Course summary (Economy of India):
The Economy of India is the 4th biggest economy of the world on the basis of Purchasing Power Parity (Purchasing
Power Parity (PPP)).
- India is one of the most attractive
destinations for international business and
Foreign direct investment (FDI) opportunities
owing to
immense human resources
base, diversified natural resources and strong macro-economic fundamentals.
- The Economy of India has experimented substantial modifications since the introduction of economic reforms in 1991
based in liberalization, privatization and
globalization.
- The actual scenario of the Economy of India has been characterized by optimistic
growth and strong macro-economic fundamentals, particularly with tangible
progress towards fiscal consolidation and a strong balance of
payments
position.
- The growth of Indian middle class, with
increasing purchasing power, along with strong macro-economic fundamentals
have attracted the major auto producers to Indian market.
- 380 million Indians (72 million households) have an annual household
revenue of 10,000 USD (in PPP terms). The economic reforms since the early nineties have unleashed a New entrepreneurial spirit creating a vibrant economy supported by rising per capita
revenue.
Example of the course Economy of India:
Indeed, the rise of the young Indian urban consumer has been a
characteristic of economic transformation
of India. In their mid-twenties, members of this
segment do not think twice before spending on expensive global brands. They are comfortable buying on credit, have bought a house and a
car, something their parents could never have dreamt of doing in their youth.
The house is an investment for them and the car an indulgence.
The Indian industrial sector majorly consisting of heavy and light
engineering, steel, automotive, biotechnology, drugs and pharmaceuticals, food
processing, mines and minerals, fertilizers, etc.
India has established a strong and diversified manufacturing base for production
of a broad variety of basic and capital products to meet the requisites of various
sectors including heavy electrical, power generation and transmission, process
equipment, automobiles, ships, aircrafts, mining, chemicals, petroleum etc. The industrial sector recorded a healthy growth of 10.3%
Automotive, being one of the biggest industries, facilitates the improvement
in various infrastructure facilities like power, rail and road
transport. India is the 2th biggest manufacturer of 2 wheelers of the world, 5th biggest
manufacturer of commercial vehicles as well as biggest manufacturer of tractors.
India is the 4th biggest passenger car market in Asia as well as a home to the biggest motor cycle manufacturer.
Over the years, the engineering industries, both light and heavy
engineering, have registered an impressive growth rate and are having a strong
base in production of various capital and consumer durable products.
Biotechnology
is among the fast growing knowledge-based industrial sectors which has the immense potential to revolutionize agriculture, healthcare, industrial
processing and environmental sustainability. Indian biotechnology segment has been
making fast steps on the global platform. There are large number of
therapeutic biotechnology drugs and vaccines, being produced and
marketed in India and helping mankind enormously. The sector registered a
revenue of USD 1.07 billion and recorded a 36.55% growth in 2005-06.
Drugs and pharmaceutical is another important industry showing
significant progress over the years. It is one of the biggest and most advanced
sectors in the world, acting as a source for various drugs, medicines and their
intermediates as well as other pharmaceutical formulations. Being the intense
knowledge-driven industry, it offers innumerable business opportunities for the investors/ corporates the world over. India has been recognized as one of the leading global players in pharmaceuticals.
The Indian food processing industry is one of the biggest in the world in terms
of production, consumption, export and growth
forecasts.
Telecommunication network of India is the 3th biggest in the world and the
2th biggest
among the emerging economies of Asia.
India is also between the fastest growing
telecom markets in the world.
Indian telecom industry manufactures a complete range of telecom equipments
using the state of the art technologies intended specifically to match the
different terrain and climatic conditions.
India is the 6th biggest energy consumer of the world accounting for
3.5% of the total annual energy consumption of the world. India is the 8th biggest crude steel producing
nation in the world.
The Indian cement industry is greatly energy intensive and is the 3th
biggest user of coal in India.
It is modern and uses latest technology, which is among the best in the world. India is the 2th biggest manufacturer of cement in the world.
In India, services sector, as a whole, contributed as much as 68.6% of the total average growth in GDP between the years
2002-03 and 2006-07.
The Indian software and services (IT services) industry has been moving up the value chain, giving India a formidable brand equity in the Global markets.
Business Process Outsourcing (ITES-BPO) sector has emerged as a key driver of growth for the Indian software and services industry.
"Bollywood" is the name for the typical Indian cinema industry. The name Bollywood Comes as a reference to Hollywood but with the initial "B" for Bombay (Mumbai), the place in India for cinema productions of the same importance.
The number of movies produced in India is the biggest in the world.
India has a vibrant micro and small enterprise sector that plays an important
function in sustaining the economic growth, by contributing around 39% to the manufacturing production and 34% to the exports in 2004-05.
India is the 2th biggest employer of human resources after
agriculture, providing employment to 30 million people (2005-06) in the rural and urban areas of
India.
EENI in Hindi: मास्टर विदेश पार
States of India and Union Territories - Foreign direct investment (FDI) in India - New Delhi - Bangalore - Mumbai - Andhra Pradesh - Gujarat - Haryana - India's Free trade agreements
