India Growth Story
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- India is the second fastest growing economy in the world.
- Numerous studies have concluded that by 2015, India will overtake Japan to be the 3rd largest economy, by 2020 it will overtake USA & by 2050 India would overtake China to be the largest economy in the world.
- By 2025 the Size of Indian Middle Class will rise to around 600 million or over 40 % of its entire population. The impact this will have on demand & consumption is mind boggling
- The Indian retail industry is the 5th largest in the world. With growing market demand, the industry is expected to grow at a pace of 25-30% annually & accounts for over 10% of India's GDP & around 8% of the employment.
- By 2030, India's largest cities will be bigger than many major countries both in population & economic output.
- Indian market has witnessed outstanding growth over past few years. The liberal and transparent financial policies have steered the economy towards free flow of FDI and that is why Indian Market has achieved a sound place in the international arena.
- The market size of the electronics & appliances industry is $45 billion. The Indian electronics & appliances industry is projected to reach $60 billion by 2012 with a CAGR of 11%.
- More than 33% of Indians are below 15 years of age. India has the largest number of people under 30 years of age.
- India's favorable policies to Domestic as well as International businesses has truly made it a “Glocal” destination to be in.
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