Economists are bracing for a recession in the US and in other western economies in 2023.
Geopolitical challenges and supply chain disruptions are expected to temper growth expectations in the near term for most of Europe and Asia.
Amidst this, India is emerging as a bright spot.
Various estimates have pegged the Indian growth rate at between 7% and 7.5% for FY23.
What is the reason for this optimism and is this sustainable?
There is a school of thought that the Indian economy may resist a slowdown because of domestic consumption.
Domestic credit is expected to see growth. There is rising foreign capital interest across multiple pockets of the Indian economy, especially in areas such as consumer, healthcare, financial services, renewables and infrastructure. But the resilience of the tech ecosystem is likely to be tested over the next few years.
The startup ecosystem already fired at least 15,000 employees in 2022. Will this continue into 2023? How many startups will survive the funding winter? What areas within the tech ecosystem are ripe for consolidation? Will new leaders emerge in this cycle?
The path to growth in other sectors too will not be without challenges – especially if inflation persists, the rupee declines further.
But enough factors have come together for an Indian decade. The day-long conference will highlight areas of investor interest, how they are navigating the challenges in identifying opportunities amidst rising inflation, a declining rupee and a volatile geopolitical environment. Funds will also discuss if the impact investment story has played out over the last decade.
What are the most attractive areas of growth and what future trends can disrupt the startup ecosystem in 2023. Will India manage to sustain investor interest over the next few years? Will startups surpass investor expectations?
We will discuss all this and more at the India Limited Partners Summit 2023.