Nandan Nilekani's 4 tips for India's economy to hit $8 trn-s-mark by 2033

India is set to become the most preferred initial public offering (IPO) market globally by 2035, according to Infosys co-founder Nandan Nilekani. Speaking at the ArkamVC event in Bengaluru on Wednesday, Nilekani said, "Companies want to come back and list here. People are coming back, ghar wapsi happening."  

 

Nilekani, known for his pivotal role in building Aadhaar, projected a sharp rise in the number of startups in the country. "We expect 1 million startups by 2035. Binary fission will happen — startups will lead to more startups," he said, according to NDTV Profit.

 

Outlining key factors for India's economic expansion, Nilekani spoke about the necessary "Big Unlocks" required to accelerate the country's growth rate from 6 per cent to 8 per cent and achieve an $8-trillion economy by 2035. "There are four unlocks for the future—technology, entrepreneurship, formalisation, capital," he said.  

 

  

On India's digital transformation, Nilekani highlighted the success of electronic toll payments and the DigiYatra initiative. "Today we have a single system of electronic toll payments. DigiYatra has helped 14 million passengers since December 22," he stated. He further pointed out that "India is also a single market for labours, which China isn't.