India’s Growth Journey
India has been one of the fastest growing major economies in the past decade. It is currently ranked as the world’s sixth largest economy and is on track to move up the rankings1 . Projections of growth, despite the disruption by the pandemic, remain positive and there is a real possibility that India can achieve a USD 5 trillion economy this decade2 .

In India’s Growth Drivers, we partner with Barclays Private Clients to invite some of India’s leading ecosystem stakeholders, including founders and venture capitalists, to share their views on the critical success factors that will enable India to reach its $5 trillion target.
How India's manufacturing industry is aiming high through disruptive innovation.
Despite the challenges posed by the pandemic, increasing global inflation, a sluggish domestic demand, and the prolonged war in Ukraine, India has demonstrated remarkable economic growth. In the second panel discussion of our India’s Growth Drivers series, industry leaders debate the hurdles and opportunities for growth within domestic manufacturing, and how the sector is pivotal to India’s 5 trillion-dollar economy ambition.
Our Esteemed Panelists
Yogesh Mahansaria
Founder & Managing Director,
Mahansaria Tyres Group
Kartikey Hariyani
Managing Director, TecSo Projects &
Founder and CEO at Charge+Zone
Vishal Goenka
Director,
Artek Surfin Chemicals
Sriram Natarajan
Director,
Molbio Diagnostics
Adrish Ghosh
Managing Director,
Barclays Private Clients
How improved quality and entrepreneurial spirit will drive India’s growth
With 2022 being the second successive year of India creating more ‘unicorns’ than even China 3 , start-ups undoubtedly are set to play a major role in India’s economic growth. An equally important factor in determining India’s ability to achieve its target is the quality of enterprise; this attribute encompasses the ability of entrepreneurs and their businesses to stay resilient in the face of economic and business cycles. In this panel discussion, eminent industry leaders discuss the role of ‘quality’ and ‘entrepreneurship’ as key growth drivers towards India’s USD 5 trillion target.
Our Esteemed Panelists
Mohandas Pai
Chairperson,
Manipal Global Education
Chaitanya Ramalingegowda
Co-Founder,
Wakefit
Gaurav Singh Kushwaha
Founder & CEO,
Bluestone.com
Arvind Varchaswi
Managing Director,
Sri Sri Tattva
Vamsi Krishna
CEO & Co-Founder,
Vedantu
Narayan Shroff
Head of Investments,
Barclays Private Clients
Read the Discussion
Listen to the Discussion
About Barclays Private Clients
We’ve called India ‘home’ since 1979. Barclays has been active in the Asia Pacific since 1968. We opened our first representative office in India in 1979 and our Private Clients service began in 2008. These years of experience, supporting wealthy clients in India and across the subcontinent, allow us to bring you an exceptional service today. Find out more.
Source:
1) World Economic Forum, ‘This chart shows the growth of India's economy’. 26 September, 2022.
2) International Monetary Fund (IMF). ‘India: 2022 Article IV Consultation: Country Report No. 2022/386’.
3) Bain & Company – ‘India Venture Capital Report 2023’.

Disclaimer

This document is for information purposes only. It is general in nature and does not take into account specific investment objectives, financial situation, knowledge, experience or particular needs of any particular person. It should not be relied upon in considering the merits of any particular transaction. It does not constitute a prospectus, offer to buy or sell, invitation or solicitation to buy or sell or invest in or refrain from investing in securities or other investment products. It may provide an introductory summary of products or services that we may potentially provide, and you should consider whether any of those may apply to your own circumstances and needs.


It is not intended to provide the sole basis for any evaluation of securities or any other instrument, which may be discussed in it. The information in this document is not investment, tax, legal, accounting, regulatory or other advice, and you should consider seeking advice tailored for your own circumstances, including any impact an investment may have on your personal tax position from your own tax adviser. You have sole responsibility for the management of your tax, accounting, legal and regulatory affairs including making any applicable filings and payments and complying with any applicable laws and regulations. We have not and will not provide you with, and you should obtain your own, independent, tax, accounting, legal and regulatory advice.


Any offer or entry into any transaction with Barclays as a party, requires Barclays’ subsequent formal agreement which will be subject inter alia to internal approvals and execution of binding transaction documents. Terms and conditions if any herein are indicative and subject to change and/or negotiation between us. Full details of final terms and conditions will be contained in a prospectus or offering or other document.


Investment products may be subject to investment risks, including, but not limited to, market and currency exchange risks, fluctuations in value and possible loss of principal invested. Where investments are concerned, past performance does not predict or guarantee future performance. Investments can fall as well as rise in value. Your capital or the income generated from your investment may be at risk. The value of any investment may also fluctuate as a result of market changes.


Although any content in this document from other sources is believed to have been obtained from sources which are reliable, we neither represent nor warrant its accuracy or completeness, nor the timeliness or reliability of such information set out herein. Where information in this document has been obtained from third party sources, we believe those sources to be reliable but we do not guarantee the information’s accuracy. Information set out herein may be incomplete or condensed. Barclays is not responsible for information stated to be obtained or derived from third party sources or statistical services. Any past or simulated past performance including back-testing, modelling or scenario analysis contained herein is no indication as to future performance. No representation is made as to the accuracy of the assumptions made within, or completeness of, any modelling, scenario analysis or back-testing. You should carry out your own due diligence and verification of such information accordingly. This document may become outdated and/or its contents subject to changes at any time and without prior notice to you, and in that regard, we are under no obligation to update or correct this document or inform you in relation to any such changes to the contents herein. Any estimates and opinions from Barclays as may be included in this document constitute our judgement as of the date of the document and may be subject to change without notice, and we have no obligation to provide revised estimates or opinions.


Unless expressly stated, products are not guaranteed by Barclays Bank PLC or its affiliates or any government entity.


This document is not a product of the Barclays Research department. Any views expressed may differ from those of Barclays Research.


This document is strictly confidential and may be being made available to selected recipients only. It may not be reproduced or disclosed (in whole or in part) to any person without our prior written permission. Barclays or its affiliates may act upon or use material in this publication prior to publication. The manner of distribution of this document and the availability of the products and services may be restricted by law or regulation in certain countries and persons who come into possession of this publication are required to inform themselves of and observe such restrictions.


Barclays Bank PLC (“Barclays”), its affiliates, and their respective directors, employees, and agents (“Barclays Group”) make no representation or warranty as to the accuracy, completeness, timeliness or reliability of the contents of this document. To the maximum extent permitted by law, no member of the Barclays Group accepts any liability whatsoever for any direct, indirect or consequential losses (in contract, tort or otherwise) (including, without limitation, any liability arising from fault or negligence on the part of any of them) for any loss whatsoever arising from the use of or reliance on this document or its contents or otherwise arising in connection with it.


The contents of this document have not been reviewed or approved by any regulatory authority.