India Business Outlook 2011 Greg O’Connor Principal Commercial Officer U.S. Commercial Service U.S. Embassy, New Delhi
India Today Source: Based on 2010 India Fact Sheet / CIA Fact File 7 th largest country in the world Most populous democracy in the world 71% of the population is under the age 35)
The Faces of India
“No problem, Sir” – You have a problem “Will be done in 5 minutes” - Better check the next day “Almost done”. – He'll get started now The Head Bobble Can you Count?? Lakh thousand (1,00,000) Crore lakh (10,000,000) “No problem, Sir” – You have a problem “Will be done in 5 minutes” - Better check the next day “Almost done”. – He'll get started now The Head Bobble Can you Count?? Lakh thousand (1,00,000) Crore lakh (10,000,000) The Language of India
The Paradox of India
8-9% GDP growth Per Capital GDP is $3400 Inflation of 11.7 % Exports of $201 billion U.S. is Second Largest Export Market % Imports of $327 billion U.S. is Second Largest Source of Imports % Economic Environment
Your Firm Should be in India Large and Growing Domestic Market Stable Government Sound Economic Fundamentals Steady Economic Reform
165 M 4,183 per day 550 M 2,27,000 per day 750 M 20 million travelers per day Consumer Growth 26,675 per day 1.4 M Liters per day
US-India Trade ($ Billions)
Key Growth Sectors Energy Civil Aviation Defense Healthcare Telecommunications Infrastructure Services
India – Key Growth Sector Energy Sector - Opportunities in Clean Energy; Renewable Energy; Oil & Gas Civil Aviation - Procurement of over 1000 airplanes over the next 20 yrs Defense - Largest global buyer at $60 billion over next 5-7 years.
India – Key Growth Sector Healthcare Sector - Estimated at $50 billion. Telecom Sector -Broadband Wireless/WIMAX opportunity of about $3 billion. Infrastructure Sector -$1 trillion investment over the next 5 years in Power, Ports, Airports, Roads, etc. Services Sector - In 2009, the services sector was valued at $680 billion
Out of 183 Countries, India Ranks: Ease of Doing Business134 Protecting Investors44 Trading Across Borders100 Enforcing Contracts182 Ease of Doing Business Source: World Bank 2011
Commercial Service India 50 Professional Staff in 7 Locations Strategically Focused Your Business Solution Provider
Let Us Help You Services Customized Matchmaking Services Partner Searches Background Checks on Local Companies Trade Missions and Events Advocacy Commercial Diplomacy 3 Ps (Preparation, Persistence and Patience) = SALES
You Can Succeed in India