With an expanding and increasingly urbanised population, India also has an exceptionally robust base for current and projected consumer consumption. Not only is the subcontinent’s population projected to be the biggest in the world by 2020, the United Nations has also predicted that its population will reach 1.7 billion by 2050. India has an increasingly literate population that is technically qualified enabling it to rapidly turn into a global manufacturing and services hub. Companies as diverse as Boeing, Fiat and Samsung have made major investments in India over recent years; supported in substantial part by official Indian government policy, which is making an already burgeoning economy a hotbed for investment. It is not just the large corporates but also small and medium enterprises that are investing and entering the Indian market owing to these supportive policies and growth opportunities.
The Indian Government is also committed to a programme of infrastructure investment on an unprecedented scale from ports, road and rail infrastructure and metro links through to renewable energy (where India is the fifth largest market). Public housing programmes, in particular ‘Housing for all’ the affordable housing programme, have also received a fresh impetus from recent government initiatives.
And that, in essence, is why we believe India is currently the most exciting Growth Market in the world. It offers the perfect environment for our Mainstream Impact Investment strategies and we are very excited to be part of its future.