1、N E W I N D I A FACTBOOK2 0 2 2 -2 0 2 3EconomyBusiness reformsInfrastructureTechnologyStartupsInnovationSustainabilityInclusivityNew India Factbook 2022-2375 years of democracy:key achievements100 x rise in GDP;currently at USD 3.5 Tn500 x rise in total exports;highest ever exports of USD 660 Bn in

2、 2021-22New India Factbook 2022-23Growth rate 8.7%(FY21-22)5thlargest economy;jumped 6 positions since 20122ndlargest working population of 522 Mn with median age of 29 yearsAnnual FDI doubled in last 8 years(launch of Make in India in 2014);USD 35 Bn to USD 84 Bn in a decadeDuring pandemic,India wi

3、tnessed V-shaped recovery;GDPcontracted 24%in first quarter ofthe year before bouncing back to20%in 4thquarterFastest Growing Large EconomyLargest and most stable democratic regimeNew India Factbook 2022-23Amrit Kaal:Vision 204725-year roadmap for India100Economy2ndlargest at USD 32 TnPer capita inc

4、omeTo grow 10 x to USD 20,000GDPManufacturing GDP to grow 15x to USD 6.2 Tn;Services GDP to grow 13x to USD 20 TnFDITo grow 12x toUSD 1TnExportsTo grow 12x toUSD 8 TnHuman capitalLargest and youngest working population with a median age of 29New India Factbook 2022-23Business ReformsNew Corporate Ta

5、x CodeCorporate tax reduced;amongst lowest globallyFor existing units-22%For new units-15%Production Linked Incentives(PLI)Financial incentives worth USD 26 Bn to promote domestic production in 14 sectorsSemicon India Mission Financial incentives worth USD 10 Bn to develop semiconductors and display

6、 manufacturing ecosystemCustom Bonded WarehouseDuty exempted on domestically manufactured goods for exports Remissions of Duties and Taxes on Exported ProductsReimbursement of taxes&duties incurred on exports of goods from IndiaNew India Factbook 2022-23Business ReformsProject Development CellsSpeci