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    Global Economy (2) Global Economy (2) Presentation Transcript

    • FASTEST GROWING FREE MARKET DEMOCRACY IN A GLOBAL ECONOMY INDIA
    • Presentation
      • Kushal Chaturvedi
      • Prerna Khare
      • Ashish Katiyar
      • Ritesh Chauhan
      • Ashwini Goyal
      • Anshul Gupta
      • Shrikant Patel
              • THE INDIA STORY
              • INDIAN SUCCESS STORIES
              • INTERNATIONAL SUCCESS STORIES
              • INDIA ADVANTAGE
              • BUSINESS OPPORTUNITIES
              • WINNING ATTITUDE
      CONTENTS
              • THE INDIA STORY
    • 1947 : Year of Indian Independence Today’s India is one of the fastest growing Democratic Market Economy, well on it’s way to be integrated with the world economy The famous Goldman Sachs report ( Dreaming with BRICs: The Path to 2050 ) states that, among Brazil, Russia, India and China, India will grow the fastest over the next 30 to 50 years by leveraging its demographic advantages and through continued development India’s GDP will exceed Italy’s in 2016, France’s in 2019, Germany’s in 2023 and Japan’s in 2032 INDIA TO BECOME THE 3 RD LARGEST ECONOMY IN THE WORLD BY 2032 AND… THE STORY BEGAN IN 1947
              • Planned Industrial Development
              • Industry Licensing and Quotas
              • Dominance of Public Sector
              • Restriction on Private Investment
              • Socialism
              • Mixed Economy
      India Pre - Liberalization
      • Liberalization of
      • Industrial Licensing
      De-licensing De-control De-regulation Broad banding Abolition of registration
      • FERA Liberalization
      Liberalization of foreign investment Liberalization of Technology Import The New Industrial Policy for liberalization-1991
      • MRTP Liberalization
      Abolition of threshold assets limit No MRTP clearance needed for expansions, mergers
      • Curtailment of Public
      • Sector
      Several industries hitherto reserved for public sector opened up to private sector Only eight core industries remain reserved for the public sector Purview of Board for Industrial and Financial Reconstruction ( BIFR) extended to Public sector The New Industrial Policy for liberalization - 1991
              • Government’s role changed to Regulator from Licensor
              • All Licenses Rationalized
              • Active participation of private sector
              • FDI being Welcomed (100%) - Automatic Route
              • Barriers Dismantled & Procedures Simplified
              • Indian Industries Actively Investing Abroad
              • Bureaucracy - Less Government is Good Governance
              • Allowing Market Forces to Govern the Efficient Allocation of Resources with Minimum State Intervention
              • Reducing and rationalising foreign trade barriers
      India Liberalization Stage - Strategies Developed
              • India - One of the fastest growing economies in the world
              • Average GDP growth (199 5 -200 5 ) : 6.2 % per annum
              • Average annual growth (1995 - 2005)
      • Agriculture & Allied : + 2.1 % per annum
      • Industry : + 6.6 % per annum
      • Services : + 7.8 % per annum
              • Average Per Capita Income growth (1995 - 2005): 3.8 % per annum
              • Inflation down to a single digit level continuously for the last ten years
              • Foreign exchange reserves increased from US $ 2 b (March 1991)
              • to US $ 145 b ( September 2005 )
              • Merchandise Exports : +20 % average rate of growth in last three years
              • Booming Services Exports from US $ 4.6 b in 1990-91 to US $ 51.3 b in
              • 2004-05
      Economic Scenario : Post Liberalisation
              • B alance of P ayments surplus (US $ 26 b in 2004 - 05)
              • External Debt Service Ratio down from 26.2 % in 1995 to 6.2 % in 2005
              • Foreign Direct Investment (FDI) : Average +US $ 5 b pa in the last
              • five years.
              • Foreign Portfolio Investment : US $ 11.4 b in 2003-04 and
              • US $ 8.9 b in 2004-05
              • Reforms continuing and have unleashed dynamic forces –
              • putting the economy on a trajectory of unparalleled economic
              • growth in the future
              • The Indian Government is working in close co-operation with
              • industry and trade to mitigate the remaining problems and
              • constraints
              • Broad c onsensus across the political spectrum on the need for
              • and direction of the reforms . Some issues still need to be resolved
      Economic Scenario : Post Liberalization
    • Share Of Services Sector In GDP On The Rise (%)
      • India
      • the world’s most irrigated land mass
      • world’s 2nd largest exporter of rice & 5th largest exporter of wheat
      • Food production: India’s Ranking in the World
        • 1 st Tea, Milk
        • 2 nd Rice, wheat, sugar
      Agriculture
              • Rate of growth
              • 2003-04 7 %
              • 2004-05 9.2 %
              • 2008-09 12%
              • Diversified base of world class capabilities
              • State-of-the-art technologies
              • TQM,TPM, Six Sigma & Lean Manufacturing - part of
              • everyday practice
              • Diversified industrial base with supporting ancillary industries
              • Overseas acquisitions worth US$ 500 m
      Manufacturing
              • Consistent growth
              • 2003-04 9.1 %
              • 2004-05 8.9 %
              • 2008-09 11.3%
              • Sectors Driving Growth
              • - ITES
              • - Healthcare
              • - Financial Services
              • - Education
      Source :Economic survey, 2004 - 05 Services
    • Average GDP growth - India & the World Rising share of India’s external trade in GDP
              • Land Area: 3.29 m sq. km.
              • Population: 1.32b
              • GDP: US $ 1.209 tn
              • Real GDP Growth: 6.7%
              • Gross Domestic Savings: 32.1 % (2008 - 09)
              • Gross Domestic Investment: 29.4% (2008 - 09)
              • Per C apita Income: US $ 1016
              • Inflation Rate: -0.21 %
      Macro Economic Indicators (2008 - 09)
              • INDIAN SUCCESS STORIES
            • Number of foreign firms acquired 132
            • by Indian companies during
            • 2008 - 09
            • Total worth US $ 1.9 b
            • India - 6th largest investor in the UK
            • No of investments 564
            • No of Indian companies with 1,476
            • operations in Singapore
      Indian MNCs - On a global buying spree
              • Hero Honda - Largest producer of motorbikes in the world
              • Moser Baer - World’s 3rd largest producer of optical media
              • Hero Cycles - World’s largest bicycle producer
              • Bharat Forge - Amongst the world’s top 3 forgings manufacturers
              • UB Group - World’s 2nd largest producer of alcoholic beverages
              • Paharpur Cooling Towers - World’s 2 nd largest manufacturer of
              • Cooling Towers
      India – Leading The World
    • India – Leading The World
              • Apollo Hospitals - Single largest hospital chain in South Asia
              • TISCO - world’s cheapest producer of steel
              • Reliance Industries - World’s largest producer of PTA, a chemical
              • used in textile production
              • Mahindra & Mahindra - Amongst top 3 tractor manufacturers in the
              • world
              • Telco - Amongst top 3 truck manufacturers in the world
              • Welspun - World’s largest producer of terry-towels
              • Gujarat Ambuja - Amongst top 5 cement producers in the world
    • Some Indian Examples Benchmarked with the Best In The World
    • Success Story of RELIANCE The Reliance Group founded in 1932, is India's largest business house with total revenues of over US $ 56.7 b and exports of US $ 20.3 b It began as a an SME The Group's activities span exploration and production of oil and gas, refining and marketing, petrochemicals, textiles, financial services, insurance, power, telecom and infocom initiatives The Group exports its products to more than 100 countries the world over Reliance Group revenue is equivalent to about 3.5 % of India's GDP The Group contributes nearly 10 % of the country's indirect tax revenues and over 6% of India's exports Today, the Reliance Group has one of the largest family of shareholders in the world
    • Success Story of WIPRO Wipro was set up in the backdrop of the small town of Amalner in Maharashtra in 1945 An SME and primarily an oil factory, the chief products were Sunflower Vanaspati and 787 laundry soap It was in the early eighties that Wipro made its foray into the Infotech arena With this began the Wipro Infotech story Today, Wipro stands at the firmament, as a trusted and experienced provider of a comprehensive range of IT services, solutions and products, worldwide  
    • Success Story of BHARTI Bharti Enterprises has successfully focused its strategy on telecom while straddling diverse fields of business It all began as a Small Industry Bharti Tele-Ventures is today acknowledged as one of India's finest companies, and its flagship brand 'Airtel', has over 12 million customers across India Recently, Bharti has successfully launched an international venture with EL Rothschild Group owned ELRO Holdings India Ltd., to export fresh Agri- products exclusively to markets in Europe and USA
    • Success Story of DR.REDDY’S Dr.Reddy’s Laboratories was founded in 1984, with a capital of US $40,000 in cash and US $120,000 in bank loan In fact, it is this spirit of entrepreneurship that has shaped the company to become what it is today Today, the company with revenues of US $446 m, in fiscal year 2005, is India’s second largest pharmaceutical company and the youngest among its peer group Dr. Reddy’s started its drug discovery programme in 1993 and within three years it achieved its first breakthrough by out licensing an anti-diabetes molecule to Novo Nordisk in March 1997 With this very small but significant step, the Indian industry went through a paradigm shift in its image from being known as just ‘copycats’ to ‘innovators’! Through its success, Dr. Reddy’s pioneered drug discovery in India Today, the company manufactures and markets API (Bulk Actives), Finished Dosages and Biologics in over 100 countries worldwide, in addition to having a very promising Drug Discovery Pipeline
              • INTERNATIONAL SUCCESS STORIES
    • MNCs leveraging the India Advantage
    • * FDI INFLOWS TO INDIA
      • More than 100 global companies outsource R&D facilities from India
      • GE John F Welch Technology Centre – Company’s largest research outfit outside the USA
      • Monsanto – First non-US research facility
      • Eli Lilly – largest research facility in Asia and 3 rd largest in the world
      • Texas Instruments – Digital Signal Processor developed in India – controls 50% of the world market
      • AVL, Austria – India as base to do R&D for the company’s Japan centre
      International Brands Utilizing The Indian Knowledge Base
      • Beiersdorf
      •  
      • Problems at beginning:
              • Existence of rival company (Nivea) in the market (personal hygiene market)
      •  
      • Reason for success :
              • Relative name recognition
              • Adaptable Indian staff
              • Suppliers who are willing to cooperate
              • Immense support in form of technology and know-how transfer from side of Germans
              • Great market potential
      • What is important for business-collaboration with India?
              • Patience and endurance
              • Local manager who knows mother company
              • Collection of experience through business connections
      Case Study of Selected Companies in India
              •  
      • Why India?
      •  
              • Great resources of highly qualified scientists as staff
              • Availability of human capital with low labor costs
              • Internationality:
              • English language and understanding of European culture (due to British history, existence of numerous institutions, administrations, school etc)
              • Economic Policy
      Case Study of Selected Companies in India
    • “ Quite simply, I was blown away by what I saw on my first trip to India ” Stephen Roach , Managing Director & Global Chief Economist, Morgan Stanley 2008 “ India's highly educated workforce, management talent, rule of law, transparency, cultural affinity and regulator environment are more favorable than China's. ”  A T Kearney, FDI Index 2008 " We want to bring to the world various facets of this extraordinary country, its people and progress "  C hris Cramer, International Managing Director, CNN 2008 "India has the potential to deliver the fastest growth over the next 50 years with an average rate of more than 5 per cent a year for the entire period” D ominic Wilson, Senior Global Economist and Vice President, Goldman Sachs 2005 India – A Preferred Destination
              • INDIA ADVANTAGE
    • Trained manpower and knowledge base Rich biodiversity Excellent network of research laboratories Well-developed base industries Pro active policy framework Proficiency in English Low manpower costs The India Advantage
    • Demographics: A strong demand driver
    • Source: IMD Competitiveness Yearbook 2003 Source: UN, Morgan Stanley Growing Knowledge Pool
    • Costs for offshore work 30 - 50 % lower than in USA / Europe The Cost Advantage
    • Low Wages
              • 10th largest economy in the world - 4th in terms of PPP
              • Will overtake Japan in PPP terms by 2010, to be 3 rd largest in the world
              • Large entrepreneurial base and diversified manufacturing structure
              • Large reservoir of skilled labour at internationally competitive cost
              • Vast pool of scientifically and technically qualified manpower of 20m
              • A large domestic market - 300 m + strong middle class population
              • having substantial purchasing power
              • Largest democratic set - up
              • A broad based and transparent legal framework including arbitration
      India - Economic Enablers
              • Vast network of bank branches, financial institutions and well-organized
              • capital and money markets
              • A network of technical and management institutes of highest
              • international standards for development of human resources
              • India has a record of meeting its international financial obligations as
              • per schedule and has never been a defaulter
              • No communication barrier, as English is the most prevalent business
              • language
              • Strong and vibrant small scale sector that is keen to establish
              • strategic alliances with their foreign counterparts
      India - Economic Enablers
              • Supportive infrastructure base
              • Strategic location for third country markets, particularly in the rapidly
              • growing south and south-east Asian countries
              • The strategic location of India and its easy and efficient access to the M iddle E ast, E ast European countries, CIS countries, Africa, S outh E ast Asia and Asia-Pacific countries places it in a unique position as a sourcing ground for entering into strategic alliances in export-oriented industries
              • Foreign companies can take advantage of India’s strategic location and tap the markets of these countries.
              • India is slowly but surely emerging as an attractive destination for foreign investment
              • Liberali z ed industrial and foreign investment policies
      India - Economic Enablers
              • Recognising the need and the potential in certain areas, the Government has also come out with specialised packages of incentives for setting up projects in the fields of power, roads and highways, telecommunications, mining, drugs and pharmaceuticals,hydrocarbons, shipping and ports, tourism, electronics, food processing, etc
              • The Government is vigorously promoting and approving foreign direct investment keeping in view the objective of attracting at least US $ 10 b per annum
              • The Government is very keen to attract sizeable foreign investment into infrastructural projects like roads, power, ports, telecommunications, etc. as the demand for infrastructural services is expected to rise several times to match the projected economic growth of around 8 % per annum in the next ten years
      India - Economic Enablers
      • Sector FDI Limits
          • Defence up to 26 %
          • Telecom up to 74 %
          • Civil Aviation up to 49 %
          • Real estate & construction sector up to 100 %
          • Integrated township development up to 100 %
          • Tea plantation up to 100 %
      India - Economic Enablers
            • Road length 2.5 m km
            • Second largest road network in the world
            • Railway routes 63,000 km
            • Cargo handled 298 m tonnes
            • Electricity installed capacity 126,000 MW
            • Sixth in world electricity generation
            • Telephone Connections 77 m lines
            • Fixed lines (Dec, 2008) 44.76 m
      Source: Department of Economics & Statistics, Tata Services Ltd The India Advantage: Infrastructure
    • Indian Brains Abroad
              • Though foreign multinational have dominated the research agenda in India
              • to date, a growing number of Indians who have worked abroad are
              • returning home with cash, contacts and confidence to set up companies
              • of their own
              • These are people who have the experience and exposure to best practices
              • abroad
              • For the first time, Indians who have been exposed to the world, realize they
              • can do something just as good and they can be world-class
              • They have an attitude to meet challenges and succeed and also give back
              • something to their country
              • 35 % of Doctors in USA
              • 36 % of NASA Scientists in USA
              • 35 % of Silicon Valley Start-Ups are by Indians
              • India emerging as outsourcing hub
              • BUSINESS OPPORTUNITIES
    • Opportunity in various Industry Sectors
              • Software
              • Biotechnology
              • Outsourcing
              • Retailing
              • Real Estate
              • Auto Components
              • Telecommunication
              • Media & Entertainment
              • The Software industry in India is witnessing an explosive growth and expects
              • to generate US $ 87 b including US $ 50 b from exports by 2008
              • More than 150 global business giants have set up research and development
              • facilities in India
      • Some of these firms are GE, Microsoft, TI, HP, IBM, Daimler Chrysler and
      • Motorola
              • Bangalore has over 150,000 software engineers and a concentration of
              • hi-tech companies
              • Delhi and NCR is the 3 rd largest exporter of Software services from India
              • More than 100,000 software professionals enter the Indian market each year
      Opportunities in Software
    • Opportunities in Software – The China Connection
              • China has a worker base equal to India's in terms of cost, quality
              • and scale
              • In future, the Indian software Industry will use China as a base to
              • cater to the local markets including Japan
              • Indian firms such as HCL, TCS, Infosys and Wipro have already
              • opened centers in China to outsource technology talent
    • Opportunities in Telecommunication
      • Until 2003, during the more than forty years of government monopoly, there
      • were 11.4 m telephone connections
      • There are 46.2 m fixed line subscribers and 52.2 m mobile phones
      • The mobile phone market is growing at 3.7m per month
      • Estimated rise in Cellular by 100 m subscribers by 2010
      • Basic telephone connections 175 m by 2010
      • 100 % FDI in telecom equipment manufacturing
      • Almost 2 m wireless subscribers getting added every month
      • Unlike many developed countries, the GSM and CDMA technologies co - exist
      • The outsourcing boom would not have occurred without the private telecom
      • sector
              • The Indian media and entertainment industry, with the prominent
              • segments being films, television, and music has grown in recent times
              • The entertainment industry is currently generating revenue of US $ 7.2b
              • The average growth budget for films has been increasing by 15 % p.a
              • Another high growth segment of the entertainment industry is television
              • broadcasting
              • The present size of this segment is estimated to be US $ 1b
              • The penetration of cable TV, in the rural segment is expected to
              • grow by 12 % pa
              • The music industry in India is expected grow at 20 % pa
              • FM radio broadcasting has been privatized
      Opportunities in Media & Entertainment
    • Opportunities in Biotechnology
              • Biotechnology is a fast emerging sector in India
              • The consumption of biotech products in India was US $ 1.8 b
              • in 1999 and is expected to cross US $ 4.2 b by 2010
      •  
              • It is estimated that 10 % of the researchers and 15% of the
              • scientists in pharmaceuticals and biotech R&D in USA are of
              • Indian origin
              •  
              • India is churning out 2 m graduates, 300,000 post
              • graduates and 1,500 PhD's, every year
              • Biocon, the first biotech company was launched in 1978
              •  
              • Indian Firms such as Shantha Biotech, Bharat Biotech,
              • Dr. Reddy's Lab and Biocon are all very successful firms  
      •  
    • 2002- 03 2010 25 % growth in investment 70 % growth in employment 74 % growth in R&D manpower 10 % of global industry 1 m skilled jobs US $ 5 b annual revenues Source: Confederation of Indian Industry (CII) Size 2003 - 04 US $ 705 m Biotech Market - A consistent Uptrend
    • Volume – wise 8 % of global market 4 th largest in the world CAGR (2004 - 2009) 21.6 % Exports 27.3 % CAGR(2004 - 2009) Size (2008- 09) US$ 13 b Share of formulations 80 % Size 2010 (estimated) US$ 25 b Pharma Market
    • Opportunities in Real Estate
              • The US $ 50 b Indian real estate market is booming and expected to grow at
              • 25 per cent annually
              • The boom owing to the consumption powered growth of the country's
      • economy has seen investors planning nearly 250 new shopping malls
      • by 2008, as against just three that existed till 2002
              • The central government adopted a regulation in 2005 allowing
              • foreigners to bid for Indian construction projects with local partners
              • and also reducing their minimum land - holding limit from 100 acres to
              • 25 acres
              • Enthused by the liberalized investment guidelines, a slew of foreign
              • builders are rushing to launch projects in Asia's third largest economy
              • Expected annual shortfall of 20 m housing units by 2011
              • Mumbai alone would need more than 180,000 housing units
              • An opportunity – for developing large- scale commercial and residential
              • townships in six cities – Kolkata, Bangalore, Mumbai, Chennai, Hyderabad
              • and New Delhi
    • Opportunities in Auto Components The Indian automotive industry has grown at a staggering pace over the last few years The US$ 6.8 b industry has registered a CAGR of 17 % between 1998 - 2003 and is projected by ACMA to grow at a 15 % CAGR till fiscal 2012 The opening up of the sector over the last decade has caught the attention of global auto majors In the 1990’s, economic liberalization allowed foreign automakers such as Hyundai, Ford, Toyota and GM set up base in India They also persuaded their overseas components suppliers to set up local manufacturing bases in India For example, Delphi followed General Motors and opened their plant in the state of Gujarat in 1995 and Visteon followed Ford in 1998
    • Opportunities in Auto Components
              • Present Industry size US $ 9.2b
              • By 2012 US $ 17b
              • Total Exports By 2010 US $ 7-8b
              • Key Features
              • - Suitability as a low cost manufacturing base for MNCs
              • - Costs 20 - 30 % lower, compared to USA
              • - High product quality, superior design & engineering
              • capabilities
      * Source: ACMA
              • The Indian Outsourcing industry is moving up the value chain
              • It is BPO today but the future is for Knowledge Process Outsourcing
              • (KPO), Financial Process Outsourcing (FPO) and Legal Process
              • Outsourcing (LPO)
              • It is providing value through domain expertise rather than process
              • expertise
              • India, in the new knowledge economy, is all set to emerge as a global
              • KPO,FPO and the LPO hub
              • It is estimated to capture 71 % of the world market by 2010 against
              • 56 % today giving it a market of US $12 b
              • There are new opportunities, given that there is a serious shortage of
              • quality teachers, in the USA
      Opportunities in Outsourcing
              • The remote education market is expected to be US $ 15 b by 2008
              • The current leaders are Engineering design – US $ 400 m, basic
              • data search, integration and management – US $300 m and Biotech and
              • Pharma – US $ 280 m
              • The Compounded estimated annual growth of KPO for India is 50 %
              • whereas BPO will grow at about 30 %
              • KPO is expected to engage 250,000 people by 2010
              • It will be in areas such as biotechnology,animation and graphics,design
              • in aerospace & automotive, health care, pharma research, learning
              • solutions, data management, customer analytics and entertainment
              • FPO will include insurance underwriting, risk assessment, equity
              • research and corporate market research
      Opportunities in Outsourcing
      • The ongoing buoyancy in India’s spending, arising from the changing demographics and the resultant rise in income levels, has resulted in a distinct consumer preference for value-added products across the retail spectrum, providing a platform for the rapid growth of the retailing sector which could emerge as one of the fastest growing sector in coming years
        • Organized retailing industry to rise from US $ 4b to US $ 15b by 2010
        • The total retailing industry, estimated at US $ 200b is largely in the unorganized sector with organized retailing accounting for less than 2 % (US $ 4b)
        • The organized retailing segment to grow fourfold in 5 years
        • According to NCAER, the Indian middle class (household income between US $ 4,500 – 23,000) currently at 92m, is expected to cross 153m by 2010
        • Substantial mall construction:
        • The number of malls is expected to rise from the current 40 to around 250 by 2010
        • Close to 50m sq. ft. of retail space is expected to be developed over the next 5 years
      Opportunities in Retail Sector
              • WINNING ATTITUDE
      •   Differentiating themselves through the products and services they provide
      • Standing out by creating special interfaces with their customers and building
      • unique ways by which they can be held accountable by them
      • Building a very strong quality story
      • Benchmarking innovations against well set, globally accepted standards and
      • aim for targets, creating an environment and culture of innovation within the
      • organization
      • Developing systems to nurture innovation making full use of the availability of
      • information and by rightful dissemination of knowledge to foster goal driven
      • innovation
      • Building efficient processes to cut time - to- market
      • Providing opportunities to their people to do roles that go beyond their
      • existing work profiles
      • Providing continuing education
      It Is All About Attitude - Management
      • Need to tone up  their skills
      •  
      • More adaptive thinking
      • Greater entrepreneurial drive to find new horizons of growth with a competitive
      • spirit
      • Foresight with a fierce unrelenting passion to execute and act today to improve the
      • future
      • Bring change more aggressively and lead the organization to implement
      • sustainable changes
      • Energizing their team and inspiring them for excellent team performance
      • Delegating authority to allow people to perform
      It Is All About Attitude – Business Person
      • Ability to reach out to a wide international network for ideas and problem
      • solving
      • Understanding on how things get decided and done
      • Using customized strategies to influence specific stakeholders
      • Executive maturity and emotional wisdom to respond to others and
      • embody the aspirations of ones organization
      • Inner strength to do the right thing at the right time
      • Courageous dedication to super ordinate goals, doing what is right and
      • what will make India great
      • To keep learning and be abreast of new technology
      It Is All About Attitude – Business Person
    • THANK YOU