America Is the Target; Israel Is the Front Line _ Andy Blumenthal _ The Blogs...
Global Economy (2)
1. FASTEST GROWING FREE MARKET DEMOCRACY IN A GLOBAL ECONOMY INDIA
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5. 1947 : Year of Indian Independence Today’s India is one of the fastest growing Democratic Market Economy, well on it’s way to be integrated with the world economy The famous Goldman Sachs report ( Dreaming with BRICs: The Path to 2050 ) states that, among Brazil, Russia, India and China, India will grow the fastest over the next 30 to 50 years by leveraging its demographic advantages and through continued development India’s GDP will exceed Italy’s in 2016, France’s in 2019, Germany’s in 2023 and Japan’s in 2032 INDIA TO BECOME THE 3 RD LARGEST ECONOMY IN THE WORLD BY 2032 AND… THE STORY BEGAN IN 1947
23. Success Story of RELIANCE The Reliance Group founded in 1932, is India's largest business house with total revenues of over US $ 56.7 b and exports of US $ 20.3 b It began as a an SME The Group's activities span exploration and production of oil and gas, refining and marketing, petrochemicals, textiles, financial services, insurance, power, telecom and infocom initiatives The Group exports its products to more than 100 countries the world over Reliance Group revenue is equivalent to about 3.5 % of India's GDP The Group contributes nearly 10 % of the country's indirect tax revenues and over 6% of India's exports Today, the Reliance Group has one of the largest family of shareholders in the world
24. Success Story of WIPRO Wipro was set up in the backdrop of the small town of Amalner in Maharashtra in 1945 An SME and primarily an oil factory, the chief products were Sunflower Vanaspati and 787 laundry soap It was in the early eighties that Wipro made its foray into the Infotech arena With this began the Wipro Infotech story Today, Wipro stands at the firmament, as a trusted and experienced provider of a comprehensive range of IT services, solutions and products, worldwide
25. Success Story of BHARTI Bharti Enterprises has successfully focused its strategy on telecom while straddling diverse fields of business It all began as a Small Industry Bharti Tele-Ventures is today acknowledged as one of India's finest companies, and its flagship brand 'Airtel', has over 12 million customers across India Recently, Bharti has successfully launched an international venture with EL Rothschild Group owned ELRO Holdings India Ltd., to export fresh Agri- products exclusively to markets in Europe and USA
26. Success Story of DR.REDDY’S Dr.Reddy’s Laboratories was founded in 1984, with a capital of US $40,000 in cash and US $120,000 in bank loan In fact, it is this spirit of entrepreneurship that has shaped the company to become what it is today Today, the company with revenues of US $446 m, in fiscal year 2005, is India’s second largest pharmaceutical company and the youngest among its peer group Dr. Reddy’s started its drug discovery programme in 1993 and within three years it achieved its first breakthrough by out licensing an anti-diabetes molecule to Novo Nordisk in March 1997 With this very small but significant step, the Indian industry went through a paradigm shift in its image from being known as just ‘copycats’ to ‘innovators’! Through its success, Dr. Reddy’s pioneered drug discovery in India Today, the company manufactures and markets API (Bulk Actives), Finished Dosages and Biologics in over 100 countries worldwide, in addition to having a very promising Drug Discovery Pipeline
33. “ Quite simply, I was blown away by what I saw on my first trip to India ” Stephen Roach , Managing Director & Global Chief Economist, Morgan Stanley 2008 “ India's highly educated workforce, management talent, rule of law, transparency, cultural affinity and regulator environment are more favorable than China's. ” A T Kearney, FDI Index 2008 " We want to bring to the world various facets of this extraordinary country, its people and progress " C hris Cramer, International Managing Director, CNN 2008 "India has the potential to deliver the fastest growth over the next 50 years with an average rate of more than 5 per cent a year for the entire period” D ominic Wilson, Senior Global Economist and Vice President, Goldman Sachs 2005 India – A Preferred Destination
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35. Trained manpower and knowledge base Rich biodiversity Excellent network of research laboratories Well-developed base industries Pro active policy framework Proficiency in English Low manpower costs The India Advantage
54. 2002- 03 2010 25 % growth in investment 70 % growth in employment 74 % growth in R&D manpower 10 % of global industry 1 m skilled jobs US $ 5 b annual revenues Source: Confederation of Indian Industry (CII) Size 2003 - 04 US $ 705 m Biotech Market - A consistent Uptrend
55. Volume – wise 8 % of global market 4 th largest in the world CAGR (2004 - 2009) 21.6 % Exports 27.3 % CAGR(2004 - 2009) Size (2008- 09) US$ 13 b Share of formulations 80 % Size 2010 (estimated) US$ 25 b Pharma Market
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57. Opportunities in Auto Components The Indian automotive industry has grown at a staggering pace over the last few years The US$ 6.8 b industry has registered a CAGR of 17 % between 1998 - 2003 and is projected by ACMA to grow at a 15 % CAGR till fiscal 2012 The opening up of the sector over the last decade has caught the attention of global auto majors In the 1990’s, economic liberalization allowed foreign automakers such as Hyundai, Ford, Toyota and GM set up base in India They also persuaded their overseas components suppliers to set up local manufacturing bases in India For example, Delphi followed General Motors and opened their plant in the state of Gujarat in 1995 and Visteon followed Ford in 1998