While India is known for being a giant in information technologies (IT), other industries like the automotive industry, consumer goods, and infrastructures are now economic drivers as well.
Heavy investment growth can be seen in healthcare, space and defence (180%), the plastics industry (142%), renewable energies (105 %) and medical equipment (87 %). Likewise, with (recorded and forecast) annual growth rates of some 15%, the dynamism of the Indian pharmaceutical industry is inarguable. Biotechnologies, innovation, and paramedics appear to be the new growth relays.
India, which according to Ernst & Young is emerging as the world’s future industrial export centre, indeed offers a wide range of opportunities for foreign investors.
Global Source: First study by Ernst & Young devoted to India’s attractiveness
Did you know ?
1/ India is a top destination for private clean energy investment, according to a research report released by The Pew Charitable Trusts.
India’s clean energy sector continued to flourish in 2011, with private investment increasing 54 per cent to US$ 10.2 billion, placing the country at sixth position among the G-20 nations.
This was the second highest growth rate among the G-20 nations.
2/ India is the global leader in the IT-business process outsourcing (BPO) industry with half of the world’s back office being located here.
Indian outsourcing revenue at US$ 59 billion for 2011, accounts for 51 per cent of the global offshore market share, as per a report by Tholons Research.
The total direct employment by Indian IT-BPO sector (as of 2011) was 1.98 million and indirect employment was 7.5 million
3/ The Indian internet economy is expected to touch Rs 10.8 trillion (US$ 203.77 billion) by 2016, according to a report titled ‘Connected World Series study’ by the Boston Consulting Group.
India’s internet economy’s growth rate of 23 per cent makes it the second fastest across the G-20 countries and ahead of many other developing nations.
The report ‘The $4.2 trillion Opportunity: The Internet Economy in G-20′, further notes that if the internet were a sector, it would be the eighth largest in India.