India likely to grow 6-10% over the next few years: Fibonacci X report
ECONOMY & POLICY

India likely to grow 6-10% over the next few years: Fibonacci X report

With a growth of 6x in GDP over the last 20 years, India has emerged as the fifth largest economy in the world.

A report by venture platform and accelerator Fibonacci X, shows that India is poised to grow in the range of 6-10% over the next few years, barring any black swan event. This will help attract higher investments across sectors. The services sector is likely to continue to drive strong economic growth in the country.

?Going by economic growth trends, India is poised to be a global hotspot for economic growth. India is not insulated from world risks, but can overcome them faster. We are expecting a growth fuelled future for Bharat,? Kulmani Rana, Founder and CEO, Fibonacci X, said.

Manufacturing growth has remained stagnant and future growth hinges on the output of new policy initiatives. The report indicates a huge uptick in manufacturing projects in 5 ? 7 years. Many projects under PLI scheme are expected to start giving returns in the coming 5 years or so. Overall, the ease of doing business is expected to consistently improve because of active initiatives and competition faced by other countries. Several offshore registered companies are expected to return to India, according to the India Growth Story (2023-34) report.

The contribution of agriculture, which is the primary source of livelihood for about 60% of the population, has remained similar for the last decade. Agriculture remains the pain point and the most underperforming sector, according to analysts.

However, rapid reforms are expected over the coming years through state level legislation.

Interestingly, India is becoming the preferred location for R&D and capability hubs. The number of R&D professionals in the industry have increased manifold. There are about 1.6 million professionals employed in captive centres and over 1580 global capability centres in India.

Startup culture has managed to reach the masses due to concepts such as Shark Tank. A lot more local solutions to local problems are expected to be generated. This will also lead to an increase in IP creation.

The country also has a robust digital payments system and digital payment users are expected to double by 2030. On the banks and financial institutions front, bank health has improved, but asset reconstruction mechanism is yet to become efficient. The Gross NPA ratio has declined significantly (more than 5%) over the past 5 years, but it is still higher than major economies (with the exception of Russia).

The report also further indicates that countries with autonomous views, such as India, France, Saudi hold the key to the next world order.

About Fibonacci X:

New Delhi-based Fibonacci X, founded by Kulmani Rana, is a venture platform and accelerator which helps early-stage start-up founders to execute their vision. It provides them access to industry and functional topic expertise, and capital through their marquee investor network. The company also helps investors in validating existing investment thesis and broadening their potential investment universe.

With a growth of 6x in GDP over the last 20 years, India has emerged as the fifth largest economy in the world. A report by venture platform and accelerator Fibonacci X, shows that India is poised to grow in the range of 6-10% over the next few years, barring any black swan event. This will help attract higher investments across sectors. The services sector is likely to continue to drive strong economic growth in the country. ?Going by economic growth trends, India is poised to be a global hotspot for economic growth. India is not insulated from world risks, but can overcome them faster. We are expecting a growth fuelled future for Bharat,? Kulmani Rana, Founder and CEO, Fibonacci X, said. Manufacturing growth has remained stagnant and future growth hinges on the output of new policy initiatives. The report indicates a huge uptick in manufacturing projects in 5 ? 7 years. Many projects under PLI scheme are expected to start giving returns in the coming 5 years or so. Overall, the ease of doing business is expected to consistently improve because of active initiatives and competition faced by other countries. Several offshore registered companies are expected to return to India, according to the India Growth Story (2023-34) report. The contribution of agriculture, which is the primary source of livelihood for about 60% of the population, has remained similar for the last decade. Agriculture remains the pain point and the most underperforming sector, according to analysts. However, rapid reforms are expected over the coming years through state level legislation. Interestingly, India is becoming the preferred location for R&D and capability hubs. The number of R&D professionals in the industry have increased manifold. There are about 1.6 million professionals employed in captive centres and over 1580 global capability centres in India. Startup culture has managed to reach the masses due to concepts such as Shark Tank. A lot more local solutions to local problems are expected to be generated. This will also lead to an increase in IP creation. The country also has a robust digital payments system and digital payment users are expected to double by 2030. On the banks and financial institutions front, bank health has improved, but asset reconstruction mechanism is yet to become efficient. The Gross NPA ratio has declined significantly (more than 5%) over the past 5 years, but it is still higher than major economies (with the exception of Russia). The report also further indicates that countries with autonomous views, such as India, France, Saudi hold the key to the next world order. About Fibonacci X: New Delhi-based Fibonacci X, founded by Kulmani Rana, is a venture platform and accelerator which helps early-stage start-up founders to execute their vision. It provides them access to industry and functional topic expertise, and capital through their marquee investor network. The company also helps investors in validating existing investment thesis and broadening their potential investment universe.

Next Story
Infrastructure Transport

CPCL crosses $10 million revenue milestone

Chaitanya Projects Consultancy (CPCL), a leading infrastructure and engineering consultancy, has surpassed $10 million in annual revenue for FY 2024–25, marking a five-year compound annual growth rate of 28.2 per cent—well above the industry average. Established in 2004, CPCL has delivered over 300 projects across highways, bridges, urban infrastructure, water, transport, and environmental sectors. Its achievements include over 600 km of six-lane highways, 2,000 km of national highways, and 100 major bridges. “Our goal has always been to improve India’s infrastructure,” sai..

Next Story
Resources

KPIL secures new orders worth Rs 37.89 billion

Kalpataru Projects International Ltd (KPIL), a major EPC player in power transmission and civil infrastructure, has secured new orders worth approximately Rs 37.89 billion along with its international subsidiaries. The orders include a significant contract in the Buildings and Factories (B&F) segment in India, marking KPIL’s largest B&F order to date. The project involves the development of over 12 million sq ft of residential space with supporting infrastructure, awarded on a design-build basis. Additionally, the company has won new transmission and distribution (T&D) order..

Next Story
Real Estate

Apartment loading rises to 40 per cent in top cities

Driven by rising demand for premium amenities, the average apartment loading across India’s top seven cities has reached 40 per cent in Q1 2025, up from 31 per cent in 2019, according to ANAROCK Research. The loading factor, or the area paid for beyond the usable carpet area, covers common spaces such as lobbies, staircases, and clubhouses. Mumbai Metropolitan Region (MMR) continues to lead with the highest loading at 43 per cent. Bengaluru saw the sharpest jump, from 30 per cent in 2019 to 41 per cent in Q1 2025. Chennai recorded the lowest average loading at 36 per cent. “Sixty..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?