Capex in focus: Why India stands out as an oasis of relative optimism

By Ramnath Krishnan

, ET CONTRIBUTORS5 Mins Read , Last Updated: Dec 28, 2023, 11:08:30 PM IST

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Synopsis

The evolving economy must organically create adequate jobs to employ new entrants into the burgeoning labour force gainfully. After the success stories of workforce absorbed by the software sector, retail, ecommerce and logistics, what comes next, with AI and mega factories queering the future job pitch? And, more existentially, will India become rich before it gets old?

Ramnath Krishnan

Ramnath Krishnan is managing director and group CEO, Icra, Gurgaon, Haryana

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Even as two years of Covid followed by nearly two years of geopolitical strife have marred the global landscape, India stands out as an oasis of relative optimism. As 2023 draws to a close, it's an excellent time to gaze into the 2024 crystal ball. There are four dominant themes: Demand. Derisking. Deleveraging. Democracy. Demand: A young and aspirational labour force will drive domestic demand and support GDP growth, offsetting tepid global