Executive Insights on South Asia--Rising India in Focus
NEW YORK, Feb. 15, 2016 /PRNewswire/ -- Executive Insights on South Asia—Rising India in Focus : India Shining—Exploring Trends and Emerging Opportunities
This market insight expands on the points of a Web briefing and covers additional topics. It is supplemented by an Excel sheet with key macroeconomic data pertaining to India for a better understanding of trends and growth opportunities. It includes an overview of growth, foreign direct investment, and the business environment in South Asia; a political, economic, and social snapshot of India; analysis of India's start-up revolution; coverage of the government's Make in India, Digital India, and Smart Cities Mission programs; and a look at infrastructure development and the automotive, pharmaceutical, civil aviation, and energy industries.
Executive Summary
South Asia's real GDP growth is expected to rise from % in 2015 to % by 2020, largely supported by India's robust growth, while other regions globally are only expected to experience % or less growth by 2020.
Foreign direct investment (FDI) inflows to South Asia grew at a compound annual growth rate (CAGR) of % between 2010 and 2014. India was the 7th-largest global recipient of FDI inflows in 2015 and the 9th-largest in 2014.
% of South Asian economies made at least reform in 2014–15 to make business easier to do. Sri Lanka and India implemented the most reforms in the region between 2009–10 and 2013–14. India's GDP growth is expected to rise from % in 2014–15 to % by 2020. The country has managed to reign in inflation, which is expected to decline further from % in 2014–15 to % by 2020–21.
India is witnessing the rapid multiplication of tech start-ups. The government announced a host of incentives to support start-up growth in January 2016.
The Digital India program launched by the government in July 2015 seeks to augment digital infrastructure and has received investment support from the likes of Facebook, Google, and Microsoft.
The first cities targeted to become smart cities was announced in January 2016. These cities are expected to received $ million annually in central financing for years.
Easing of FDI limits and creation of an online single-window portal to apply for important documents as some of the reforms undertaken in association with the Make in India program.
% FDI is now allowed in almost all areas of railways. In 2015, India handed out contracts worth $ billion to General Electric and $ billion to Alstom for domestic locomotive manufacturing.
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