{"product_id":"india-s-macroeconomic-environment-outlook-2021","title":"India’s Macroeconomic Environment Outlook, 2021","description":"\u003cp\u003eIndia’s Macroeconomic Environment Outlook, 2021\u003c\/p\u003e\n\n\n\n\u003cp\u003eThe Indian economy was forecast to record an 11.3% growth in 2021-22, based on prevailing conditions in March 2021. Since then, however, the economic outlook has changed with the start of the 2nd wave of COVID-19. Consequently, a 9.4% growth is anticipated in 2021-22. However, this forecast is subject to changes based on the evolution of the 2nd wave, government responses to the same, and the performance of the economy in the post-lockdown period.\u003c\/p\u003e\n\n\n\n\u003cp\u003eThis Frost \u0026amp; Sullivan research service is designed to provide insight into India’s growth trajectory for the next 4 quarters and shed light on the implications of the 2021-22 Budget, the recently launched Production Linked Incentive (PLI) Scheme, and ongoing and impending structural reforms, among other aspects that will highlight the country's near-term economic prospects and outlook.\u003c\/p\u003e\n\n\n\n\u003cp\u003eOne of the important ramifications of the global pandemic has been the shift in global supply chains. China’s position as a go-to manufacturing location has weakened, and producers are looking to diversify outside the country. India has emerged as an alternative, and this will fuel the government’s vision of boosting domestic production. In this regard, the government launched the PLI Scheme in 2020, which aims to attract foreign supply chains. However, India’s attractiveness as an investment destination has been dented in the short term due to a 2nd wave of the virus; nevertheless, investor interest in the country will grow as the number of cases reduces, as central and state governments offer incentives to support manufacturing, and as structural reforms are implemented.\u003c\/p\u003e\n\n\n\n\u003cp\u003eStructural reforms are a priority for the government - evidenced by reforms such as disinvestment and the establishment of bad banks (announced in the recent budget). Mining reforms were also cleared, and they will augment mining production and curtail imports. The government is also working on a national logistics policy that will slash logistics costs.\u003c\/p\u003e\n\n\n\n\u003cp\u003eSome of the key industries that have received a boost from the pandemic include eCommerce and EdTech. eCommerce growth will soon spill over into the B2B space. Furthermore, the cold-chain industry stands to benefit from India’s eGroceries boom and the potential large-scale vaccination program.\u003c\/p\u003e\n\n\n\n\u003cp\u003eInvestors should look out for new government incentives to spur manufacturing. It is important to drive economic recovery after the second wave subsides and lockdowns are eased. Opportunities for privatization will open up as the government has indicated a long-term vision of industry-wide privatization, barring a few strategic sectors.\u003c\/p\u003e\n\n\n\n\u003cp\u003eKEY ISSUES ADDRESSED\u003c\/p\u003e\n\n\n\n\u003cp\u003eWhat is India’s Q1-Q4 2021-22 growth outlook? How will the country’s growth compare with the growth of the major economies?\u003c\/p\u003e\n\n\u003cp\u003eWho are the winners and losers in Budget 2021-22?\u003c\/p\u003e\n\n\u003cp\u003eWhat are the key near-term growth drivers and restraints to the Indian economy?\u003c\/p\u003e\n\n\u003cp\u003eHow will global trends and events, such as rising oil prices and a change in the US administration, impact India?\u003c\/p\u003e\n\n\u003cp\u003eWhat is the outlook for India’s manufacturing sector?\u003c\/p\u003e","brand":"Technology \u0026 Media","offers":[{"title":"June, 2021 \/ 33 Pages \/ MCW16284354","offer_id":47712920273202,"sku":null,"price":2940.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/india-s-macroeconomic-environment-outlook-2021","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}