Is India Prepared to be an Investment Destination Among Asian Countries?

Abstract

India represents one-sixth of the world's population (UNFPA), and today, the country is the third-largest economy in purchasing power parity. India is the sixth-largest economy, even when measured by the nominal exchange rate of the dollar. It has grown at an average annual rate of 7% over the past 40 years, increasing from $189 billion in 1980 to nearly $3 trillion today. India faces numerous challenges in achieving its growth path. India needs to focus on quality over quantity, reform its policies, and execute them to achieve tangible outcomes. In this study, our objective is to identify the key areas for reform that will help India prepare as an investment destination among Asian countries.