India has undergone a rapid transformation in recent years and achieved strong economic growth. PM Modi’s initiatives such as Start-up India, Skill India, Digital India and Make in India will certainly contribute to this fastest growing economy with a GDP growth rate of 7.5%.
The recent Make in India conference and initiatives for which the Indian Finance Minister Mr. Arun Jaitley visited Australia is certainly a win-win situation for Australia. Australia’s research capabilities coupled with its innovation strategy can find the best home and scalability of operations in India. As a marketer, my prediction would be such initiatives will only strengthen the bilateral business relationship leading to more investments across both countries. Business migration is set to increase and it can only benefit Australia.