This issue of The Industrial Perspective
highlights the potential untapped sectors of the Indian economy where we can expect future growth in the industry.
- The Indian government is proposing several changes to boost exports and encourage inward investment to drive future growth
- An India presence has become a competitive necessity and the Indian government is actively making changes to ease restrictions for global competitiveness
- An over reliance on domestic demand could curb growth. Exports comprise only 20 percent of India's manufacturing output, compared to 50 percent for China
- Among BRIC countries, India is expected to deliver the highest growth rates over the next 50 years.