td>\n<p>0.61<\/p>\n<\/td><td>\n<p>1.004*<\/p>\n<\/td><\/tr><tr><td>\n<p>Russia<\/p>\n<\/td><td>\n<p>1.05<\/p>\n<\/td><td>\n<p>1.06<\/p>\n<\/td><td>\n<p>1.13<\/p>\n<\/td><td>\n<p>1.10<\/p>\n<\/td><td>\n<p>0.99<\/p>\n<\/td><\/tr><tr><td>\n<p>Argentina<\/p>\n<\/td><td>\n<p>0.43<\/p>\n<\/td><td>\n<p>0.42<\/p>\n<\/td><td>\n<p>0.56<\/p>\n<\/td><td>\n<p>0.62<\/p>\n<\/td><td>\n<p>0.54*<\/p>\n<\/td><\/tr><tr><td>\n<p>South Africa<\/p>\n<\/td><td>\n<p>0.71#<\/p>\n<\/td><td>\n<p>0.86<\/p>\n<\/td><td>\n<p>0.73<\/p>\n<\/td><td>\n<p>0.79<\/p>\n<\/td><td>\n<p>0.83*<\/p>\n<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>* Data for 2017, ** Data for 2011, # Data for 2001&nbsp;&nbsp; Source: World Bank<\/p>\n\n\n\n<p>Irrespective of improvement in GII ranking, its expenditure on research and development presents immense scope for improvement. As seen in the above table, its R&amp;D expenditure is impressive when compared to other developing economies like Mexico and Argentina. However, to mark its footprints on the globe, it needs to work holistically to upwards these trends, which is comparable to the level of BRICS economies.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>2. India&#8217;s Share In Global GDP<\/strong><\/h3>\n\n\n\n<p>India has come a long way &#8211; from a share of 1.70% in 1980 to more than 3% by 2020 in the world GDP.<\/p>\n\n\n\n<p>Here is another exciting data &#8211; In 2000, with a contribution of 1.41% to the world&#8217;s GDP, India ranked 13th based on % share in world GDP. Now, it is ranked 5th. In recent years, it has continued upward trajectory to enter the list of world&#8217;s top 5 economies, even ahead of other countries such as the UK and France.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>\n<p><strong>Rank for FY19 <\/strong><\/p>\n<\/td><td>\n<p><strong>Country <\/strong><\/p>\n<\/td><td>\n<p><strong>GDP (in $ tn) <\/strong><\/p>\n<\/td><td>\n<p><strong>% of Global GDP<\/strong><\/p>\n<\/td><\/tr><tr><td>\n<p>&nbsp;<\/p>\n<\/td><td>\n<p>World GDP<\/p>\n<\/td><td>\n<p>87.5<\/p>\n<\/td><td>\n<p>100<\/p>\n<\/td><\/tr><tr><td>\n<p>1<\/p>\n<\/td><td>\n<p>US<\/p>\n<\/td><td>\n<p>21.4<\/p>\n<\/td><td>\n<p>24.5<\/p>\n<\/td><\/tr><tr><td>\n<p>2<\/p>\n<\/td><td>\n<p>China<\/p>\n<\/td><td>\n<p>14.3<\/p>\n<\/td><td>\n<p>16.3<\/p>\n<\/td><\/tr><tr><td>\n<p>3<\/p>\n<\/td><td>\n<p>Japan<\/p>\n<\/td><td>\n<p>5.1<\/p>\n<\/td><td>\n<p>5.8<\/p>\n<\/td><\/tr><tr><td>\n<p>4<\/p>\n<\/td><td>\n<p>Germany<\/p>\n<\/td><td>\n<p>3.9<\/p>\n<\/td><td>\n<p>4.5<\/p>\n<\/td><\/tr><tr><td>\n<p>5<\/p>\n<\/td><td>\n<p>India<\/p>\n<\/td><td>\n<p>2.9<\/p>\n<\/td><td>\n<p>3.3<\/p>\n<\/td><\/tr><tr><td>\n<p>6<\/p>\n<\/td><td>\n<p>UK<\/p>\n<\/td><td>\n<p>2.8<\/p>\n<\/td><td>\n<p>3.2<\/p>\n<\/td><\/tr><tr><td>\n<p>7<\/p>\n<\/td><td>\n<p>France<\/p>\n<\/td><td>\n<p>2.7<\/p>\n<\/td><td>\n<p>3.1<\/p>\n<\/td><\/tr><tr><td>\n<p>8<\/p>\n<\/td><td>\n<p>Italy<\/p>\n<\/td><td>\n<p>2.0<\/p>\n<\/td><td>\n<p>2.3<\/p>\n<\/td><\/tr><tr><td>\n<p>9<\/p>\n<\/td><td>\n<p>Brazil<\/p>\n<\/td><td>\n<p>1.8<\/p>\n<\/td><td>\n<p>2.1<\/p>\n<\/td><\/tr><tr><td>\n<p>10<\/p>\n<\/td><td>\n<p>Canada<\/p>\n<\/td><td>\n<p>1.7<\/p>\n<\/td><td>\n<p>1.9<\/p>\n<\/td><\/tr><tr><td>\n<p>&nbsp;<\/p>\n<\/td><td>\n<p>Top 10 countries<\/p>\n<\/td><td>\n<p>58.6<\/p>\n<\/td><td>\n<p>67.0<\/p>\n<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>#3. GDP Per Capita<\/strong><\/p>\n\n\n\n<p>In simple terms, GDP Per Capita of a country is nothing but a measure of a country&#8217;s economic output that accounts for its number of people. It is calculated as the GDP of a country divided by its population. Though China registered the fastest growth of 13% over the last 28 years, India has been growing at a rapid rate of 7% as compared to other emerging economies such as Russia, Brazil and Mexico.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>\n<p><strong>&nbsp; <\/strong><\/p>\n<\/td><td>\n<p><strong>1991 <\/strong><\/p>\n<\/td><td>\n<p><strong>1995 <\/strong><\/p>\n<\/td><td>\n<p><strong>2000 <\/strong><\/p>\n<\/td><td>\n<p><strong>2005 <\/strong><\/p>\n<\/td><td>\n<p><strong>2010 <\/strong><\/p>\n<\/td><td>\n<p><strong>2015 <\/strong><\/p>\n<\/td><td>\n<p><strong>2019 <\/strong><\/p>\n<\/td><td>\n<p><strong>Avg growth rate<br>in last 28 years<\/strong><\/p>\n<\/td><\/tr><tr><td>\n<p>India<\/p>\n<\/td><td>\n<p>303<\/p>\n<\/td><td>\n<p>373<\/p>\n<\/td><td>\n<p>443<\/p>\n<\/td><td>\n<p>714<\/p>\n<\/td><td>\n<p>1357<\/p>\n<\/td><td>\n<p>1605<\/p>\n<\/td><td>\n<p>2104<\/p>\n<\/td><td>\n<p>7%<\/p>\n<\/td><\/tr><tr><td>\n<p>Russia<\/p>\n<\/td><td>\n<p>3490<\/p>\n<\/td><td>\n<p>2665<\/p>\n<\/td><td>\n<p>1771<\/p>\n<\/td><td>\n<p>5323<\/p>\n<\/td><td>\n<p>10674<\/p>\n<\/td><td>\n<p>9313<\/p>\n<\/td><td>\n<p>11584<\/p>\n<\/td><td>\n<p>4%<\/p>\n<\/td><\/tr><tr><td>\n<p>Mexico<\/p>\n<\/td><td>\n<p>3661<\/p>\n<\/td><td>\n<p>3928<\/p>\n<\/td><td>\n<p>7157<\/p>\n<\/td><td>\n<p>8277<\/p>\n<\/td><td>\n<p>9271<\/p>\n<\/td><td>\n<p>9605<\/p>\n<\/td><td>\n<p>9863<\/p>\n<\/td><td>\n<p>4%<\/p>\n<\/td><\/tr><tr><td>\n<p>Brazil<\/p>\n<\/td><td>\n<p>3975<\/p>\n<\/td><td>\n<p>4748<\/p>\n<\/td><td>\n<p>3749<\/p>\n<\/td><td>\n<p>4790<\/p>\n<\/td><td>\n<p>11286<\/p>\n<\/td><td>\n<p>8814<\/p>\n<\/td><td>\n<p>8717<\/p>\n<\/td><td>\n<p>3%<\/p>\n<\/td><\/tr><tr><td>\n<p>Thailand<\/p>\n<\/td><td>\n<p>1716<\/p>\n<\/td><td>\n<p>2846<\/p>\n<\/td><td>\n<p>2007<\/p>\n<\/td><td>\n<p>2894<\/p>\n<\/td><td>\n<p>5076<\/p>\n<\/td><td>\n<p>5840<\/p>\n<\/td><td>\n<p>7808<\/p>\n<\/td><td>\n<p>6%<\/p>\n<\/td><\/tr><tr><td>\n<p>US<\/p>\n<\/td><td>\n<p>24342<\/p>\n<\/td><td>\n<p>28690<\/p>\n<\/td><td>\n<p>36334<\/p>\n<\/td><td>\n<p>44114<\/p>\n<\/td><td>\n<p>48467<\/p>\n<\/td><td>\n<p>56822<\/p>\n<\/td><td>\n<p>65118<\/p>\n<\/td><td>\n<p>4%<\/p>\n<\/td><\/tr><tr><td>\n<p>China<\/p>\n<\/td><td>\n<p>333<\/p>\n<\/td><td>\n<p>609<\/p>\n<\/td><td>\n<p>959<\/p>\n<\/td><td>\n<p>1753<\/p>\n<\/td><td>\n<p>4550<\/p>\n<\/td><td>\n<p>8066<\/p>\n<\/td><td>\n<p>10261<\/p>\n<\/td><td>\n<p>13%<\/p>\n<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>#4. Ease Of Doing Business<\/strong><\/p>\n\n\n\n<p>This rank is based on various indicators such as &#8211; regulation and laws for starting a business, construction permits, registering property, getting credit, paying taxes, getting electricity, trading across borders amongst many others.<\/p>\n\n\n\n<p>The country ranked 77th among 190 countries in 2018. Sustained economic reforms to address the business challenges, helped India earn applause from the world and jump to 63rd place in 2019.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>\n<p><strong>Ease of doing<br>business <\/strong><\/p>\n<\/td><td>\n<p><strong>2011 <\/strong><\/p>\n<\/td><td>\n<p><strong>2012 <\/strong><\/p>\n<\/td><td>\n<p><strong>2013 <\/strong><\/p>\n<\/td><td>\n<p><strong>2014 <\/strong><\/p>\n<\/td><td>\n<p><strong>2015 <\/strong><\/p>\n<\/td><td>\n<p><strong>2016 <\/strong><\/p>\n<\/td><td>\n<p><strong>2017 <\/strong><\/p>\n<\/td><td>\n<p><strong>2018 <\/strong><\/p>\n<\/td><td>\n<p><strong>2019<\/strong><\/p>\n<\/td><\/tr><tr><td>\n<p>India\\&#8217;s rank<\/p>\n<\/td><td>\n<p>132<\/p>\n<\/td><td>\n<p>131<\/p>\n<\/td><td>\n<p>134<\/p>\n<\/td><td>\n<p>134<\/p>\n<\/td><td>\n<p>131<\/p>\n<\/td><td>\n<p>130<\/p>\n<\/td><td>\n<p>100<\/p>\n<\/td><td>\n<p>77<\/p>\n<\/td><td>\n<p>63<\/p>\n<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>#5. From Traditional to Modern <\/strong><\/p>\n\n\n\n<p>Talking about India, India has come a long way. While agriculture generated approx. 60% of the country&#8217;s employment opportunities in 2000, the people employed in this sector stands at 41.5% today.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>\n<table width=\"\\&quot;300\\&quot;\">\n<tbody>\n<tr>\n<td colspan=\"\\&quot;4\\&quot;\">\n<p><strong>% of total employment<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>&nbsp;<\/p>\n<\/td>\n<td>\n<p>2000<\/p>\n<\/td>\n<td>\n<p>2010<\/p>\n<\/td>\n<td>\n<p>2020<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>Agriculture<\/p>\n<\/td>\n<td>\n<p>60%<\/p>\n<\/td>\n<td>\n<p>51%<\/p>\n<\/td>\n<td>\n<p>42%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>Services<\/p>\n<\/td>\n<td>\n<p>24%<\/p>\n<\/td>\n<td>\n<p>27%<\/p>\n<\/td>\n<td>\n<p>32%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>Industry<\/p>\n<\/td>\n<td>\n<p>16%<\/p>\n<\/td>\n<td>\n<p>22%<\/p>\n<\/td>\n<td>\n<p>26%<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td><td>\n<p><strong>% of total employment<\/strong><\/p>\n<\/td><td>\n<p>&nbsp;<\/p>\n<\/td><td>\n<p>2000<\/p>\n<\/td><td>\n<p>2010<\/p>\n<\/td><td>\n<p>2020<\/p>\n<\/td><td>\n<p>Agriculture<\/p>\n<\/td><td>\n<p>60%<\/p>\n<\/td><td>\n<p>51%<\/p>\n<\/td><td>\n<p>42%<\/p>\n<\/td><td>\n<p>Services<\/p>\n<\/td><td>\n<p>24%<\/p>\n<\/td><td>\n<p>27%<\/p>\n<\/td><td>\n<p>32%<\/p>\n<\/td><td>\n<p>Industry<\/p>\n<\/td><td>\n<p>16%<\/p>\n<\/td><td>\n<p>22%<\/p>\n<\/td><td>\n<p>26%<\/p>\n<\/td><td>\n<table width=\"\\&quot;300\\&quot;\">\n<tbody>\n<tr>\n<td colspan=\"\\&quot;4\\&quot;\">\n<p><strong>Value added, % of GDP<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>&nbsp;<\/p>\n<\/td>\n<td>\n<p>2000<\/p>\n<\/td>\n<td>\n<p>2010<\/p>\n<\/td>\n<td>\n<p>2019<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>Agriculture and allied<\/p>\n<\/td>\n<td>\n<p>22%<\/p>\n<\/td>\n<td>\n<p>17%<\/p>\n<\/td>\n<td>\n<p>16%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>Services<\/p>\n<\/td>\n<td>\n<p>43%<\/p>\n<\/td>\n<td>\n<p>45%<\/p>\n<\/td>\n<td>\n<p>50%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>Manufacturing<\/p>\n<\/td>\n<td>\n<p>16%<\/p>\n<\/td>\n<td>\n<p>17%<\/p>\n<\/td>\n<td>\n<p>14%<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td><td>\n<p><strong>Value added, % of GDP<\/strong><\/p>\n<\/td><td>\n<p>&nbsp;<\/p>\n<\/td><td>\n<p>2000<\/p>\n<\/td><td>\n<p>2010<\/p>\n<\/td><td>\n<p>2019<\/p>\n<\/td><td>\n<p>Agriculture and allied<\/p>\n<\/td><td>\n<p>22%<\/p>\n<\/td><td>\n<p>17%<\/p>\n<\/td><td>\n<p>16%<\/p>\n<\/td><td>\n<p>Services<\/p>\n<\/td><td>\n<p>43%<\/p>\n<\/td><td>\n<p>45%<\/p>\n<\/td><td>\n<p>50%<\/p>\n<\/td><td>\n<p>Manufacturing<\/p>\n<\/td><td>\n<p>16%<\/p>\n<\/td><td>\n<p>17%<\/p>\n<\/td><td>\n<p>14%<\/p>\n<\/td><\/tr><tr><td>\n<p><strong>% of total employment<\/strong><\/p>\n<\/td><\/tr><tr><td>\n<p>&nbsp;<\/p>\n<\/td><td>\n<p>2000<\/p>\n<\/td><td>\n<p>2010<\/p>\n<\/td><td>\n<p>2020<\/p>\n<\/td><\/tr><tr><td>\n<p>Agriculture<\/p>\n<\/td><td>\n<p>60%<\/p>\n<\/td><td>\n<p>51%<\/p>\n<\/td><td>\n<p>42%<\/p>\n<\/td><\/tr><tr><td>\n<p>Services<\/p>\n<\/td><td>\n<p>24%<\/p>\n<\/td><td>\n<p>27%<\/p>\n<\/td><td>\n<p>32%<\/p>\n<\/td><\/tr><tr><td>\n<p>Industry<\/p>\n<\/td><td>\n<p>16%<\/p>\n<\/td><td>\n<p>22%<\/p>\n<\/td><td>\n<p>26%<\/p>\n<\/td><\/tr><tr><td>\n<p><strong>Value added, % of GDP<\/strong><\/p>\n<\/td><\/tr><tr><td>\n<p>&nbsp;<\/p>\n<\/td><td>\n<p>2000<\/p>\n<\/td><td>\n<p>2010<\/p>\n<\/td><td>\n<p>2019<\/p>\n<\/td><\/tr><tr><td>\n<p>Agriculture and allied<\/p>\n<\/td><td>\n<p>22%<\/p>\n<\/td><td>\n<p>17%<\/p>\n<\/td><td>\n<p>16%<\/p>\n<\/td><\/tr><tr><td>\n<p>Services<\/p>\n<\/td><td>\n<p>43%<\/p>\n<\/td><td>\n<p>45%<\/p>\n<\/td><td>\n<p>50%<\/p>\n<\/td><\/tr><tr><td>\n<p>Manufacturing<\/p>\n<\/td><td>\n<p>16%<\/p>\n<\/td><td>\n<p>17%<\/p>\n<\/td><td>\n<p>14%<\/p>\n<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Over the last few years, India&#8217;s dependence on the services and manufacturing industry has been growing at a steady pace. This transition from the traditional sector (agriculture) to the modern industry (services + manufacturing) will act as a significant catalyst for Make in India and other government initiatives. This in turn will propel growth and development for the country.<\/p>\n\n\n\n<p><strong>Projections Going Forward<\/strong><\/p>\n\n\n\n<p>India&#8217;s growth trajectory till now has been quite impressive. But why I am telling you all this?<\/p>\n\n\n\n<p>Considering India&#8217;s GDP growth, I have been hearing a lot of negative news that India&#8217;s growth has been impeded and $5 trillion economy is a distant dream. I agree that $5 trillion milestone has been postponed a bit, however, considering the on-ground activities, we are well-placed for the next phase of growth.<\/p>\n\n\n\n<p>The growth story of India remains robust and resilient due to faster than expected recovery, economic reforms, demographic dividend of the country, digital transformation, employment opportunities backed by Skill India, Make In India and government&#8217;s vision to adopt China Plus One Strategy.<\/p>\n\n\n\n<p>The growth on the world stage has been impressive until now. Backed by robust fundamentals, India is expected to grow leaps and bounds over the coming years. And with many high-frequency data points such as manufacturing PMI, services PMI, GST collections, auto sales, etc. back to pre-covid levels, there\\&#8217;s no reason why we cannot replicate the same growth (mentioned above) as we did in previous years.<\/p>\n\n\n\n<p>Goldman Sachs revised FY21 India&#8217;s growth forecast upwards at -10.3%. The initial forecast was a contraction of 14.8%. However, in its global economic analysis report titled &#8216;V(accine)-Shaped Recovery&#8217;, Goldman Sachs also forecast India&#8217;s FY22 GDP growth at 7.3%, which is one of the highest among the world&#8217;s top 10 economies. Isn&#8217;t that an encouraging news?<\/p>\n\n\n\n<p>Having talked about the economy and its growth saga, why should an Indian investor care about all this?<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Indian stock markets will always follow the Indian economy<\/h2>\n\n\n\n<p>If the economy grows, quality businesses will surely have to grow and in turn the Indian stock markets will also grow. And to gain the most out of this, the mantra is simple &#8211; Invest in Companies That Drive This Growth.<\/p>\n\n\n\n<p>To make things easy for you, our team of experts have created a <a href=\"https:\/\/www.equentis.com\/blog\/best-multibagger-stocks-for-2022\/\">list of 20-25 multibagger stocks<\/a> after detailed research. Yes, these are the stocks which will grow by 4-5 times over the next 5-6 years as India grows.<a href=\"https:\/\/www.equentis.com\/investment-advisory\/5in5-wealth-creation\"> Click here<\/a> to invest in them.<\/p>\n\n\n\t\t<div data-elementor-type=\"section\" data-elementor-id=\"9185\" class=\"elementor elementor-9185\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e92a158 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e92a158\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-65b41f6\" data-id=\"65b41f6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a613ee7 elementor-widget elementor-widget-shortcode\" data-id=\"a613ee7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\t\t<div data-elementor-type=\"section\" data-elementor-id=\"6844\" class=\"elementor elementor-6844\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2efdbd0d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2efdbd0d\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-783deaaa\" data-id=\"783deaaa\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c60a2cc elementor-widget elementor-widget-heading\" data-id=\"c60a2cc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Related investing topics<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-3e3de9dd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3e3de9dd\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-40fd5db7\" data-id=\"40fd5db7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-757ca8cb ekit-equal-height-enable elementor-widget elementor-widget-elementskit-icon-box\" data-id=\"757ca8cb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"elementskit-icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"ekit-wid-con\" >        <!-- link opening -->\n                <a href=\"https:\/\/blog.researchandranking.com\/how-to-invest-in-share-market-guide\/\" class=\"ekit_global_links\" target=\"_blank\" rel=\"noopener\">\n                <!-- end link opening -->\n\n        <div class=\"elementskit-infobox text- text- icon-lef-right-aligin elementor-animation-  gradient-active  hover_from_left\">\n                        <div class=\"box-body\">\n                            <h3 class=\"elementskit-info-box-title\">\n                    How to Invest in Share Market?                <\/h3>\n                        \t\t  \t<p>Considering the volatility, investing in stock markets is both an art and science.<\/p>\n                                <\/div>\n        \n        \n                <\/div>\n                <\/a>\n        <\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-601073c\" data-id=\"601073c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8b38507 ekit-equal-height-enable elementor-widget elementor-widget-elementskit-icon-box\" data-id=\"8b38507\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"elementskit-icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"ekit-wid-con\" >        <!-- link opening -->\n                <a href=\"https:\/\/blog.researchandranking.com\/looking-for-one-multi-bagger-today-here-are-54-that-multiplied-investors-wealth\/\" class=\"ekit_global_links\" target=\"_blank\" rel=\"noopener\">\n                <!-- end link opening -->\n\n        <div class=\"elementskit-infobox text- text- icon-lef-right-aligin elementor-animation-  gradient-active  hover_from_left\">\n                        <div class=\"box-body\">\n                            <h3 class=\"elementskit-info-box-title\">\n                    5 Best Places To Live After Retirement In India                <\/h3>\n                        \t\t  \t<p>While some retired people set sail on voyages worldwide, others look forward to spending their time in relaxation and comfort.<\/p>\n                                <\/div>\n        \n        \n                <\/div>\n                <\/a>\n        <\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-7e5723c\" data-id=\"7e5723c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-551526b ekit-equal-height-enable elementor-widget elementor-widget-elementskit-icon-box\" data-id=\"551526b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"elementskit-icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"ekit-wid-con\" >        <!-- link opening -->\n                <a href=\"https:\/\/blog.researchandranking.com\/90-percent-lose-money-in-stocks\/\" class=\"ekit_global_links\" target=\"_blank\" rel=\"noopener\">\n                <!-- end link opening -->\n\n        <div class=\"elementskit-infobox text- text- icon-lef-right-aligin elementor-animation-  gradient-active  hover_from_left\">\n                        <div class=\"box-body\">\n                            <h3 class=\"elementskit-info-box-title\">\n                    90% People Lose Money in Stocks?                <\/h3>\n                        \t\t  \t<p>Isn't it shocking? But it is a fact. There are countless reasons why investors lose money in stock markets.<\/p>\n                                <\/div>\n        \n        \n                <\/div>\n                <\/a>\n        <\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-6dc0c61\" data-id=\"6dc0c61\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-eb5233e ekit-equal-height-enable elementor-widget elementor-widget-elementskit-icon-box\" data-id=\"eb5233e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"elementskit-icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"ekit-wid-con\" >        <!-- link opening -->\n                <a href=\"https:\/\/blog.researchandranking.com\/is-long-term-investing-always-safe\/\" class=\"ekit_global_links\" target=\"_blank\" rel=\"noopener\">\n                <!-- end link opening -->\n\n        <div class=\"elementskit-infobox text- text- icon-lef-right-aligin elementor-animation-  gradient-active  hover_from_left\">\n                        <div class=\"box-body\">\n                            <h3 class=\"elementskit-info-box-title\">\n                    Is Long Term Investing Always Safe?                <\/h3>\n                        \t\t  \t<p>Let\u2019s understand what long-term means before we explain why Long Term Investing may not always be safe.<\/p>\n                                <\/div>\n        \n        \n                <\/div>\n                <\/a>\n        <\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t\n\n\n\n<p><strong>Read more: &nbsp;<a href=\"https:\/\/timesofindia.indiatimes.com\/blogs\/voices\/long-term-investing-helps-create-life-changing-wealth\" target=\"_blank\" rel=\"noreferrer noopener\">How Long-term investing helps create life-changing wealth \u2013 TOI<\/a>.&nbsp;<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>India &#8211; our country is full of diversity, culture, colours and heritage. We all know this, as our schoolbooks gloriously [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":2305,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[10],"tags":[],"class_list":["post-2304","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/2304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/comments?post=2304"}],"version-history":[{"count":1,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/2304\/revisions"}],"predecessor-version":[{"id":61802,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/2304\/revisions\/61802"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media\/2305"}],"wp:attachment":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media?parent=2304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/categories?post=2304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/tags?post=2304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}