Report | Creating Resilience

H1 2023 roundup: Decoding India’s policy and real estate landscape

July 21, 2023 14 Minute Read

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While India's 6.1% GDP growth recorded in Q1 2023 belied industry expectations, global macro-economic headwinds continued to cast a shadow on the country's growth story. However, the dynamic policy scenario has instilled resilience in Indian economy, and we expect this trend to sustain in the coming times.

H1 2023 saw three primary focus areas of the Indian polity. Below is a lowdown:

Focus Area	Key initiatives	Likely impact
Sustainability	National Green Hydrogen Mission, ESG rating framework, FAME Scheme Phase-II, CITIIS 2.0, Harit Sagar Guidelines	Expected to help India achieve its decarbonisation goals, help attract funds towards companies that are taking sustainability initiatives, and accelerate EV adoption in India
Manufacturing	National Medical Device Policy, PLI Scheme 2.0 for IT Hardware, Electronics Manufacturing Cluster at Hubli-Dharwad in Karnataka approved	Likely to create export opportunities for the manufacturing sector, thereby promoting indigenous capabilities; also expected to make India an important cog in the global supply chain
Ease of Doing Business	Foreign Trade Policy, Draft Sagarmala Innovation and Start-up Policy, Recommendations on Licensing Framework and Regulatory Mechanism for Submarine Cable Landing	Would enable automation of processes and paperless filing of applications, and help in developing a strong ecosystem for innovation and entrepreneurship

Our publication on the Indian policy and real estate scenario also mentions the launch of India's first retail-focused REIT, which has further diversified the real estate investment universe in the country. Click download to know more!