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India

India is set to emerge as the world’s fastest-growing major economy by 2016 ahead of China, as per the recent report by The World Bank. India’s Gross Domestic Product (GDP) is expected to grow at 7.5% in 2016.

Top of The Charts

India : Inflation rate 2010 to 2020

The improvement in India’s economic fundamentals has accelerated in the year 2015 with the combined impact of strong government reforms, Reserve Bank of India (RBI)'s inflation focus supported by moderate global commodity prices.

India’s economy has witnessed a significant economic growth in the recent past, growing by 7.3% in FY 2015 as against 6.9% in FY2014. The size of the Indian economy is estimated to be US$ 2.06 trillion for the year 2014-15 compared to US$ 1.89 trillion in 2013-14.

According to a Goldman Sachs report released in September 2015, India could grow at a potential 8% on average from fiscal 2016 to 2020 powered by greater access to banking, technology adoption, urbanization and other structural reforms. This offers immense opportunities for U.S. companies in India.

 

India-Growth-Forecasts-for-2015-2016

India's consumer confidence continues to remain highest globally for the sixth quarter in a row, riding on positive economic environment and lower inflation.

India's foreign exchange reserves were US$ 357 billion in the week up to January 15th, 2016.  

India has emerged as one of the strongest performers with respect to deals across the world in terms of mergers and acquisitions (M&A). M&A activity increased in 2014 with deals worth US$ 39.2 billion being concluded as compared to US$ 28.9 billion in 2013.


India’s Rising Middle Class: 255 million (2015)

India's growing middle class makes it an attractive market for foreign companies and the country's consumer spending is likely to more than double to US$ 24.7 trillion by 2018-19, as per an Economist Intelligence Unit (EIU) study. 

According to EIU, the growing Indian middle class offers immense potential for manufacturers, service providers and retailers. Moreover, rising income levels mean India's huge population of around 1.2 billion is becoming an increasingly important market for consumer goods, and this trend is likely to continue.

A decade from now, India will clearly be a vastly different country than it is today and may very well be Asia’s newest shining economic star. With roots in its rich and diverse past (dating back more than 250,000 years), its religious and philosophical traditions (8 major religions or philosophies of life are actively practiced in the country), its young people’s optimism (more than half of the population is under 25 years of age) and, of course, its growing middle class, India is well on its way to becoming a significant global player in this century. It will be great to watch, and perhaps participate in, its emergence on the world’s stage. This is an opportunity for U.S. companies to look at Indian partners for joint ventures.

 

Key Government Initiatives: Make in India www.makeinindia.com

Make in India

 

New Government of India Initiatives

Strat Up

 

Start Up India

 

India: Among the top 5 users of social media globally
Devices play different roles throughout the day in India 

Devices-play

 

Top 5 E-Commerce Website

 

Number of smartphone users in India (In millions) 

Social Media Growth

 

Growing use of Social Media across India

Social Media across India

 

Growing use of Social Media across India

Social Uses

 

Growing use of Social Media across India

Social Media across India

 

Ease of Doing Business across Indian States

  • The following are the World Bank’s first ever ranking (Dated November 2015) of Indian states on the ease of doing business in India.
  • All Indian states were assessed on the implementation, over a six-month period from January to June 2015, of a 98-point reforms agenda.
     

State In India

Source: World Bank Report, November 2015

 

Key Indian Sectors

Ket Indian Sectors

 

Key Indian Sector2

 

Key- India - Sector