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With a GDP growth rate of more then 7% By 2010 India 's GDP growth rate will be more then that of China 's. (BRICs)
- It took 57 years for India to grow its GDP to US $ 700 billion. In the next 10 years this GDP will double to US $1400 billion.
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The demographic profile created by the baby boomers of the 70's and the 80's have become our greatest asset. Today (2006) 60% of our population is below the age group of 35 years. By 2010 65% of the population will be in the working age group of 15 to 60 years with 400 million people between the age group of 18 and 35 years
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A large and rapidly growing middle class consumer market. The middle class will have 432 million people in 2007. The Indian Consumer is undergoing a structural shift. By 2010 middle and upper class population of India will exceed the total population of the USA
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A large percentage of the Indian population speaks English. By 2050, the largest English-speaking nation in the world will neither be America nor England. It will be India.
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Availability of a large pool of doctors, scientists, engineers, technicians and managers financial analysts at very competitive and low wages . Skilled manpower and professional managers are available at competitive cost. India adds more skilled labor to its work force then even the U.S . By 2010 India will have the highest number of people in the working population.
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India is a service led economy. The larger Software companies employ more then 50,000 employees each and Bangalore is another name for out sourcing. The google search engine lists the word “Bangalored” as a verb meaning some body who loses his job due to outsourcing to this city.
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India has become of the largest outsourcing sectors in the world, spanning almost all areas of manufacturing activities.
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A very high degree of financial and corporate regulation. The Bombay Stock Exchange is Asia's largest exchange. It is over 120 years old and the automated trading platform boasts of a sophisticated T+2 trading system, which is not followed by the Nasdaq even.