A noteworthy case to point is the investment in digital payments infrastructure UPI, which has revolutionalized the way money flows between businesses and consumers. The establishment of OCEN (Open Credit Establishment Network) democratizes the access to credit through digitalization, which strengthens to financial power of MSME’s and credit-borrowers in rural areas. Further, the incorporation of ONDC (Open Network Digital Commerce) creates a level playing-field by democratizing commerce and breaking the monopoly held by large corporations, empowering MSME’s and smaller businesses.
The developments in the capital markets is another sign of significant progress. The National Stock Exchange and Bombay Stock Exchange lay at the heart of Indian capitalism, increasing valuations of companies, thereby creating collective value for domestic and foreign investors. Corporations have several ways to raise capital and allocate resources, institutional investors have greater choice in asset classes. Cross-border capital flows have increased whatsapp mobile number list multiple times over the past decades. , faith in Indian markets has risen. The pursuit of profits and prospect for growth makes India the standalone destination for foreign investments. Strong policies and an increased fiscal consolidation backed by an efficient bureaucracy is a sign of the commitment to growth. Greater financial inclusion and formalisation of credit extension puts the Indian economy in a favourable environment for strong growth. Business and Markets.
The emergence of the free-market enterprise driven by a resilient value chain and a consumer driven business ecosystem has radically transformed the country’s economic framework, serving as the backbone of the economy. Privatization and Liberalisation schemes have strengthened private enterprises, which accelerates the India Growth Story. A noteworthy case to point is the privatization of Air India in recent times, which has increased the company’s market share and brought about rapid expansion plans in the domestic business, as well as cargo shipments. Another major driver of economic growth.