Manisha Bhartia, Head of BDP India and Urbanism Director
With a scorching maximum temperature of over 50°C and a minimum of 28°C, Delhi and most of India is burning hot. But it's not just the weather that's heating up—passionate rhetoric and political grandstanding is on the rise as we wrap up the last phase of polling in one of the world’s largest democracies.
Loved and hated, in equal measure, India’s prime minister, Narendra Modi and his party are expected to return into power. The results of our national election, expected on June 4th, are anticipated to bring continued political stability.
This stability is crucial as India races towards significant economic growth, currently being the world's fifth-largest economy and growing rapidly at 6.8 percent. By 2027, India is projected to surpass Germany and Japan to become the third largest global economy, with a GDP of $7.3 trillion. Positioned to remain the fastest-growing major economy, India's resilience amid global geopolitical challenges is remarkable. The booming real estate sector and rapid urbanisation present a wealth of opportunities for international investors.
At BDP, as we continue to grow and evolve as a global architecture and design company, we recognise that while we've made significant strides in mature markets, there's a vibrant and rapidly expanding market that deserves our focus: India. There is immense growth potential, and we know that we can bring value and success to so many sectors of the built environment through a sustainable approach to design in the Indian market.