India grows at 8 pc like in 2008

Bharat PM Modi

Rama Krishna Sangem

Indian economy may grow at 8 per cent and above just like in 2008 from now on, the golden period of growth. Investment has become a major driver of India’s booming economy, according to economists at Morgan Stanley, adding that the country’s current expansion resembles that of the mid-2000s when growth averaged more than 8 per cent, says a Bloomberg story.

The economists also said the economy appears to have room for even further expansion, given the path for additional capital expenditure — especially from private businesses — rising exports and a more stable economy.

After declining for a decade, India’s investment as a percentage of gross domestic product is steadily climbing and could reach 36 per cent by 2027 from a recent low of 28 per cent in 2021, economists including Chetan Ahya wrote in a note Tuesday. The upswing mirrors the period from 2003-2007, when India’s investment ratio rose to 39 per cent, they said.

“We see a long runway ahead for the current expansion cycle,” the economists said.


Private expenditure picks up

India, the world’s fastest-growing major economy, logged a blowout growth rate of 8.4 per cent in the final three months of last year. However, a more representative measure of growth that stripped out one-off items showed a slowdown, raising questions about the sustainability of India’s growth path.

On March 12, Monday, economists at Societe Generale also wrote that investment remains a major growth driver for India’s economy. They added that they see early signs of a revival in private capital expenditure, signaling that investment appears to be expanding beyond just public capex.

Separately, India’s top economic adviser said Wednesday there were sustained signs of capital formation that may help the economy expand more than 7 per cent in the fiscal year beginning in April.

The investment drive has lifted key stocks. The S&P BSE Industrials Index, which includes manufacturers of bridges, helicopters, and wind turbines, has risen over 71 per cent in the past year, increasing the collective market value of its more than 200 members by more than $175 billion

Rama Krishna Sangem

Ramakrishna chief editor of excel India online magazine and website

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Rama Krishna Sangem

Excel India national news magazine is a media startup founded and piloted by Rama Krishna Sangem, a Hyderabad based senior journalist with over three decade experience in the field of media, mostly in print journalism. His rich experience in reporting for both Telugu and English newspapers and heading a TV news channel and some online outfits will be of immense use to this venture. Excel India English news magazine seeks to fill the gap of analytical understanding to our readers who today are confronted with myriad media platforms. Our online version not only offers regular updates and commentary on happenings around us, but also gives larger stories not limited by space constraints of a print magazine. Excel India is ably run by a team of senior journalists committed to values and quality standards in the profession. We urge you all to support and guide us in this endeavour. Reach us at