The Indian Growth Story
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The Indian Growth Story

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What is driving growth in India and what will inhibit its potential

What is driving growth in India and what will inhibit its potential

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  • 1. India:10 Insights into the Indian growth story
  • 2. Asia 5 Bringing you a flavour of business trends in Asia...in just 5 minutes A Futures Coaching initiative www.futurescoaching.com
  • 3. more workers India will add 10 million new workers to its population everyyear til 2025 (i.e. the equivalent to the size of Portugal each year)Goldman Sachs says: “Indias demographics are astonishing, the most favourable in the World”
  • 4. hard work cultureIn smaller companies, an Indian manager will typically work 11 hours a day, 6 days a week
  • 5. clever workersIndia has second largest pool of science and engineering graduates in the world and churns out 2.3m per year (source: Ernst and Young)
  • 6. entrepreneurs 12 largest population of Highest Net Worth individuals in the World (source: Merrill Lynch, World Wealth Report)
  • 7. spending powerThe number of middle-class Indianswill swell to 267Mn by 2015 – up 67% from todays levels (source: National Council for Applied Economic Research) Per capita incomes are $3703 in PPP-adjusted terms (source: IMF, 2011) Economically, Goldman Sachsforecast that, by 2050, India could be 30 times bigger than today making it easily the third biggest economy in the World
  • 8. versus ChinaIndia has huge differencessome positive, some negative- Autonomous regions- Bickering democracy- Antiquated caste system- Competing faiths- Complicated colonial heritage- Poor transport- Credible legal system- English language speaking- Home-grown technology companies
  • 9. but poverty In 2010, 37% were below poverty line (source: Economy Watch) Whilst 82% of the Worlds population is literate, only 67% are in India Only 11% have health insurance
  • 10. but corruption India is ranked 95th in a corruption perception index (source: Transparency International, 2011)In 2011, the planned anti- corruption bill failed to pass into law Billionaire Ajay Piramal wants to invest but says “the problem is not opportunity...its India”
  • 11. but paralysisIn 2011, Indian Parliament passed just 22 laws – the second fewest since 1952 After a bust up inside Parliament in December 2011, the opposition spoke darkly of “the murder of democracy” http://www.youtube.com/watch?v=Fu8uqMEmyRE
  • 12. but protectionism Will they, wont they? After it looked, finally,that India would open up its retail to FDI, themeasure was blocked yetagain in December 2011
  • 13. LONDON • PARIS Website: www.futurescoaching.comBlog: http://futurescoaching.typepad.com Email: chris@futurescoaching.com