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India as Technology Market for Investors

ndia is home to 1.35 billion Rs 40 lakh crore (US$ 624 billion) lakh companies which were inactive
people using 800 million in 2050 compared with the current for two years or more.
mobiles and driving 30.92 development path – a benefit India is the second-fastest digitizing
million vehicles climbing fast equivalent to 30% of India’s current economy amongst 17 leading
Ion global World Bank ranking GDP. economies of the world. It can create
in Ease of Doing Business in recent As compared to Asian countries, up to $1 trillion of economic value
six years from 142 to 63 and aiming by adopting renewable sources of from the digital economy in 2025.
to be 50th next year and top two energy like hydroelectric, electric EoDB 2020 is focused on bringing
in coming 3-4 years. Today, India is mobility, nuclear energy, bio-fuel Sustainable Development on Center
rated as one of the most attractive cells etc., India is converging its fossil Stage and to make traditional
investment destinations across the fuel economy to green economy Indian Economy self-dependent
globe with corporate tax reduction with a continuous reduction in in Energy, Mobility with evolving
as the rates are now lower than that crude oil import. In the year 2020, Digital and Circular Economy
in China and most Southeast Asian India aims to launch its first and one ecosystems. It brings new financing
countries. of the longest (500 km) in world tools for emerging techs like Hybrid
After the implementation of E-Highways between Jaipur- Delhi- Annuity Model (HAM) and Annuity
‘Demonetization and GST’, the Agra. Besides, the government of Hybrid E-Mobility (AHEM) to build
government has been continuing with India has already announced to infrastructure and provide mobility
major reforms for foreign investors convert Mumbai-Pune Expressway, and digitalization for all sectors to
in sectors like AI, IoT, Automation, Ahmedabad-Vadodara Expressway, transform.
Big Data, Robotics, Blockchain, Bengaluru-Mysore, Bengaluru-
Smart Cities, Cloud Computing by Chennai, Surat-Mumbai Expressway,
introducing emerging technologies Agra-Lucknow Expressway, Eastern
in application for making people’s life Peripheral Expressway, Delhi-Agra
easy and bringing accountability in NH2 Expressway, Hyderabad ORR
governance along with transparency Expressway and five connected
in Circular Economy, Green Economy, highways into E-Highways in the
Computed Economy and Digital coming years.
Economy. Post implementation of GST,
Economic growth for long-term bank accounts involving 35,000
prosperity shows that a circular companies are being monitored and
economy path to development the Ministry of Corporate Affairs Abhijeet Sinha
could bring India annual benefits of (MCA) also struck off around 2.24 National Director, Ease of Doing Business

18 February-March 2020 / TrafficInfraTech www.trafficinfratech-com-500653.hostingersite.com