By DEBARCHAN GUHA ( CEO, Pinnacle Corporation)
Kolkata: India has been a manufacturing, IT, Electronics and Medicinal hub for a long time. The bigger factions and conglomerates of INDIA have been generating a lot of employment and opportunities for the country for a long time.
The country has a big population, but sometimes the diaspora of the Indian Subcontinent doesn’t have that much spending power in their hands, the private sector keeps looking for employment, salary growth and also a better lifestyle. In a country where education runs deep and education based facilities and government spending are a mainstay, India has fared very nicely during economic conditions which were turmoil related. Global economic headwinds might have created tensions amid Russia-Ukraine War and disrupted temporarily what the global supply chains are meant for.
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Maritime Trade and Supply, export activities for all countries around the world during challenging times have made everything difficult and tiring. India’s growth story, the main sectors which pushed a lot of percentage of GDP, Trade, Business, Employment and everything that can be calculated or otherwise are the MSME, Manufacturing, Power, Energy, Electronics(Semiconductor), Smartphones, FMCG, FMEG, Medical and Pharmacy, Agriculture(to some extent) and mostly the very good Indian IT Sector.
The human capital index of the country should be carefully observed when taking care of such an experiential moment of a huge big GDP from a developing nation in the likes of China, Japan, USA and Germany. Although there are terse situations where people and human beings might have faced some sort of defeat, a country as a whole is successful in its venture of its growth story. Technology, healthcare and renewable energy are the fastest growing industries in India.