India PESTLE Insights – A Macroeconomic Outlook Report

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Financial intermediation, real estate and business activities contributed 21.7% to the gross value added (GVA) in 2022, followed by mining, manufacturing and utilities (20.5%) and agriculture (18.4%). In nominal terms, the three sectors are forecast to grow by 14.2%, 11.8% and 10.7%, respectively, in 2023.

Emerging cities such as Bangalore and Hyderabad are new drivers for economic growth, with a lower share of population compared to old metro-cities

Scope

The infrastructure capital investment outlay in Budget 2023-24 is being raised by 33% to Rs.10 lakh crore ($122 billion), equivalent to 3.3% of GDP.

Key Highlights

The Indian stock exchange exhibited a volatile trend over past year. As of May 23, 2023, the index stood at 18,398.6, compared to 16,214.7 on May 23, 2022.

Reasons to Buy

Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.

PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations

Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.

This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.

Apollo
ITC
Dabur
Amul
HDFC Bank
ICICI Bank

Table of Contents

List of Exhibits

Did You Know?

Country Highlights

Key Economic Updates

Country Snapshot

Political Landscape

Economic Landscape

Social Landscape

Technological Landscape

Legal Landscape

Environmental Landscape

Outlook

Table

Exhibit 1: India’s performance in terms of its country risk analysis in comparison to Asia-Pacific and the World average

Exhibit 2: Performance overview (score: 1–100)

Exhibit 3: Broad categories and weights behind the index

Exhibit 4: India stock exchange index – NIFTY Index (May 2022–May 2023)

Exhibit 5: Key sectors contribution to the economy (2017–24f)

Exhibit 6: Total FDI inflows by year (2018–19 to 2022–23) & FDI equity inflow by top three sectors (2020–21 to 2022–23)

Exhibit 7: FDI equity inflow by country and by region (2020–21 to 2022–23 )

Exhibit 8: Number of unicorns in India by city and sector, 2022

Exhibit 9: Key infrastructure indicators (2020)

Exhibit 10: Real GDP and household consumption growth rate (2018–25f)

Exhibit 11: Real GDP growth rate comparison (2022)

Exhibit 12: Volume of exports and imports growth (2018–25f)

Exhibit 13: Current account balance (2018–25f)

Exhibit 14: Top three commodity exports, % of total exports (2018–22)

Exhibit 15: Mineral fuels, % share of world’s total (2022)

Exhibit 16: Interest rates (April 2018 – April 2023)

Exhibit 17: Exchange rate and inflation (2018–25f)

Exhibit 18: Public finance (2018–25f)

Exhibit 19: General government debt (2018–25f)

Exhibit 20: Unemployment rate (2018–25f)

Exhibit 21: Average annual wages (2018–25f)

Exhibit 22: Labor cost index (2018–25f)

Exhibit 23: Rural/urban share of total population (1995, 2005, 2015, 2025f)

Exhibit 24: Age-group share of total population (1995, 2005, 2015, 2025f)

Exhibit 25: Gender split (1995, 2005, 2015, 2025f)

Exhibit 26: Internet users as a percentage of total population, mobile penetration rate and broadband penetration rate (2022)

Exhibit 27: Number of patents granted per million population (2021)

Exhibit 28: High-technology exports, % of manufactured exports (2021)

Exhibit 29: Rule of law (rankings), 2022

Exhibit 30: Corruption perceptions index (rankings) (2022)

Exhibit 31: Renewable energy capacity (2017–21)

Exhibit 32: CO2 emissions (2017–21)

Figures

List of Figures

Exhibit 1: India’s Performance in Country Risk Analysis in Comparison to Asia Pacific and the World Average 11

Exhibit 2: Performance Overview (Score: 1-100) 11

Exhibit 3: Broad Categories and Weights behind the Index 12

Exhibit 4: BSE SENSEX (^BSESN) 14

Exhibit 5: Key Sectors Contribution to the Economy 15

Exhibit 6: Direct Investment in India (2012-13 to 2017-18) and FDI by Type (2017-18) and FDI Equity by Sector (2015-16 to 2017-18) 16

Exhibit 7: FDI by Country (2016) and FDI Inflows by Sector (2016) 18

Exhibit 8: Key Infrastructure Indicators 20

Exhibit 9: Real GDP and Household Consumption Growth Rate 24

Exhibit 10: Real GDP Growth Rate Comparison (2017) 24

Exhibit 11: Export, Import and Trade Balance 25

Exhibit 12: Current Account Balance 25

Exhibit 13: Top Three Commodity Exports, % of Total Exports, 2014-2017 26

Exhibit 14: Natural, Cultured Pearls; Precious, Semi-precious Stones, Etc., Share in World Exports, 2017 26

Exhibit 15: Interest Rates 28

Exhibit 16: Exchange Rate and Inflation Rate 28

Exhibit 17: Public Finance 29

Exhibit 18: General Government Debt 29

Exhibit 19: Employment/Unemployment 31

Exhibit 20: Average Annual Wages 31

Exhibit 21: Labour Cost Index 31

Exhibit 22: Rural/Urban Share in Total Population 32

Exhibit 23: Age-group Share of Total Population 32

Exhibit 24: Gender Split 32

Exhibit 25: Internet Users % of Total Population, Mobile and Broadband Penetration Rate, 2016 34

Exhibit 26: Number of Patents Granted Per Mn Inhabitants, 2015 35

Exhibit 27: High-technology exports (% of manufactured exports) 35

Exhibit 28: Doing Business in India 2018 36

Exhibit 29: Corruption Perception Index (rankings) 2017 36

Exhibit 30: CO2 Emissions 37

Frequently asked questions

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