In its latest update, the IMF (International Monetary Fund) projected a 11.5 per cent growth rate for India in 2021. This makes India the only major economy of the world to register a double-digit growth in 2021, it said.

China is next with 8.1% growth in 2021 followed by Spain (5.9 per cent) and France (5.5 per cent).

Revising its figures, the IMF said that in 2020, the Indian economy is estimated to have contracted by eight per cent. China is the only major country which registered a positive growth rate of 2.3 per cent in 2020.

India’s economy, the IMF said, is projected to grow by 6.8 per cent in 2022 and that of China by 5.6 per cent. With the latest projections, India regains the tag of the fastest developing economies of the world.

With such staggering predications being made on the Indian Economy, Foreign Direct Investment & Foreign Portfolio Investment is sure to boost in the next F.Y. But how can Indian Political System align itself with the aspirations of all those who invest in India?

First of all, the Modi Cabinet has to learn from the Farmers Agitation that ‘Shock & Awe’ Policy isn’t the right way forward for India. The people of India did forget ‘Demonetization’ and gave NDA another shot at the Raisina Hills but that does not mean this way of Governance will always be pardoned by the people of India.

Secondly, the Production-linked Incentive Scheme launched by the Government under Aatmanirbhar Bharat Package becomes more critical for boosting manufacturing sector (which ofcourse will have spill over effect on employment) and hence, the Political System cannot afford another internal chaos or disorder at any cost.

After IMF’s announcement, the World will surely keep their eyes glued to the Indian Budget 2020-2021 that unveils on 01.02.2021. Let’s see how far the Government is able to bridge the gap of aspirations and reality of Investors.