LONDON, July 5, 2016 /PRNewswire/ -- This study provides an insight into the key Mega Trends in India that will impact and shape the country's economy, society, and culture. Understanding these pertinent macroeconomic forces is important to identify the inherent future opportunities and the needs of the customer.
India's GDP will reach $ trillion by 2020, but holds the potential to cross $ trillion if investments and manufacturing growth are more aggressive than expected. In the aggressive growth scenario, India could displace the Germany and become the 4th largest economy by 2025 from its current position as 7th.
India will gradually shift from a services-based economy to an industry-driven economy by 2025 with increased contribution from industries and the manufacturing sector. India's manufacturing sector, in terms of gross value added to GDP (at the current growth rate), could reach $ billion by 2022 and contribute % to GDP.
Maharashtra would account for % of the country's total GDP, and the top 5 states will account for % of country's GDP in 2020.
India is expected to invest an estimated $ trillion in total infrastructure (urban and rural) by 2017. Private investment will constitute about 50% of the investment, most of which will be deployed on public private partnership (PPP) basis. Transport infrastructure would account for a third of the investment.
India's Gen Y constitutes % of the country's population and will join the working-age group, forming % of the working-age population by 2025. This will create the need for an additional million jobs in India by 2020.
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