Your Investment

Destination
Your Partner
In Growth
Economy Business reforms Infrastructure Technology

Startups Innovation Sustainability Inclusivity

New India Factbook 2022-23

 Fastest Growing Large Economy
Largest and most stable democratic regime

75 years of democracy: key achievements

• 100x rise in GDP; currently at USD 3.5 Tn
• 500x rise in per capita income; currently at USD 2,300
• 500x rise in total exports; highest ever exports of USD 660 Bn in 2021-22

Growth rate 5th largest economy; 2nd largest working population

8.7% (FY21-22) jumped 6 positions of 522 Mn with median age of
since 2012 ~29 years

Annual FDI doubled in last 8 years During pandemic, India witnessed

(launch of Make in India in 2014); V-shaped recovery; GDP
USD 35 Bn to USD 84 Bn in a decade contracted 24% in first quarter of
the year before bouncing back to
20% in 4th quarter

New India Factbook 2022-23

 Amrit Kaal: Vision 2047
25-year roadmap for India@100

Economy Per capita income GDP

2nd largest at To grow 10x to Manufacturing GDP to grow 15x to USD 6.2 Tn;
USD 32 Tn USD 20,000 Services GDP to grow 13x to USD 20 Tn

FDI Exports Human capital

To grow 12x to To grow 12x to Largest and youngest working
USD 1Tn USD 8 Tn population with a median age of 29

New India Factbook 2022-23

 Business Reforms

New Corporate Tax Code

Corporate tax reduced; amongst lowest globally
• For existing units - 22%
• For new units - 15%

Production Linked Incentives (PLI)

• Financial incentives worth USD 26 Bn to promote domestic production in 14 sectors

Semicon India Mission

• Financial incentives worth USD 10 Bn to develop semiconductors and display manufacturing ecosystem

Custom Bonded Warehouse

• Duty exempted on domestically manufactured goods for exports

Remissions of Duties and Taxes on Exported Products

• Reimbursement of taxes & duties incurred on exports of goods from India

New India Factbook 2022-23

 Business Reforms

Project Development Cells

• Specialized teams in 29 ministries to handhold investors and offer ready on-the-shelf investible projects

Ease of Doing Business (EoDB)

• 79 positions jump in rank over 5 years, in World Bank’s EoDB ranking; featured in top 3 improvers list
consecutively for 3 years; among top 5 economies for ease of starting new business
• 300+ reforms across 72 action points for state governments to develop investor friendly ecosystem
introduced under Business Reform Action Plan (BRAP)
• 40,000+ compliances reduced to improve industrial ecosystem

National Single Window System (NSWS)

• One stop digital platform for all investor approvals, Centre & State
• Offers GIS enabled repository of industrial grade land available for investors

New India Factbook 2022-23

Business Reforms

PM Gati Shakti – National Master Plan for multi-modal Connectivity

• A GIS based technology platform to improve multimodal connectivity, logistics efficiency & ensure
seamless movement of goods & services

National Logistics Policy

• Aims to reduce logistics costs to GDP and for India to be in top 25 countries in Logistics Performance
Index (LPI) by 2030

Open Network for Digital Commerce (ONDC):

• First-of-its-kind open platform opportunity to expand via e-Commerce by connecting with other
solution partners

e-Rupee
• 1st official digital currency of India launched

New India Factbook 2022-23

 World Class Infrastructure Facilities

Railways #1 Rail network in Asia India now Vision 2047

(70,000 km+ railway track)
8 Bn+ 20 Bn+
7X Projected growth passengers passengers
Urban
Railways by 2047
700 km 7000 km
#2 Road network globally
Highways 145,000 km 290,000 km
40-50 km constructed daily

4X Port handling capacity 2,500 MMTPA+ 15,000 MMTPA+

Ports handling capacity handling capacity
by 2047

7X Increase in trips 200 Mn+ trips 1.5 Bn+ trips

Aviation
by 2047

New India Factbook 2022-23

Industrial Corridors Driving Industrial Efficiency

National Industrial Corridor Programme aims to

develop futuristic industrial cities to compete
with manufacturing and investment benchmarks

11 corridors | 32 projects | 04 phases

India’s pioneering infrastructure programme
developed with PM GatiShakti principles

New India Factbook 2022-23

 International Industrial Cities

Industrial smart cities have been master-planned to international standards

Investment worth ~USD 380+ Mn grounded, across 451+ acres generating

~11,000+ employment

Features of Industrial Cities

Effluent Potable and e-Land
Plug & play Single window Multi-modal
treatment recycled water management
infrastructure clearance connectivity
plants supply system

Reliable Integrated Complete Walk to Environment

24-hour city handholding work clearance Quality
power supply planning support concept obtained living

New India Factbook 2022-23

Technology: Digitally Empowering Indian Society

1.3 Bn people with

#1 Fintech adoption rate
unique digital identity

#2 in Mobile phone users (1.2 Bn); 74 Bn digital transactions worth

Smartphone users (750 Mn) USD 1.6 Tn in CY 2022

1 out of 5 Startup unicorns 2 Bn+ COVID-19 vaccination coverage

from Fintech enabled via CoWIN App

USD 1 Tn digital economy 30x reduction in data cost;

by FY 2025 amongst lowest globally

New India Factbook 2022-23

 World’s 3rd Largest Startup Ecosystem

India contributes 1 out of 10 Unicorns; 107 with

1 total valuation of USD 341 Bn

80 Startups recognized per day – highest globally

Unicorns added in 2021 valued at USD 93 Bn;

44 21 born in 2022 with a valuation of USD 27 Bn

International Startup Bridges – knowledge

15 exchange platform for all startup ecosystem
stakeholders and provides avenues for
collaboration
New India Factbook 2022-23
 Record PE/VC Investments in India
India witnessed 3.8x growth during 2021 to reach ~USD 39 Bn in capital deployed,
while the global growth was just 1.9X

Overview of global VC investments (USD Bn)

11 deals > USD 1 Bn each
3 285% Highest ever deal size
2.5
3x
2
Y-o-Y surge in total fund size
1.5
119% of new VCs launched (2022)
1
89% 93%
USD 266 Mn
0.5 33% Avg. exit deal size
0

Global US UK China India

Growth (2020-21)

New India Factbook 2022-23

 Technology-led Startups across Sectors

684x increase in total funds raised in Agritech Startups &

Agritech 12x rise in total deals from 2014-21

143x increase in total funds raised in Edtech Startups &

Edtech 5x rise in total deals from 2014-21

47x increase in total funds raised in Fintech Startups &

Fintech 7x rise in total deals from 2014-21

20x increase in total funds raised in Enterprisetech Startups &

Enterprisetech 3x rise in total deals from 2014-21

15x increase in total funds raised in Healthtech Startups &

Healthtech 5x rise in total deals from 2014-21

11x increase in total funds raised in Deeptech Startups &

Deeptech 6x rise in total deals from 2014-21

New India Factbook 2022-23 *Numbers are rounded off to whole numbers
 Your Partner in Innovation

Companies with one of their largest R&D centre in India

Largest India Largest design Largest R&D centre

India ranks #1 in R&D centre outside houses Oracle’s centre outside US outside H/Q
Global Innovation South Korea second largest R&D Germany
Index in Central & workforce ̰
Southern Asia region,
jumped 41 positions
Largest global R&D 2nd largest Largest lab Largest R&D facility
centre outside Korea R&D centre outside USA outside US
globally

180 innovation centres in India belong to Fortune 500 companies

New India Factbook 2022-23 *list is not exhaustive

 India's Journey towards Net-zero by 2070

India’s achievements & vision India’s 5 energy commitments (Panchamrit)

4th largest producer of renewable energy Raise non-fossil fuels based energy
& solar power capacity to 500 GW by 2030

#8 Climate Change Performance Index Meet 50% country’s energy requirements

(CCPI 2023) - India at best among G-20 using renewable energy sources by 2030
countries

International Solar Alliance to unlock Net-zero emissions by 2070

USD 1 Tn investment in solar by 2030 in
India
Reduce total projected carbon emission by
Nationally Determined Contribution (NDC) 1 Bn tonnes by 2030
– India’s transition to cleaner energy
during 2021-30 Carbon intensity of GDP to be reduced to
45% by 2030

New India Factbook 2022-23

 ‘LiFE Movement’ for Adoption of
Environment-Conscious Lifestyle Pro-Planet People (P3)
LiFE (Lifestyle for Environment) Mission envisions replacing the prevalent 'use-and-dispose' economy with a
circular economy, which would be defined by mindful and deliberate utilization

Aspirations, social Ease of access, pricing,

pressures, knowledge & Infrastructure Enabling design of choice,
awareness, health, conditions architecture, safety of
income, age, culture, innovation
impact of elders
Mindful
utilization
Simplification of issues & NGO, media, business
solutions, stakeholder policies, legislation &
involvement, time & Facilitators
Learnings regulation, change
collaborators ambassador, technology

New India Factbook 2022-23

Prioritising Inclusivity

Only country which prints 3.2 Mn people received free

every currency note in treatment under Central
braille Government Scheme

478 Mn+ bank accounts USD 188 Mn worth of loans for

opened under Financial micro entrepreneurs; additional
Inclusion Scheme concessional credit during
COVID-19

30 Mn houses built for 593,316 claims paid amounting to

economically weaker ~1.5 Bn under Central Insurance
section Cover Scheme – PMJJBY

New India Factbook 2022-23

From Women Empowerment to
Women-led Development

55% growth in women

Highest number of women
CEOs and MDs in
commercial pilots
corporate in last 5 years

81% women beneficiaries in the Stand-up

90 Mn free gas
India Movement to promote
connections for women
entrepreneurship for marginalized sections

20 Mn houses; 67% solely or jointly owned

by women under ‘Housing for All’ Scheme

New India Factbook 2022-23

Integrative & Holistic Healthcare

Over ~USD 9 Bn outlay for

600+ medical colleges &
strengthening healthcare
8 Mn health professionals
infrastructure; 150,000 health &
wellness centres developed

e-Sanjeevani - largest
Coverage of secondary and tertiary
telemedicine network globally;
procedures of USD 6,070 per annum
80 Mn consultations so far
per family for 500 Mn beneficiaries

International Day of Yoga recognized

10,500 US-FDA & WHO GMP
by United Nations, celebrates the
compliant manufacturing units
restorative healing and inner peace

New India Factbook 2022-23

India’s Strategic Response Against COVID-19
World’s largest vaccination drive
2.2 Bn+ total vaccines administered during 2020-22

Fastest country to administer

180 Mn vaccines
1 Bn vaccines in 9 Months
administered monthly;
via CoWIN; national digital
greater than G7 nations
vaccine registration platform
combined

200 Mn 'Made in India'

25 Mn vaccines administered
vaccines supplied to over 100
in a day
countries through Vaccine Maitri

CoWIN platform offered as a free

5 lakh PPEs manufactured per day
digital public good

New India Factbook 2022-23

 Promoting Regional Development
and Fostering Inclusivity
One-District-One-Product (ODOP) Initiative - Transformational step towards realizing true potential of
a district, fuelling economic growth, generating employment and rural entrepreneurship

Key objectives
Identify products

Find potential buyers

Promote manufacturing,
exports & services

Scale-up manufacturing
1,095 products from 765 notified districts of India,
100+ products GI tagged
New India Factbook 2022-23
 Sources
New India Factbook 2023 | In collaboration with DPIIT, Invest India and EY
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emerging-economies-new-world-bank-report
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https://www.macrotrends.net/countries/IND/india/exports, CEIC Database https://www.ceicdata.com/en/indicator/india/total-exports#:~:text=in%20Oct%202022%3F-
,India%20Total%20Exports%20recorded%2029.8%20USD%20bn%20in%20Oct%202022,table%20below%20for%20more%20data
► India $30 Tn economy by 2047: Piyush Goyal, https://timesofindia.indiatimes.com/city/vadodara/india-will-be-a-30-trillion-economy-by-2047-
goyal/articleshow/95390799.cms
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2047#:~:text=India%20plans%20to%20increase%20its,Indian%20brands%20as%20global%20champions

New India Factbook 2022-23

 Sources
New India Factbook 2023 | In collaboration with DPIIT, Invest India and EY
► Indian economy by 2050: In pursuit to achieve the $30 trillion mark – EY Report, https://www.ey.com/en_in/tax/economy-watch/indian-economy-by-twenty-fifty-in-
pursuit-to-achieve-the-thirty-trillion-dollar-mark
► Airports in India 2010 – MCA, https://www.aai.aero/sites/default/files/AAI_Annual_report_2012_Eng_11jan13.pdf, Total airports in India – Ministry of Civil Aviation,
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► New Airports in India, https://timesofindia.indiatimes.com/india/with-80-new-ones-govt-aims-to-have-220-airports-by-2025/articleshow/90406042.cms
► 100 new airports by 2030, https://www.pratidintime.com/assambusinessnews/india-to-build-100-new-airports-within-10-15-years-suresh-prabhu
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► Roads length – Nitin Gadkari,
https://pib.gov.in/PressReleseDetailm.aspx?PRID=1868080#:~:text=On%20an%20average%2C%2040%20kms,the%20country%2C%20informed%20Shri%20Gadk
ari
► India’s Road Length, https://highwaytogrowth.wordpress.com/2021/10/03/azadi-ka-amrit-mahotsav-75-year-journey-of-transport-sector-morth/
► Roads network in India 1950-2022 – MorTH, https://morth.nic.in/sites/default/files/Annual%20Report%20-%202021%20(English)_compressed.pdf,
https://en.wikipedia.org/wiki/Roads_in_India
► Road network in India – Current 40 Km/ day speed, target 50 Km/ day in 2023, 3% CAGR for last 20 years. Speed 12 Km/ day in 2014 to 40 Km/ day in 2022 (25-
30% rise in 5 years). Assuming road speed to increase 20-25% every 5 years, India is going to construct 5-7 Lakh Km more by 2047 targeting 100 Lakh Km per day,
Nitin Gadkari https://auto.hindustantimes.com/auto/news/govt-targeting-construction-pace-of-50-km-day-for-national-highways-gadkari-41647148345949.html
► Rail network in India, https://ircep.gov.in/AboutUs.html
► Total Rail Network in India – Ministry of Railways, Annual Report, https://indianrailways.gov.in/railwayboard/uploads/directorate/stat_econ/Annual-Reports-2020-
2021/Annual-Report-English.pdf
► Railways Electrification Stats – India Railways Report,
https://indianrailways.gov.in/railwayboard/uploads/directorate/secretary_branches/IR_Reforms/Mission%20100%25%20Railway%20Electrification%20-
%20Moving%20towards%20Net%20Zero%20Carbon%20Emission.pdf
► Traffic by Major Ports in India 1950-2021 (CAGR 4% during 2000 & 2021) – Ministry of Information & Broadcasting,
https://static.pib.gov.in/WriteReadData/specificdocs/documents/2022/sep/doc2022926109301.pdf

New India Factbook 2022-23

 Sources
New India Factbook 2023 | In collaboration with DPIIT, Invest India and EY
► India GDP Growth Comparative Chart – World Bank, https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?end=2021&locations=IN-US-CN-JP-DE-
GB&most_recent_value_desc=false&start=1961&view=chart
► India’s GDP Growth Revised Estimates – World Bank, https://www.worldbank.org/en/news/press-release/2022/12/05/india-better-positioned-to-navigate-global-
headwinds-than-other-major-emerging-economies-new-world-bank-report
► Startup India Action Plan, https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1884256
► India’s GDP Growth as per Economic Survey, https://pib.gov.in/PressReleasePage.aspx?PRID=1793829
► How MNCs would drive India’s vision of a developed nation – EY Report, https://www.ey.com/en_in/tax/how-mncs-would-drive-indias-vision-of-a-developed-nation
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commerce-secretary-11662219309468.html
► India’s working age population – OEDC Data, https://data.oecd.org/pop/working-age-population.htm#indicator-chart
► Exports of goods and services (annual % growth) - India, United States, China, Saudi Arabia, Russian Federation, Germany – World Bank, World Bank national
accounts data, and OECD National Accounts data files, https://data.worldbank.org/indicator/NE.EXP.GNFS.KD.ZG?locations=IN-US-CN-SA-RU-
DE&most_recent_value_desc=false
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EU&most_recent_value_desc=false&start=1970&view=chart
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► Renewable Energy Country Attractiveness Index 2021 – EY, https://www.ey.com/en_in/recai
► India Global Rankings 2022 - https://www.oliveboard.in/blog/indias-ranking-various-indexes/
► PM Gati Shakti – One year achievement, https://static.pib.gov.in/WriteReadData/specificdocs/documents/2022/oct/doc20221013117201.pdf
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► LiFE - Ministry of Environment, Forest and Climate Change, https://pib.gov.in/PressReleasePage.aspx?PRID=1875810
► MSME Champion Scheme, Sustainable Business Model, https://pib.gov.in/PressReleasePage.aspx?PRID=1883732

New India Factbook 2022-23

 Sources
New India Factbook 2023 | In collaboration with DPIIT, Invest India and EY
► MSME Incentives - https://pib.gov.in/PressReleseDetail.aspx?PRID=1779745
► Indian State of Startup Ecosystem, Inc42, https://issuu.com/inc42/docs/the_state_of_indian_startup_ecosystem_report_2022, Funding amount numbers are rounded
off. H1 2022 data is till 30th June 2022
► Bain VC deals database; Pitchbook; Venture Intelligence; AVCJ; VCCEdge, https://www.kalaari.com/wp-content/uploads/2022/04/Bain-India-VC-2022.pdf
► DigiLocker, https://negd.gov.in/digilocker
► NSWS Achievement, https://pib.gov.in/PressReleasePage.aspx?PRID=1881026
► DPIIT Year End Review, Industrial Performance, https://www.pib.gov.in/PressReleseDetailm.aspx?PRID=1884181
► Economic Estimates, India $35-45 Tn economy by 2047, https://economictimes.indiatimes.com/news/india/india-as-an-economy-in-2047-can-be-seen-as-
powerhouse-driving-global-growth-says-piyush-goyal/articleshow/94125899.cms
► Piyush Goyal calls for increasing India's share in global trade to 10%, https://www.business-standard.com/article/economy-policy/piyush-goyal-calls-for-increasing-
india-s-share-in-global-trade-to-10-122030400094_1.html, https://www.livemint.com/news/india/piyush-goyal-calls-for-increasing-india-s-share-in-global-trade-to-10-
11646353537744.html
► India on the path to become powerhouse, driving global growth by 2047, says Union Minister Piyush Goyal, https://newsonair.gov.in/News?title=India-on-the-path-to-
become-a-powerhouse%2C-driving-global-growth-by-2047%2C-says-Union-Minister-Piyush-Goyal&id=447474
► Achieving Sustainable Development Goals, Ministry of Environment, Forest and Climate Change, https://pib.gov.in/PressReleasePage.aspx?PRID=1845823
► Year End Review: Ministry of Environment Forest and Climate Change, Ministry of Environment, Forest and Climate Change,
https://pib.gov.in/PressReleasePage.aspx?PRID=1886051
► PM launches National Logistics Policy, Prime Minister's Office,
https://www.pib.gov.in/PressReleseDetailm.aspx?PRID=1860192#:~:text=%E2%80%9CFrom%2013%2D14%20per%20cent,digit%20as%20soon%20as%20possible
.
► India’s real GDP Growth stands at 8.7% during 2021-22, 1.5% higher than 2019-20 – Ministry of Finance,
https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1847122

New India Factbook 2022-23

 Sources
New India Factbook 2023 | In collaboration with DPIIT, Invest India and EY
► Global trade is expected to grow in line with global GDP over the next decades reaching $100 trillion by 2050 – Trade Finance Global,
https://www.tradefinanceglobal.com/posts/summary-dits-global-trade-outlook-future-of-international-trade/
► Ayushman Bharat Health Account (ABHA), https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1797728
► Production of Electronic Goods, https://pib.gov.in/PressReleasePage.aspx?PRID=1881410
► NITI Aayog Releases Second Edition of India Innovation Index, https://pib.gov.in/PressReleasePage.aspx?PRID=1690487 ,
https://pib.gov.in/Pressreleaseshare.aspx?PRID=1863536, https://www.niti.gov.in/sites/default/files/2022-07/India-Innovation-Index-2021-Web-Version_21_7_22.pdf
► Sustainable Development Core to India’s Development Strategy, https://pib.gov.in/PressReleasePage.aspx?PRID=1693181
► Indian Middle Class Income by 2047, https://www.ice360.in/app/uploads/2022/11/middle-class-brochure-2022.pdf
► India’s FDI 58% last 21 years, https://www.pib.gov.in/PressReleasePage.aspx?PRID=1738170
► DPIIT Year end Review, Industrial Corridors, https://www.pib.gov.in/PressReleasePage.aspx?PRID=1884181
► India now stands committed to reduce Emissions Intensity of its GDP by 45 percent by 2030, https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1847812
► India amongst top 5 best performing countries on Climate Change,
https://www.pib.gov.in/PressReleasePage.aspx?PRID=1878023#:~:text=India%20amongst%20top%205%20best%20performing%20countries%20on%20Climate%2
0Change.&text=Climate%20Change%20Performance%20Index%20(CCPI%202023)%20puts%20India%20at,best%20among%20G%2D20%20countries.&text=Indi
a%20improves%202%20ranks%20in,climate%20change%20policies%20and%20actions.
► Global Innovation Index, Mapped: The Most Innovative Countries in the World in 2022 (visualcapitalist.com)
► Corporate tax rates slashed, Corporate tax rates slashed to 22% for domestic companies and 15% for new domestic manufacturing companies and other fiscal
reliefs (pib.gov.in)

New India Factbook 2022-23

@investindia @invest-india @investindiaofficial