Business Opportunities in India - By: Rajesh Kumar Tewatia

Overseas business should find business opportunities in India because in 2012 Indian economy is expected to grow at 8.7%, more than china’s 8.4%. Although India has been the second fastest growing economies in the world after china, so it is already a better market for the business expansion but the forecasting of Indian economy growth by the World Bank makes it more suitable, profitable, reliable and easy to expand business market.

Other stats says that India will be the third largest economy in the world by overtaking Japan, currently it is at the fourth place after US, China and Japan. It is due to the slowdown in the Japan’s economic growth caused by the devastating tsunami and earthquake in March 2011.

In the recent years, foreign business investors have expanded their business in India in several fields like manufacturing, information technology, healthcare, financial services and electronics equipments, although China have covered the most of this investment but it doesn’t tell that you should not choose India as your business expansion destination. A better business consulting in India can help the businesses for the successful expansion.

The above three stats are enough to describe “why you should Expand in India”. Below are some the fastest growing sectors where you can grow you business.

Agriculture, Food and Drinks: Opportunities in the agricultural sector in India cover a wide range of sub-sectors, including commodities, beverages and processed foods and products of genetics. It is expected that the growth of this sector will be stimulated by the increasing number of middle-income households, high rejuvenation of the population and major changes in terms of lifestyle.

Information technology and communications (ICT): The Indian telecommunications industry has one of the fastest expansions in the world. It is the world’s second largest in terms of the no. of subscribers. The number of subscribers of mobile multiplies at a rate above 80 percent, Internet access, meanwhile, has a phenomenal growth rate in parallel with the increasing deregulation, to increased educational attainment, lower personal computer prices and increased consumer awareness. In addition, the Indian market for wireless broadband (Wi-Max) is on track to expand considerably as a result of new licenses issued by the government and the new telecommunications policy adopted in 2009. Cinema and entertainment also form a stronger industry in India, which relies heavily on special effects and animation.

Life Sciences: While the biotechnology industry in India holds only 2 percent of the world market at present, it is likely to become a major player on the international stage. According to some analysts, the industry, which grew 20 percent during 2008-2009, could see its revenue quadrupled in next five years.

Education: The growing dynamism of the economy and the prosperity that results stimulate the demand for quality education in India. Despite its vast network of educational institutions, the growing demand for quality education far outstrips supply. An estimated 160 000 the number of Indian students who study abroad each year, Canada welcomes the very few, although their number is growing rapidly.

Electricity and Renewable Energy: To support economic growth, India is about to quintuple its installed capacity within the next 20 years, which will effectively provide overseas companies with opportunities in the short and long term the entire energy sector. Efforts are increasing in the field of new and renewable technologies, a particular emphasis on clean energy and the fight against climate change.

Transportation infrastructure: The government of India estimates $500 billion spending in next 10 years in the infrastructure sector, where the private sector will be most active. There are significant opportunities for investors and overseas companies with international experience in planning, engineering and implementation of projects, feasibility studies and environmental impact studies and construction.

About the Author

Author recommends first to do a market research, find a business partner in India and then make it to the business expansion.

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