India invests US$8 trillion in new ventures over past decade

A report by Indian management company highlights that India's total investment expenditure, including household housing, infrastructure development by the government and private capital expenditure, has reached US$14 trillion since independence.

The government has been increasing the allocation for capital expenditure in annual budgets, leading to higher investment.

As the investment base expands, the report predicts that the trend of significant investment seen in the last decade will continue over the next five years. This growth has caught the attention of global investors as India's economic landscape remains stable amid uncertainty in the global economy.

The stability of India's external environment has emerged as the most important factor contributing to its economic growth. This is reported by ANI, a partner of TV BRICS.

India's stock markets soared to record highs, making it the second largest equity market in emerging markets. The country's share in emerging markets has grown significantly due to increased corporate profitability and stable stock market performance.

The International Monetary Fund (IMF) forecasts that India will become the fastest growing major economy in 2024, with growth projections revised upwards to 6.8 per cent.