India Set to Be 'Office of the World', Driven by Tech, Demographics: EY Report

• An EY report projects India as a global growth engine and the "office of the world" in the next two decades, leveraging its IT services leadership and rapid digitalization.
• Digital public infrastructure is a key force multiplier, reducing business costs, improving efficiency, and deepening financial inclusion, giving India a competitive edge.
• A thriving entrepreneurship ecosystem, supported by private capital and venture funding, is driving innovation and growth across new-age companies.
• Favorable demographics, including a young workforce and rising incomes, are expected to lead to a six-fold increase in per capita income by 2047 and an unprecedented consumer boom.
• Strategic priorities include making domestic manufacturing globally competitive and reducing logistics costs to 8% of GDP by 2030 through infrastructure development.

Why It Matters: India's unique blend of tech, demographics, and policy focus positions it as a future global economic powerhouse.