India
Business and Professional Services Sector Review
Definition and scale of sector
- Legal, accountancy,
- Market research,
- Management consultancy,
- General business services,
- Advertising,
- General research
Why the sector was chosen in the West Midlands
- Significant forecast employment growth centred on Birmingham City Centre.
- Need for an adequate supply of skilled workers.
- Focus on specialist activity such as intellectual property rights and construction
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India Budget 2007-08
The central budget is a powerful instrument of economic policy. A finance minister could use it to pursue major macroeconomics objectives. Two issues are important just now. First, there is the recent emergence of inflation. Some inflation is always there in the Indian economy, but now risen over 6 percent a year.
Second, there is growth of the economy. It has grown at a satisfactory rate, around 8 percent, for the past three years; a finance minister may want to maintain the growth rate over a long period, and raise it.
How far does the budget presented yesterday by P Chidambaram serve either of the above objective, namely inflation control and growth promotion? He reduced a large number of customs duties; one or two may even have a slight effect on consumer prices.
Source: Corporate Catalyst India (CCIndia)
FOR THE FULL REPORT PLEASE CLICK HERE
Opportunity in India - June 2007
India is an obvious “potential” market for any UK company considering exports. But it is important that it is seen as a very sophisticated market. It has a middle class of 300 million people who want access to all the products common to the UK High Street. They may not yet have the purchasing power to buy at UK prices, but they do have the capability to enter into partnerships to produce locally at local prices.
This report highlights on the opportunities and expressed need in Indian Economy for all these trade clusters:
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Business Professional Services (education & training, insurance, tariffs)
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Transport Technologies (aviation, automotive, infrastructure)
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Medical Technologies (biotech & pharmaceuticals; healthcare)
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Tourism and Leisure (heritage & restoration, travel and tourism)
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Food and Drink
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Information Communication Technologies (telecom)
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Screen, Image and Sound (media)
The above highlights serve to illustrate the fact that India is ready to do business in almost every sector. It is a market, which is set to continuing growing for at least another 30 years as a result of its own demography.
Source: UK Trade and Investment
FOR THE FULL REPORT PLEASE CLICK HERE
Financial Sector Review - February 2006
The financial services industry in India is still emerging from a long period of government control. The sector has been identified by IFSL as one of its top priority markets. The main focus of attention for the British High Commission in India is to encourage the Indian government to bring down barriers to entry for overseas companies.
Whilst the private banking sector has benefited most to date, much still needs to be done to allow free entry to overseas insurance and accountancy services and in making a start on the legal services market, which remains tightly closed to overseas law firms. As the market opens up, opportunities for new financial services products can be expected to grow. But the time, effort and resources required to develop the market will make it suitable only for larger companies.
FOR THE FULL REPORT PLEASE CLICK HERE
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