Corporate India -20 Years hence Presented by: Bharat Jhalani July 2008
Intro For most of its post-independence history, India adhered to a socialist approach with strict government control over private sector participation, foreign trade, and foreign direct investment. However, since 1991, India has gradually opened up its markets through economic reforms and reduced government controls on foreign trade and investment. Foreign exchange reserves have risen from US$5.8 billion in March 1991 to US$300 billion in March, 2008, while federal and state budget deficits have decreased.
Intro With a GDP growth rate of 9.4% in 2006-07, the economy is among the fastest growing in the world. India's GDP in terms of USD exchange-rate is US$1.089 trillion. When measured in terms of purchasing power parity (PPP), India has the world's fourth largest GDP at US$4.726 trillion. India's per capita income (nominal) is US$977, while its per capita (PPP) is US$2700.
Indian Economy- 20 years hence <ul><li>India's economy will surpass Japan's to become the world's third largest economy, behind the United States and China. </li></ul><ul><li>India would be 5 th largest consumer increasing 4.5 times from Rs.15,00,000cr. to Rs.70,00,000cr. </li></ul>
Corporate India <ul><li>Telecommunications </li></ul><ul><li>Indian telecommunication Industry is one of the fastest growing telecom market in the world. The mobile sector has grown from around 10 million subscribers in 2002 to reach 150 million by early 2007 registering an average growth of over 90% yoy . </li></ul><ul><li>Estimated to grow to 500 million at the end of 2010. </li></ul>
Corporate india <ul><li>Software </li></ul><ul><li>India is the largest software manufacturer in the world. </li></ul><ul><li>India is home to 600,000 software developers, which would grow to three million in five years. </li></ul>
Corporate India <ul><li>Energy </li></ul><ul><li>India shares with other nations the desire for affordable energy to fuel its economic growth without harming the environment. Achieving this, will require technological ingenuity, pathways that minimize economic costs and political determination. </li></ul><ul><li>India would have to consider new projects for linking electricity grids, building gas pipelines, promoting regional hydroelectric stations, stockpiling oil on a cooperative basis and pursuing nuclear energy options. </li></ul>
Corporate India <ul><li>Health Care and Life Sciences </li></ul><ul><li>It is estimated that the global life sciences market will be in the order of USD 2 trillion in the next five years. </li></ul><ul><li>India can provide a whole range of services, from medical transcription to telemedicine through a modern information and communication infrastructure. </li></ul><ul><li>Clinical services for aliments outside the scope of medical insurance or for disabilities involving a long waiting time can be performed in India in state-of-the-art facilities. </li></ul><ul><li>The emergence of private corporate hospitals, with state-of-the-art equipment, people and processes motivates me to think in this manner. </li></ul>
Corporate India <ul><li>Food and Agriculture </li></ul><ul><li>India has about 13 percent of the world's arable land, receives 4% of the world's annual fresh water supply through rainfall each year, is blessed with twelve major river basins, enjoys good sunshine, has a wide range of agro climatic conditions ard has a large number of scientific and technological resources devoted to this sector. </li></ul><ul><li>India has 400 million acres of irrigated land and 75 million acres of wasteland at its disposal. </li></ul><ul><li>We must promote plant metabolic engineering research, privatize the irrigation sector, build rural roads on an unprecedented scale and on a priority basis, and create a national cold chain infrastructure. </li></ul>
Conclusion <ul><li>In conclusion, I would strongly advocate that India needs a bold new vision and a feasible action plan to be a global economic superpower. </li></ul><ul><li>A vision and an action plan that is regenerative. That revives, renews and revs up the country. </li></ul><ul><li>India has to focus on targeting a top line GDP of 9 trillion US dollars in twenty years. </li></ul><ul><li>India has to harness global opportunities in the food and agriculture, manufacturing, infocomm, health care sectors. </li></ul><ul><li>India has to manage its water and energy resources judiciously. </li></ul><ul><li>India has to make significant investments in infrastructure, professional resources development, education and research. </li></ul><ul><li>Finally, Indian society must foster competitiveness, proactive government and strong leadership abilities. </li></ul>