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2024 has been a year of transformative events in India. These included General Elections in India, world’s largest democracy, which resulted in return of Prime Minister Modi as head of BJP led NDA for the record third time for the next five years. There were also State Level Elections in Andhra Pradesh, Arunachal Pradesh, Odisha, Jammu & Kashmir, Sikkim, Haryana, and Maharashtra, wherein BJP government was returned in several States like Maharashtra, Haryana, Odisha etc. The year also saw inauguration of Ram Mandir, a significant historic and cultural milestone for the country.
In 2024, India continued with economic expansion, ensuring its status as an emerging global economic powerhouse. With a 6.6% GDP growth rate, the country retained its position as the world's fifth-largest economy, steadily narrowing the gap with Germany, which ranks fourth at present. India’s strong performance was driven by a surge in FDI, which crossed a record $1 trillion between April 2000-September 2024. This growth was further supported by record exports amounting to $778 billion, reinforcing India’s stellar position in the global market. There were significant strides in diplomacy, foreign trade, infrastructure and sports. India’s D. Gukesh became the world’s youngest ever chess champion at the age of 18 years beating Ding Liren of China in Singapore.
According to World Bank’s India Development Update: India’s Trade Opportunities in a Changing Global Context, India remained the fast growing major economy, which grew at a rapid pace of 8.2% in FY 2023-24. Growth was boosted by public infrastructure investment and an upswing in household investments in real estate. On the supply side, it was supported by a buoyant manufacturing sector, which grew by 9.9%, and resilient services activity.
There were significant developments in the field of Competition Law, which have been summarized in my article ‘2024: Paradigm Shift in Indian Competition Law’ alongside.
India is on the cusp of historic transformation, come and be part of the excitement.
Honored to call on Hon’ble President of India at Rashtrapati Bhavan
Honored to call on Hon’ble Finance Minister, Govt. of India
Honored to call on Sr. Minister (now Hon'ble President) Singapore, Mr. Tharman Shanmugaratnam
From the Chairman’s desk →
2024 has been a year of transformative events in India. These included General Elections in India, world’s largest democracy, which resulted in return of Prime Minister Modi as head of BJP led NDA for the record third time for the next five years. There were also State Level Elections in Andhra Pradesh, Arunachal Pradesh, Odisha, Jammu & Kashmir, Sikkim, Haryana, and Maharashtra, wherein BJP government was returned in several States like Maharashtra, Haryana, Odisha etc. The year also saw inauguration of Ram Mandir, a significant historic and cultural milestone for the country.
In 2024, India continued with economic expansion, ensuring its status as an emerging global economic powerhouse. With a 6.6% GDP growth rate, the country retained its position as the world's fifth-largest economy, steadily narrowing the gap with Germany, which ranks fourth at present. India’s strong performance was driven by a surge in FDI, which crossed a record $1 trillion between April 2000-September 2024. This growth was further supported by record exports amounting to $778 billion, reinforcing India’s stellar position in the global market. There were significant strides in diplomacy, foreign trade, infrastructure and sports. India’s D. Gukesh became the world’s youngest ever chess champion at the age of 18 years beating Ding Liren of China in Singapore.
According to World Bank’s India Development Update: India’s Trade Opportunities in a Changing Global Context, India remained the fast growing major economy, which grew at a rapid pace of 8.2% in FY 2023-24. Growth was boosted by public infrastructure investment and an upswing in household investments in real estate. On the supply side, it was supported by a buoyant manufacturing sector, which grew by 9.9%, and resilient services activity.
There were significant developments in the field of Competition Law, which have been summarized in my article ‘2024: Paradigm Shift in Indian Competition Law’ alongside.
India is on the cusp of historic transformation, come and be part of the excitement.
Greetings of the Season & best regards,
