CONSUMER MARKETS - The Indian consumer market is set to scale new heights. With an estimated ten-fold increase in middle-class population and three-fold rise in household income, aggregate consumer spending is likely to more than quadruple from around US$ 428.69 billion in 2005 to US$ 1.76 trillion in 2025. Simultaneously, India is likely to leap-frog from being the twelfth largest consumer market in the world to become the fifth largest consumer market in the world, says a study by McKinsey Global Institute.
MEDIA & ENTERTAINMENT - The Indian media and entertainment (M&E) industry is one of the fastest growing industries in the country. Its various segments—film, televisions, advertising, print media and music among others—have witnessed tremendous growth in the last few years. Technology has influenced the entertainment industry in a big way, and transformed content delivery as well as viewership experience. According to a report jointly published by the Federation of Indian Chambers of Commerce and Industry (FICCI) and KPMG, the media and entertainment industry in India is likely to grow 12.5 per cent per annum over the next five years and touch US$ 20.09 billion by 2013.
MANUFACTURING - India's manufacturing base, which is the fourth-largest among emerging economies, is among the fastest growing and has seen more investments as a proportion of gross domestic product than any country except China. Consequently, manufacturers from across the world are transforming India--which has all the required skills in process, product, and capital engineering, thanks to its long manufacturing history and higher-education system--into a potential manufacturing powerhouse. The sector has been averaging 9 per cent in the last four years (2004-08), with a record 12.3 per cent in 2006-07.
"Every major company has India on its radar screen," says Wharton Professor of Management, Saikat Chaudhuri. And the number of companies, spanning diverse industries, planning to make India their global hub for host of operations has only been increasing by the day.
POWER - As the Indian economy continues to surge ahead, electrification and electricity services have been expanding concurrently to support the growth rate. The demand for power is growing exponentially and the scope of growth of this sector is immense. Annual GDP growth rate of about 8-10 % would necessitate a minimum 10 % growth rate in the Indian power sector. The liberalisation of the rules for the participation of private players (both domestic and foreign) has led to the spurt in investment in to this sector. This along with the continuous rise in the government outlay for the power segment meant that there has been a rapid rise in the investments flowing into this sector.
INFRASTRUCTURE - India's infrastructure has been expanding at a rapid pace to support the economic growth rate of over 9 per cent.During 2007-08, the growth in the six core sectors - crude oil, cement, electricity, coal, petroleum refinery products and finished steel – were registered at 5.6 per cent. In March 2008, finished steel registered 21.8 per cent growth compared to 16.6 per cent in March 2007. Significantly, electricity generation registered 3.6 per cent, coal production grew 9.3 per cent and cement production grew by 8.1 per cent during April-March 2007-08. |
