Opportunities for PA Exporters in the Indian Market

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Why India?

1 – India is the fastest growing economy in the world!

Per the International Monetary Funds’ World Economic Outlook July 2019 report:

• India’s economy is set to grow at 7% in 2019, picking up to 7.2% in 2020
• China’s growth is forecast at 6.2% in 2019, over 6% in 2020
• World GDP growth is projected at 3.2% in 2019, 3.5% in 2020

2 – Size of India’s Economy:

• India is the 6th largest world economy based on nominal GDP in 2017
• India is the 3rd largest world economy based on GDP measured in PPP terms in 2017

3 – Favorable Demographic Profile

4 – World’s Largest Democracy

5 – Rising personal incomes and higher disposable incomes. Urbanization and expanding emerging cities are driving consumption growth.

6 – English Language Widely Spoken

India’s rapid economic growth means growing opportunities across all sectors. Here are a few potential growth sectors:

• Infrastructure
• Defense
• Retail, Food, Drink and Logistics
• Biotechnology
• Digital Innovation
• Education & Skill Development
• Environmental Technologies
• Manufacturing
• Mining

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