It's only words.

"India's factory output expanded at the quickest pace since October 2020 last month thanks to strong demand and output, while improved optimism led firms to hire at the fastest rate in six months, a private survey showed." TOI. "The Manufacturing Purchasing Managers' Index, compiled by S&P Global, rose to over a 2-1/2 high of 58.7 in May from April's 57.2, confounding Reuters poll expectation for a drop to 56.5." "Central and state governments collected Rs 1.57 trillion in Goods and Services Tax (GST) in May, 12% more than what they netted from the indirect tax a year ago, the finance ministry said." Mint. "This is lower than the record GST collection of Rs 1.87 trillion reported in April but it's in line with the trend of robust GST revenue receipts, officials said." "India's exports of goods could reach $773 billion by 2030, registering annual growth rate of 7.5%, with exports to Turkiye, Vietnam and Indonesia among the highest growing export destinations, Standard Chartered said in a report." ET. "It estimates imports from China at $212 billion in 2030, growing 8% CAGR and exports at $49 billion." "India is the top destination being explored by multinational corporations as an alternative to China, according to a survey of 100 CEOs who primarily represent foreign B2B-focused firms." ET. "From FY18 to FY23, India's estimated global share in workforce has increased from 22.4% to 24.9% in mean percentage terms, while revenue share has risen from 14.8% to 15.8%." "In a short span of 10 years, India has gained positions in the world order with significant positive consequences for the macro and market outlook, Morgan Stanley Research has said in a report." TOI. Foreigners seem very knowledgeable and optimistic about India. However, words are cheap, what matters is money. "Foreign direct investment (FDI) into India continues on a downward trend, posting its first decline in a decade in the previous financial year." ET. "The decline in concentrated investments flowing into India's software industry is offsetting incentive-induced gains in hardware manufacturing. These incentives are available to a broader basket of manufacturing segments, and the FDI picture could remain cloudy till investments diversify." "Production Linked Incentive, or PLI, scheme of the Government of India is a form of performance-linked incentive to give companies incentives on incremental sales from products manufactured in domestic units." wikipedia. "The GoI has Rs 1.97 lakh cr (US $28 b) PLI schemes for 13 sectors." Research by Prof Raghuram Rajan suggests that the value added in manufacturing mobile phones in India is less than the 6% PLI incentive provided by the government. ET. "A $10 billion push to make semiconductors in India is on shaky ground. Its collapse will expose a major fault line in Prime Minister Narendra Modi's campaign for greater economic self-reliance," wrote Andy Mukherjee. Why are foreigners so sanguine? It's only words, sang the Bee Gees.