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India Business Outlook 2011. Greg O’Connor Principal Commercial Officer U.S. Commercial Service U.S. Embassy, New Delhi. India Today. 7 th largest country in the world Most populous democracy in the world 71% of the population is under the age 35 ).
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India Business Outlook 2011 Greg O’Connor Principal Commercial Officer U.S. Commercial Service U.S. Embassy, New Delhi
India Today • 7thlargest country in the world • Most populous democracy in the world • 71% of the population is under the age 35) Source: Based on 2010 India Fact Sheet / CIA Fact File
The Language of India • “No problem, Sir” – • You have a problem • “Will be done in 5 minutes” - Better check the next day • “Almost done”. – • He'll get started now • The Head Bobble • Can you Count?? • Lakh - 100 thousand (1,00,000) • Crore - 100 lakh (10,000,000)
EconomicEnvironment • 8-9% GDP growth • Per Capital GDP is $3400 • Inflation of 11.7 % • Exports of $201 billion • U.S. is Second Largest Export Market - 12.59% • Imports of $327 billion • U.S. is Second Largest Source of Imports - 7.16%
Your Firm Should be in India • Large and Growing Domestic Market • Stable Government • Sound Economic Fundamentals • Steady Economic Reform
Consumer Growth 20 million travelers per day 2,27,000 per day 4,183 per day 750 M 165 M 550 M 1.4 M Liters per day 26,675 per day
Key Growth Sectors • Energy • Civil Aviation • Defense • Healthcare • Telecommunications • Infrastructure • Services
India – Key Growth Sector • Energy Sector - Opportunities in Clean Energy; Renewable Energy; Oil & Gas • Civil Aviation - Procurement of over 1000 airplanes over the next 20 yrs • Defense - Largest global buyer at $60 billion over next 5-7 years.
India – Key Growth Sector • Healthcare Sector - Estimated at $50 billion. • Telecom Sector - Broadband Wireless/WIMAX opportunity of about $3 billion. • Infrastructure Sector - $1 trillion investment over the next 5 years in Power, Ports, Airports, Roads, etc. • Services Sector - In 2009, the services sector was valued at $680 billion
Ease of Doing Business • Out of 183 Countries, India Ranks: • Ease of Doing Business 134 • Protecting Investors 44 • Trading Across Borders 100 • Enforcing Contracts 182 Source: World Bank 2011
Commercial Service India • 50 Professional Staff in 7 Locations • Strategically Focused • Your Business Solution Provider
Let Us Help You Services • Customized Matchmaking Services • Partner Searches • Background Checks on Local Companies • Trade Missions and Events • Advocacy • Commercial Diplomacy 3 Ps (Preparation, Persistence and Patience) = SALES
You Can Succeed in India Greg.O’Connor@trade.gov www.buyusa.gov/india