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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Business & Consumer Service with focus on Retail - May 2008
India tops the 'A T Kearney's ' list of emerging markets for global retailers.
The Indian retail sector is valued at £163 billion, of which organised retail accounts for 6% valued at £9.8 billion. Organised retailing is projected to grow at the rate of about 37% in 2007 and 42% in 2008. It has the potential to generate over £23.5 billion business by 2010.
India has the largest young population in the world - over 890 million people are below 45 years of age (out of 890 million, 25% of India's population is less than 25 years and 70% less than 35 years). India has more English-speaking people than in the whole of Europe together.
Source: UK Trade & Investment
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Real Estate Sector Report from IBEF - April 2008
The Indian real estate sector has witnessed a revolution, driven by the booming economy, favourable demographics and liberalised foreign direct investment (FDI) regime. Growing at a scorching, 35 per cent the realty sector is estimated to be worth US$ 15 billion is emerging as one of the most appealing investment areas for domestic as well as foreign investors. Global players have lined up investments to the tune of US$ 10 billion with the industry also attracting international architects and planners.
The second largest employing sector in India (including construction and facilities management), real estate is linked to about 250 ancillary industries like cement, brick and steel through backward and forward linkages. Consequently, a unit increase in expenditure in this sector has a multiplier effect and the capacity to generate income as high as five times.
Source: India Brand Equity Foundation (IBEF)
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Insurance Sector Report from IBEF - April 2008
The Indian insurance sector is on a bull run. The average Indian now spends 5.4 times as much on life insurance as what s/he did seven years ago when the industry was yet to be opened up for private participation.
With the largest number of life insurance policies in force in the world, India's insurance sector accounted for 4.1 per cent of GDP in 2006-07, up from 1.2 per cent in 1999-2000, far ahead of China where insurance accounts for just 1.7 per cent of the GDP and even the US where insurance penetration stands at 4 per cent of the GDP.
Source: India Brand Equity Foundation (IBEF)
FOR THE FULL REPORT PLEASE CLICK HERE
Banking Sector Report from IBEF - April 2008
With the Indian economy moving on to a high growth trajectory, consumption levels soaring and investment riding high, the Indian banking sector is at a watershed. Further, as Indian companies globalise and people of Indian origin increase their investment in India, several Indian banks are pursuing global strategies.
The industry has been growing faster than the real economy, resulting in the ratio of assets of commercial banks to GDP increasing to 92.5 per cent at end-March 2007. The Indian banks have also been doing exceptionally well in the financial sector with the price-to-book value being second only to china, according to a report by Boston Consultancy Group.
Source: India Brand Equity Foundation (IBEF)
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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
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