PRZOOM - /newswire/ -
Montréal, Québec, Canada, 2008/09/18 - India now has significant potential to impact the global markets. The country, in fact, currently boasts a GDP growth rate that is second only to China.
MarketResearch.Asia Group, the vertical portal for Asia business intelligence, finds India to be an exciting market place, and emphasizes the importance of finding a right way to get into it, hence, it is crucial to identify emerging opportunities in that country.
India now has significant potential to impact the global markets. The country, in fact, currently boasts a GDP growth rate that is second only to China. By making a use of multi-location strategies, India will remain itself as the leading destination and play an important role in most global sourcing strategies. In order to make a successful move within markets, it's a must-do to quickly gather the most accurate and suitable information and apply intelligent strategies to your business.
With a surging domestic market and rising exports major foreign companies have significantly increased investment in the country. According to Electronics.ca Publications, growth within its electronics industry is forecast to be 16.8% in 2007 and 13.6% in 2008. More importantly, the country is setting itself for a period of rapid growth driven by a large, fast growing domestic market, significant foreign investment and an improving regulatory environment.
The dramatic growth in the wireless telecom services in India has also created a need for massive investment in infrastructure development, especially in passive, active and backhaul components. The mobile subscriber base in India is forecasted to grow at an unprecedented CAGR of 15.3% by the end of 2012.
The Indian design services industry will maintain an impressive growth rate of 20.2% during the 2007 - 2012 timeframe, and will reach US$3.4 billion by 2012. The captive centers of the integrated device manufacturers (IDMs) in India currently work on cutting edge technologies and the latest process nodes.
Biopharma, the biggest sector of the Indian biotechnology market, made up for around 70% of the cumulative revenue in fiscal 2008 and registered INR 75.9 Billion (US$ 1.93 Billion) in revenue. Gaining strength from the ongoing R&D, the Biopharma sector will exceed INR 224 Billion (US$ 5.7 Billion) by fiscal 2013.
To gain more information about these exciting markets in India, visit MarketResearch.Asia.