• Total FDI inflows in the country in the FY 22-23 is $953.143 Bn (April 2000 to September 2023) and total FDI equity inflows stands at $654.929 Bn (April 2000 to September 2023).
  Source: Department of Promotion of Industry and Internal Trade, Govt. of India
• Hon’ble PM Shri Narendra Modi announced a special economic and comprehensive package of more than $270 bn – equivalent to 10% of India’s GDP, under the Atmanirbhar Bharat Abhiyan (Self-reliant India).
  Source: Prime Minister’s Office, Ministry of Finance
• India to witness GDP Growth of 6.8% To 7% In 2024-25.
  Source: Ministry of Finance

• Bangalore, often dubbed the Silicon Valley of India, is rapidly consolidating its position as the nation’s premier hub for Global Capability Centers (GCCs). With approximately 500 out of India’s estimated 1,700 GCCs located in the city, Bangalore has become a focal point for multinational corporations aiming to leverage India’s talent and technological advancements.
• Over the past decade, Bangalore has emerged as a leader in deep technology sectors, including artificial intelligence (AI), machine learning (ML), robotics, and semiconductors. Global tech giants such as IBM, Microsoft, Google, and Intel have established substantial operations in the city. These companies are drawn by the availability of a highly skilled workforce, a culture of innovation, and supportive infrastructure.
• The influx of GCCs has spurred growth in Bangalore’s real estate sector, particularly in commercial leasing. Reports indicate that the city commands a 40% share of India’s GCC leasing market, reflecting the high demand for office spaces equipped with modern amenities. Bangalore has seen a steady increase in office space absorption due to the growing number of GCCs.

Karnataka’s Draft GCC Policy & Factors Driving Bangalore’s Dominance

• In a strategic move to enhance its attractiveness to foreign businesses, the Karnataka government recently announced India’s first dedicated GCC policy.

  
  
  Learn More

• The population of India is expected to rise from 121.1 cr to 152.2 cr during 2011-36 an increase of 25.7% in twenty five years.
  Source: National Commission on Population, Ministry of Health & Family Welfare
• India has its largest ever adolescent and youth population. It will continue to have one of the youngest populations in the world till 2030.
  Source: United Nations Population Fund
• India has the third-largest group of scientists and technicians in the world.
  Source: All India Management Association, The Boston Consulting Group
• Ministry of Youth Affairs and Sports signed a Statement of Intent with YuWaah UNICEF to strengthen resolve to mobilise 1 crore youth volunteers to achieve goals of Atmanirbhar Bharat
  Source: Ministry of Youth Affairs
• By 2030, it is estimated that 42% of India’s population will be urbanised, up from 31% in 2011.
  Source: World Bank

• Hon’ble Finance Minister Smt Nirmala Sitharaman announced the National Infrastructure Pipeline first-of-its-kind initiative to provide world-class infrastructure across the country.
  • The NIP will attract investments into infrastructure and will be crucial for attaining the target of becoming a $5 Tn economy by FY 2025.
  • Nearly 7,000 projects across different sectors costing above INR 100 Crore per project and totaling INR 111 Lakh Crore have been identified
  • Sectors such as Energy (24%), Roads (18%), Urban (17%) and Railways (12%) amount to around 71% of the projected infrastructure investments in India.
    Source: Department of Economic Affairs, Ministry of Finance and India Investment Grid
• An equity infusion of INR 6,000 crores has been made in the National Investment and Infrastructure Fund (NIIF) Infrastructure Debt Financing Platform to attract debt and equity investments in infrastructure
  Source: Prime Minister’s Office, Ministry of Finance 
• India Industrial Land Bank (IILB), a GIS-based portal, is a repository of all industrial infrastructure-related information containing approximately 4,000 industrial parks mapped across an area of 5.5 lakh hectares of land
  Source: Ministry of Commerce & Industry

• India ranks 40^th on the Global Competitiveness Index 2023.
  Source: International Institute for Management Development
• India jumps 6 places to Rank 38 in World Bank’s Logistics Performance Index 2023
  Source: World Bank
• 1.35 Bn Indians are covered under Aadhar Scheme, one of the world’s largest social security program.
  Source: Press Information Bureau, Government of India
• Pradhan Mantri Jan Dhan Yojana, a formalization of savings scheme under which 500 Mn bank accounts have been opened with savings amounting to INR 2,03,505 Cr.
  Source: Ministry of Finance, Government of India
• Goods and Services Tax (GST), the biggest tax reforms since independence, paves way for a common national market by integrating various indirect taxes.
  Source: Government of India

• India climbs to the 40^th rank in the Global Innovation Index; a huge leap of 41 places in 8 years
  Source: World Intellectual Property Organization
• India ranks #1 in the Central & Southern Asia Region
  Source: World Intellectual Property Organization
• India ranks 1^st amongst the Lower Middle-Income Economy Group
  Source: World Intellectual Property Organization

• Centre of global maritime trade to move from the Pacific to the Indian Ocean Region. India and China will be the largest manufacturing hubs of the world by 2030.
  Source: Lloyd’s Register Marine & University of Strathclyde, Glasgow
• Connectivity to Central Asia and Europe via the International North-South Transport Corridor (INSTC).
  Source: Press Information Bureau, Government of India
• Connectivity to Gulf Region via the India-Middle East-Europe Economic Corridor (IMEC).
  Source: Press Information Bureau, Government of India
• In the next five years, India to have greater economic influence across the Asia-Pacific Region.
  Source: Baker McKenzie & Mergermarket Group