Blog 106: India's Economic Progress in Last 10 Years.

India's Growth Highlights in Last Decade:

1.Stock market Growth:

Sensex was 25000 Points in 2014, now 80,000 in 2024.

Just Index itself Gave returns of around 220% in last 1 Decade, that’s a great Achievement.

2.Demat Accounts Growth:

With Rising Awarness of Financial Literacy in India, People are Choosing Financial Assets over other Asset Classes.

Demat accounts growth has gone up from 2.3Crores accounts in 2014 to 17Crores accounts in 2024.

3.SIP(Systematic Investment Plan) Amount Growth:

In 2014 total monthly Sip amounts were around 1200 Crores per month, after 10 years that monthly Sips number has rose over 20,000 Crores per month, that’s a tremendous Growth of over 1500%.

4.Mutual Fund Industry Growth:

In 2014, Overall Mutual Funds AUM was 10Lakh Crores, fast forward mutual Fund Net AUM is now 55Lakh Crores, that’s a growth of 440%.

Especially Money has been Constantly flowing towards mutual funds in last few years with rising awarness towards Equities.

Insight: If you don’t have time for Research, Mutual funds are the Best Vehicle.

5.Demonitization:

Caption: No Pain, No Gain.

Demonitization Played an important role in India's Growth Story.

Major Benefits of Demonitization:

1.Curbing the Shadow Economy and reducing the use of illicit and Counterfiet Cash in the Economy.

2.Diminishing Fraulent Practices.

3.Better Economy, Healthier Banks and boost to financial Technology Startups, likes digital wallets and Mobile Payments.

It was Paytm Who Started the Revolution of Digital Payments and then led by Phonepay who is now the Market leader in Online Payments. A Big thanks to Both Players for excellent contribution towards building Resilient Economy.

6.GDP Growth in Last 10 Years:

Compared to other Emerging Economies, India's GDP growth is Solid and Sound at a pace of 7-8%.

Because of Good Financial Discipline, India government debt now at Healthy Levels.

7.Inflation:

Inflation is Crucial to determine Purchasing Power.In last decade, India's Inflation has been well maintained.

RBI governers in last 10 Years, did their best to Control Inflation and thrive.

Average annual Inflation in India during 10 Years was 5%.

Insight: Inflation can be the Silent wealth Killer. Invest. Invest. Invest.

8.Forex Reserves:

At an All Time High of $655B, doubled in last 10 Years, it was $300B in 2014.

India's Forex Reserves refer to Assets held by the RBI in foreign Currencies. These Reserves act as a Cushion and provide liquidity, ensuring our country can meet its external obligations.

The Rise in Forex Reserves Indicates an Improvement in the Country's Financia Strength.

9.Internet Revolution:

Internet revolution in India was sparked by Jio.Thanks to our Big boss "Mr Mukesh Ambani".

The Number of mobile internet Users in India rose from 28Cr in 2016 to 82Cr in June 2024.

Jio's entry into the market in 2016 was seen as a revolutionary influence in connecting India and making data more accessible.

Jio's innovative Pricing and Strategies Changed the way Indians Accessed and perceived the internet.

Jio has empowered every Indian with Access to a digital life, Shaping the digital future of India.

10.Strong Decisions:

In August 2019, Government of India Removed of Article 370  from the Indian Constitution.

It was a big Decision done by any government in last 77 Years of Independence.

Dividends of that Decision:

1.Strengthened India's Unity, better governance, Equal rights and terrosim Reduction.

2.It Removes the gap between the region and the rest of India.

3.Government has been Investing heavily in J&K's development, creating jobs and Boosting the Economy.

11.2020 Lockdown:

The way Indian Government handled Covid 19 Pandemic was terrific, which no other countries managed like India.

Early dection and isolation, Travel Restrictions, on Time Lockdown and Vaccination Drive helped India a lot to overcome that pandemic with least damage to both People and Economy.

There is a saying "A Stitch in time saves nine" this Strategy worked well for India.

Turning the Adversity into a Virtue, India emerged as a role model of Preventive Healthcare.

Compared to other Countries Economic Growth, Our Country, India is in a Strong and Solid Position.

It's just the beginning, Long Way for India's Growth Story of Leaps and Bounds.

Like A Famous Dialogue in KGF:

Powerful People don’t come from Powerful Places, Powerful People make Places.

That’s how our Prime Minister did for this Country in last 10 Years and more to Go.

Focused and Visionary Leader India has ever seen and will ever see!!!

Disclaimer: Above Information is for Educational Purpose only.

Social Media Links and Mail id::

Twitter:

https://twitter.com/1harshach?s=20

LinkedIn:

https://www.linkedin.com/in/harsha-chennuboina-2b9b7a235/

GMail:Capitallife999@gmail.com