India, a South Asian nation, is the seventh-largest country by area, the second-most populous country with over 1.38 billion people, and the biggest democracy in the world. India’s rich cultural heritage includes numerous languages, traditions, and delicious food. The country holds its uniqueness in embracing diversity and hence has adapted itself to international changes with poise and comfort. From the eternal snowclad mountains of the Himalayas to the cultivated peninsula of far South, from the deserts of the West to the humid deltas of the East, from the dry heat and cold of the Central Plateau to the cool forest foothills, Indian lifestyles clearly glorify the geography.
India, in its seventh decade of independence, stands on the cusp of major change, with the highest number of youths in the world. India has more than 50% of its population below the age of 25 and 65% below the age of 35. India has made remarkable progress in the field of clean energy, education, medicine, technology, and many more. The second tenure of PM Modi’s government received a high approval rating; from leaders worldwide and internally by Indian citizens. As India progresses towards development at a faster pace it needs a transparent way of working in all sectors; both public and private. Thus the Indian government and business houses are both looking at initiating partnerships from developed and professionally mature countries like the Netherlands, which are beneficial for both the countries during this time of change.
India has emerged as a large and systemically important economy on the global stage. India is ranked the sixth largest economy, and third largest in terms of Purchasing Power Parity (PPP).The country’s GDP growth has been among the highest in the world in the past decade – regularly achieving annual growth of between 6-7%. India is among the fastest growing major economies, underpinned by a stable macro – economy with declining inflation and improving fiscal and external balances. India has been ranked 15th in the Global FDI Confidence Index 2019 FDI equity inflows to India reached US$ 49.97 billion during 2019-20 while the cumulative FDI equity inflows to the country from April 2000 to March 2020 reached US$ 469.99 billion. Not only that, it was also one of the few economies enacting major ‘structural reforms’, that have positioned India as a competitive player in the international market.
Since India is the second largest country, the demand for almost everything is always high. Hence India is an ideal place for investment. Many MNCs have already invested heavily in India which has created a ripple effect of job creation and wholesome economic activities. The economy has welcomed international companies to invest in it with open arms since liberalization in the 1990s. Indians have been prudent and proactive in adopting a global approach and skills. Indian villagers have proudly taken up farming, advanced agriculture, and unique handicrafts as their profession on one hand, while modern industries and professional services sectors are coming up in a big way on the other.
Various programmes were introduced by the Government of India like Startup India, Make in India, Skill India, Digital India, Industrial Corridors and Smart Cities to enhance the growth and employment in India. Make in India is a major national programme of the Government of India designed to facilitate investment, foster innovation, enhance skill development, protect intellectual property and build best in class manufacturing infrastructure in the country. The primary objective of this initiative is to attract investments from across the globe and strengthen India’s manufacturing sector. It is being led by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Government of India. The Make in India programme is very important for the economic growth of India as it aims at utilising the existing Indian talent base, creating additional employment opportunities and empowering the secondary and tertiary sectors. India has made tremendous strides in its services sector and with programs like Make in India also wants to focus on tapping into the potential of it’s the manufacturing sector
The focus of the Make in India program is on 25 sectors. These include automobiles, automobile components, aviation, biotechnology, chemicals, construction, defense manufacturing electrical machinery, electronic systems, food processing, IT & BPM, leather, media and entertainment, mining, oil and gas, pharmaceuticals, ports and shipping, railways, renewable energy, roads and highways, space, textile and garments, thermal power, tourism and hospitality and wellness.
The Netherlands and India enjoy a very close relationship which started 400 years ago with the spice trade. Since then, relations between the two countries have transformed. At present, the Netherlands is India’s 28th largest trading partner globally and sixth largest in the EU. Modern flood management principles adopted by the Dutch nation are of great value to India besides the culture of fitness and passion for cycling are worth emulating.