India is anticipating a growth revival in 2022, following the prolonged impact of the coronavirus pandemic. With the country gearing up to regain its place among the world’s fastest-growing economies, Bloomberg's India Economic Forum recently brought together leading business figures to examine the factors central to recovery.
Prominent among these inputs will be green energy infrastructure development, according to Gautam Adani, founder of the $116-billion Adani Group. Not only will this contribute to making India the owner of the world’s cheapest renewables, it will also help cement the country’s dominance in the energy-hungry data storage sector.
Another major factor will be the pace of India’s technological innovation. 34 tech start-ups became unicorns in 2021, with investors pouring $7.6 billion into Indian fintech companies to date — nearly four-fold the amount their Chinese counterparts drew. SoftBank, for example, has helped channel $11 billion into India over the last four years.
Such investments are driving surging valuations amongst tech startups. This phenomenon is unlikely to ebb, according to Vijay Shekhar Sharma, founder and Chief Executive Officer of digital payments pioneer Paytm, and may help stimulate recovery across multiple market sectors.
Read on to explore all the factors that guests at Bloomberg's recent India Economic Forum expect to contribute to India’s economic recovery in 2022 and beyond. Read the next chapter >>
