Thursday, July 28, 2016

India Vision 2025 - $7 Trillion GDP



29 July 2016

Mr. Cyrus Mistry started the pratice of holding a meeting of CEOs of Tata group companies on this day, the birthday of Bharat Ratna J.R.D. Tata (29 July). In the meeting of 2016, Mistry called for touching $350 billion revenue by 2025. During the year 2015-16, Tata group invested $9 billion globally. Tata group turnover was $103 billion during 2015-16.  $350 billion revenue would mean a GDP contribution of $175 billion. This sort of estimate would give an estimate of $3 trillion of large scale organizations. MSME can contribute equal amount of $6 trillion. That leaves $1 trillion as contribution from agriculture.

So the break up of $7 trillion would be

Agriculture           $1 trillion
Mining                 $ 0,25 trillion
Manufacturing -   $ 1.75 trillion
Services           -   $ 4  trillion


29 May 2016

Startups in Digital Technology Space in India by 2025 - One Lakh

India will have one lakh startups by 2025 contributing $500 billion of value and giving employment to 70 lakh people. Mohan Das Pai now angel investor (formerly CFO, Infosys).

Average size of the successful start up (a small scale organization) will be $5 million (around 30 to 35 crore rupees). It provides employment to 70 people.


India Will Be Fastest-Growing Economy for Coming Decade, Harvard Researchers Predict

By RAYMOND ZHONG
Jan 1, 2016 - Wall Street Journal
http://blogs.wsj.com/indiarealtime/2016/01/01/india-will-be-fastest-growing-economy-for-coming-decade-harvard-researchers-predict/


GDP of India - $7 trillion by 2025


A.T. Kearney in a report of April 2014 gives estimated GDP of India as $7 trillion.

Mumbai City will grow to $370 to 390 billion from $80 billion now.

18 Mega cities will emerge.

India 2025 - $7 Trillion  from 2 Trillion in 2014

https://www.atkearney.com/documents/10192/4408576/Supply+Chain+2025-Trends+and+Implications+for+India.pdf/5a65965e-2378-404e-8829-7664bc1b637c


India is 3rd Largest Economy in terms of GDP-PPP Valuation (2015)

                           
                                  Unit: Billion, US  Dollar

                                                         China                        USA                         India
GDP-PPP Valuation                       18,976                      18,125                        7,997

Source : International Monetary Fund, World Economic Outlook WEO, April 2015

Industry Visions for 2025

Automobiles - Vision 2025


2.15 Million vehicles produced in 2013-14.
7% of the country’s GDP.
6 Million-plus vehicles to be sold annually, by 2020.
The auto industry produced a total of 2.15 Million vehicles, including passenger vehicles, commercial vehicles, three-wheelers and two-wheelers in 2013-14 as against 2.06 Million in 2012-13, registering a growth of 4.04% in a year.
The total turnover in 2010-11 was USD 58.5 Billion, turnover by 2016 is slated to be USD 145 Billion.
Automotive mission plan, 2006-16:
To emerge as the world’s destination of choice for design and manufacture of automobiles and auto components with output reaching a level of USD 145 Billion, accounting for more than 10% of the GDP and providing additional employment to 25 Million people by 2016.

Automobile Components - Vision 2025


US$ 200 billion by 2025.
Source: Make in India - Automobile Components
http://guide-india.blogspot.in/2015/02/make-in-india-automobile-components-20.html



Aviation - Vision 2025

The Tata SIA Airlines Ltd’s research gives the estimate that civil aviation in India has the potential to create an economic value of $250 billion and contribute to around 5 percent of the country’s GDP by 2025.  It sees a three-fold rise in domestic air traffic by 2025.

Contribution of Civil Aviation sector to India’s GDP in 2009 is estimated to be 1.5% as per the recent study carried out by Oxford Economics. The study has also estimated that the sector supports a total of 9.95 million jobs. 

• Passenger handling capacity has risen three-folds from 72 million (FY 06) to over 220
million (FY 11)
• Cargo handling capacity has risen from 0.5 million MT (FY 06) to 3.3 million MT (FY 11) 

If every Indian in the middle-class income bracket takes just one flight per annum, it would result in a sale of 300 million tickets, a big jump from the 70 million domestic tickets sold in 2014-15.

The first vision statement in the draft NCAP 2015 speaks of creating an ecosystem that will enable 30 crore (300 million) domestic tickets to be sold by 2022 and 50 (500 million) crore by 2027, from the current seven crore (70 million). 


One of the ideas floated by the government is to cap fares at Rs 2,500 (all-inclusive) per passenger for a one-hour flight on select regional routes.
http://civilaviation.gov.in/sites/default/files/moca_001320.pdf  - 12 plan working group document.





Biotechnology Vision 2025


Modi Govt. Unveiled National Biotechnology Development Strategy 2015-2020 with the objective of achieving $100 billion by 2025. The present industry size is $7 billion.

150 technology transfer organizations will come up in India as a part indigenous technology development mission.


Chemicals

Chemical Industry Size Could be $400 billion by 2025


Proposal to establish an autonomous USD 100 Mn chemical innovation fund by securing 10% of the total inclusive national innovation fund set up by the National Innovation Council

The Indian Chemical Industry comprises both small and large-scale units, and presently, there are about 70,000 chemical manufacturing units located in the country (Deptt. Of Chemicals and
Petrochemicals-Draft National Chemical Policy-December 2013) a major component (in numbers) are covered in the small scale sector.

Indian chemical industry is expected to register a growth of 8-9% in the next decade.

India’s chemical industry is likely to touch $214 billion (approx ₹13,91,000 crore) in the next four years from $139 (approx ₹9,03,500 crore) in fiscal 2014 with estimated growth of around 9 per cent a year.  There is robust growth of consuming sectors till fiscal 2025. Hence there is very strong outlook for the key end-user industries. The demand for intermediate chemical products and basic chemical is expected to surge in the coming years.

A Tata Strategic Management Group study  report states that  critical issues for the chemical industry are availability of key feedstock, infrastructure status,  access to technology, energy security and ease of doing business.
http://www.thehindubusinessline.com/economy/macro-economy/indias-chemical-industry-to-touch-214b-by-2019-report/article7818782.ece

Petrochemical Intermediates


The installed capacity is  6 million tons per annum (MTPA).   India would fall short by 25–30 MT by 2025, which would mean an additional import cost of INR 150,000 to 200,000 crore (USD 24 to 32 billion) a year for intermediates.

A level of 85 per cent self-sufficiency in petrochemical intermediates is a necessary and achievable aspiration for the country to have a vibrant downstream chemical industry. This would require India to install 20–25 MTPA of additional petrochemical intermediate capacity – a number four times the volume of the entire current installed capacity. It means 70–90 additional plants (at economically viable scale) across 30–40 products have to be planned and implemented.

▪ Petrochemical Intermediates
– Acetic acid, vinyl acetate, acetic anhydride, acetate ester
– Ethylene oxide, glycols, ethoxylate, ethanolamine, glycol ether
– Cumene, phenol, acetone, resin
– Propylene oxide, polyols, propylene glycol
– Acrylic acid, acrylic acid ester, superabsorbent polymer
– SBR, PBR, NBR, PCR
– Ethyl benzene, styrene, ABS resin

Basic inputs to make Petrochemical Intermediates
Petrochemical building blocks
▪ Methanol
▪ Ethylene
▪ Propylene
▪ C4, C5
▪ Benzene, toluene, xylene

Although the Petrochemical Industry has consistently outperformed the GDP Growth rates of India – growing at around 1.5 times the GDP growth rate, recent developments consequent to advantaged feedstock availability in the US and Middle East have led to a situation where announced investments by Indian Companies on production of Petrochemical Building Blocks have fallen short of future requirements.


The chemical industry’s R&D spends would need to go up significantly from current levels of less than 0.5% of sales to reach closer to global benchmarks of 4% of sales (implying R&D spends of ~$12 billion by 2017.

The chemical industry is central to the modern world economy having a typical sales-to-GDP ratio of 5-6%. 

With the current size of $108 billion the Indian chemical industry accounts for approximately 7% of Indian GDP. The chemicals sector accounts for about 14% in overall index of industrial production (IlP). Share of industry in national exports is around 11% (2011?)

Source Documents

Download them and read them in detail to understand the growth of the sector

http://www.petrochemconclave.com/presentation/2016/Mr.SMitra.pdf
http://www.petrochemconclave.com/presentation16.html - Index to presentations
http://ficci.in/spdocument/20441/Knowledge-Paper-chem.pdf
http://planningcommission.gov.in/aboutus/committee/wrkgrp12/wg_chem0203.pdf
http://www.mckinsey.com/global-locations/asia/india/en/latest-thinking
Handbook on India Chemical Industry
https://www.rolandberger.com/media/pdf/Roland_Berger_India_Chem_20101109.pdf



Construction - Vision 2025

Construction industry plays a pivotal role in developing country’s infrastructure and accounts for nearly 45% of the total investment in the Infrastructure. Construction sector is also the second
largest employer after the agriculture sector.

Construction industry can be broadly classified into two sectors i.e. organized and unorganized. The organized sector includes more than 30,000 organisations whereas the standalone contractors in the unorganized sector number more than 120,000.

Construction equipment accounts for 21-23 % of the total project cost

As per estimates by Off-Highway research, the sale of construction equipment is expected to reach 84,000 units by 2014, of which infrastructure and real estate sectors will account for 70%. This translates into a CAGR of about 20% over the next five years (2009-2014) in sales of construction
equipment.

About 250 ancillary industries such as cement, steel, brick, timber and building material are dependent on the construction industry. A unit increase in expenditure in this sector has a multiplier effect and the capacity to generate income at much higher growth rates.


Real Estate


11.5 million homes a year - US$ 1 trillion a year market


The country is expected to become the world's third largest construction market by 2025, adding 11.5 million homes a year to become a US$ 1 trillion a year market, according to a study by Global Construction Perspectives and Oxford Economics.
http://www.ibef.org/archives/detail/b3ZlcnZpZXcmMzY0OTgmNTI1

Roads

The road network stands at 3.3 million km in (2006?). Of this, rural roads comprise around 2.7 million km, i.e. about 85 percent. Overall village accessibility stood at 54 percent in the year 2000, although position in respect of accessibility to large size habitations has been much better.

 However, in order to give a boost to rural connectivity, a Rural Roads Programme known as the
Pradhan Mantri Gram Sadak Yojana (PMGSY) was launched in December 2000. As a departure from
the earlier programmes, the PMGSY is being implemented as a 100 percent centrally funded scheme. As per the current guidelines, the PMGSY covers all habitations above 500 population to be provided with all-weather rural roads. In case of hills, deserts and tribal areas, the threshold is relaxed and covers all habitations above 250 population. It is estimated that about 1.79 lakh unconnected habitations need to be taken up under the PMGSY programme. This would involve new construction in a length of about 375,000 km at an estimated cost of Rs. 78,000 crore and improvements of 372,000 km at an estimated cost of Rs. 59,000 crore. Upto the end of December, 2006, a total of about 83,000 habitations have been covered and rural road works for an amount of Rs.38,387 crore have been sanctioned.

When the PMGSY was launched in 2000, it was estimated that about 347,000 habitations
out of a total of 825,000 habitations were without any all-weather access. Thus, 40 per cent of the
habitations were cut off from the country’s mainstream of development. According to latest figures
made available by the state governments under a detailed survey undertaken to identify core networks
about 1.79 lakh unconnected habitations need to be taken up under the PMGSY programme.

PMGSY Programme: New Connectivity

Habitation                Number of Rural                        Length Required            Total Estimated cost
Population Group    Unconnected Habitations           (km)                                (Rs billion)
1000+                        60,030                                      138,888
500-999                    79,208                                       160,754                             784.18
250-499 *                 39,530                                         75,690
Total                       178,768                                       375,332                             784.18
* Only in hill states, desert and tribal areas as per PMGSY eligibility.


In addition, upgradation of roads of the core network will be undertaken where required to provide
connectivity to market centres and other social infrastructure. A length of 372,816 km for upgrading at an estimated cost of Rs.590.330 billion has been included out of a total length of 1,134,112 km,











Roads in India - Estimates up to 2015
http://siteresources.worldbank.org/INTSARREGTOPTRANSPORT/3562298-1182924139500/21389008/3_CES_Presentation.pdf
Vision 2025 for Rural Roads. Doc of 2005:  http://pmgsy.nic.in/downloads/3julsep05_eng.pdf


Cement Industry


Cement demand is projected to grow to 2.5 to 2.7 times the current volumes and reach 550 to 600 MTPA by 2025. Per capita cement consumption is likely to increase from 185 kg currently to 385 to 415 kg in 2025. This growth will likely be led by investments in the infrastructure sector, with subsectors such as roads, power, and irrigation leading the charge.

An additional capacity of 330 to 380 MTPA for cement and 240 to 270 MTPA for clinker could be required by 2025, translating to an investment of close to Rs 300,000 crore.
http://www.indiainfoline.com/article/news/cement-vision-2025-scaling-new-heights-5915139538_1.html


Electrical Machinery - Vision 2025


Output of US$ 100 billion by 2022

As of 2011-12, the Indian EE industry has grown close to  Rs. 1.20 lakh crore (US$ 25 billion). It
contributes 1.4% to the nation’s GDP and 10.0% to the manufacturing GDP.

Based on investment estimates and capacity addition targets, domestic demand for generation equipment (BTG) could be in the range of US$ 25-30 billion by 2022; for the T&D equipment industry, it may be US$ 70–75 billion. The EE industry is projected to provide direct employment to 1.5 million people and indirect employment to 2 million by 2022.
http://dhi.nic.in/writereaddata/Content/indian_mission_plan_2012-2022.pdf


Electronics Design and Manufacturing - Vision 2025


Production in India of apprx. USD 300 billion.

25% of country’s GDP by 2025 from IT and ESDM (Nasscom-IESA)
http://guide-india.blogspot.com/2015/01/make-in-india-electronic-systems.html


Food Processing - Vision 2025

The Indian food processing industry is valued at approx. ` 78,094 crore for the year 2011-
12.
The industry has shown  Compounded
Annual Growth Rate (CAGR) of 8.4% during the period 2006-07 to 2011-12.

Information Technology and Business Process Services - Vision 2025


Indian technology and services industry is on track to reach its goal of $200 billion to $225 billion in revenues by 2020 and furthermore, to reach revenues of $350 billion by 2025.
http://www.nasscom.in/nasscom-perspective-2025-shaping-digital-revolution
http://www.livemint.com/Industry/z0n81ojxkSBELvmZw1cEyI/Digital-tech-startups-to-drive-ITBPM-growth.html

Insurance - Vision 2025

USD 250 bn insurance industry in India


CII sets 2025 vision for building a customer centric and value creating USD 250 bn insurance industry in India
Life insurance industry to grow at 12% CAGR over next decade to reach USD 160 bn – USD 175 bn and general insurance to grow at 22% CAGR to reach a GWP of USD 80 bn. 


General Insurance Vision 2025


From a ` 12,000 crore top-line industry in 2001–02, today it is worth ` 70,000 crore (FY 2013), clocking an annual growth rate of 17%. The industry today provides a cover of ` 1,000
lakh crore,

2025 - GWP to GDP penetration of 1.4%

Gross Written Premium

— Growth CAGR of ~14–15% resulting in GWP of ~Rs. 3,50,000 crore by 2025. (5 times of 2013 GWP)
— With no improvement in combined ratio, the industry would continue to have a negative value creation of ` 20–25,000 crore while delivering average RoE of 10–12%.
— Capital requirements remain relatively high –  RS.` 20–25,000 crore of fresh infusion.

Leather Industry - Vision 2025

Total production of Indian leather industry stands at USD 11 Billion
Exports have grown from USD 1.42 Billion in 1990-91 to USD 6 Billion in 2013-14
India produces 2 Billion sq. feet of leather, accounting for 10% of the world leather requirements
Domestic market expected to double in next five years
Exports projected to grow at 24% per annum over next five years

The global footwear market is estimated to be worth $192.3 bnin 2008, a growth of 2% over
the 2007 value. The Indian footwear industry is estimated to be worth just INR 160 bn or $4 bn[2].
It is the second largest global producer of footwear after China, accounting for more than 14 % of
global footwear production of 14.52 bn pairs.

The Indian footwear market is expected to worth INR 475 bn by 2025, representing a compounded
annual growth rate of 7%.


Media & Entertainment - Vision 2025


Media and entertainment (M&E) industry in India has the potential to reach $100 billion (about Rs 6.5 lakh crore) by 2025
http://www.dnaindia.com/money/report-india-s-media-and-entertainment-sector-has-potential-to-touch-100-billion-by-2025-2136016

Mining - Vision 2025


Mining Contribution to GDP - $61 billion by 2025


The contribution of mining to India’s GDP has fallen from 1.2 per cent to 1 per cent in the recent years.

The mining industry has the potential to create 6 million additional total jobs by 2025, accounting for 12 per cent of the new non-farm job gap. The mining industry could contribute USD 125 billion to India’s output and additional USD 47 billion to India’s GDP by 2025.

In 2012, the mining sector accounted for 3 million jobs directly, and induced an additional 8 million
jobs.

If mining grows more rapidly, it could increase its direct and induced contribution to India’s output
from USD 50 billion in 2012 to USD 126 billion by 2025 (additional USD 47 billion over business-as usual scenario). Additional contribution to GDP will be USD 47 billion )

India’s mining sector has been growing slower than other major mining jurisdictions such as China, Brazil, Canada, the United States, Chile and Australia. The real value add of India’s mining sector to the GDP is very low at USD 14.4 billion against that of China (USD 150 billion), Australia (USD 38 billion) and Brazil (USD 21 billion). Between 2010 and 2012, India’s mining sector grew at 0.8 per cent compared to 15 per cent for China, 5.3 per cent for the United States, 2.5 per cent for Canada and 2 per cent for Brazil. So there is substantial scope for increasing mining output in India. India has
endowment of the top 5 or 6 reserves globally across commodities such as thermal coal and iron
ore. So availability of ore is there. Investment and technology to mine the ore and process it have to be arranged.

Download Report on Mining by CII-McKinsey from
http://www.mckinsey.com/global-locations/asia/india/en/latest-thinking

Oil and Gas - Vision 2025


The natural gas demand is all set to grow significantly at a CAGR of 6.8% from 242.6 MMSCMD in 2012-13 to 654.55 MMSCMD in 2026-27
http://www.pngrb.gov.in/Hindi-Website/pdf/vision-NGPV-2030-06092013.pdf


Pharmaceuticals - Vision 2025


The Indian pharmaceuticals market increased at a CAGR of   17.46 per cent in 2015 from US$ 6 billion in 2005 and is expected   to expand at a CAGR of 15.92 per cent to US$ 55 billion by 2020.

http://www.ibef.org/industry/pharmaceutical-india.aspx


Ports and Shipping - Vision 2025

Ports


Long coastline of 7,517 km and navigable inland waterways of 14,500 km offering immense potential
 for maritime sector development.
150 + projects for investment  identified in Indian maritime sector
Opportunities for investment of USD 19 Billion in Inland Waterway development and USD 50 Billion in Port-led Development under ‘Sagarmala’

‘Sagarmala’ - New Port Development and Port Modernization
Greenfield major ports at Vadhavan (Maharashtra), Sagar Island (West Bengal),  Paradip Outer Harbour and Potential locations in Andhra Pradesh and Tamil Nadu

Trans-shipment Hubs at Enayam (Tamil Nadu) and Vizhinjam (Kerala)

Port Mordernization:
Increasing draft at Kamarajar (Ennore), Paradip and Mormugao Ports to 18m
500 MMTPA port capacity augmentation in Major Ports by 2025
‘Jal Marg Vikas’ project for capacity augmentation for navigation and shipping in River Ganga: NW-1 (1620 km)
Development of 111 National Waterways
Development of cruise terminals at Mormugao, Chennai, Mumbai, Chennai and Kochi.

Shipping

Market size of shipbuilding expected in 2025 – US$ 25 billion
Market size of shipbuilding at present – US$ 5 billion
http://www.mapsofindia.com/my-india/government/indias-fleet-of-flying-dutchman

Railways


Investment in Railways


Indian Railways plans to invest $ 142 billion in five years (2016-2020) and hope to double this investment figure in the next five-year cycle (2020-2025)
http://www.business-standard.com/content/b2b-manufacturing-industry/indian-railways-plans-to-invest-142-billion-in-five-years-suresh-prabhu-116011800166_1.html

Railway Revenue


Freight 600 million tonnes
Passengers: 2175 billion Passenger Kilometres
http://guide-india.blogspot.com/2015/06/make-in-india-railway-sector-items.html


Renewable Energy - Vision for 2025


Government announced in Budget of 2015-16, the target o 175 GW by 2022.At a capacity addition ability of 15 GW per year, 2025 vision can be 230 GW.
http://www.livemint.com/Opinion/0YGX9c5vv0WyRiI3QhLCuL/Make-in-India-and-renewable-energy.html

Roads and Highways - Vision for 2025


India will develop road projects spanning 50,000 kilometers and entailing investments of about $250 billion over the next five years (FY 2016-17 to FY2020-2021).

The 12th five year plan 2012-17 estimated the road sector’s investment to be $95 billion.

NHAI has a target of awarding 10,000 km of projects in the fiscal year 2015-16. Upto January, 6353 km of projects have already been awarded. Cabinet Minister Shri Nitin Gadkari is confident of completing 100 km per day in due course of time.
http://www.livemint.com/Politics/Q8f0KV6DV4tybWo25GZBZJ/NHAI-plans-50000-km-road-projects-worth-250-billion.html

Space Exploration and Satellite Launching - Vision 2025


The current budget of ISRO is around $12 billion.
Global space industry volume is $300 billion. India has talent and space to grow.
http://economictimes.indiatimes.com/news/science/make-in-india-isro-lures-industry-into-space-with-technology-promise-brand-benefit/articleshow/51027630.cms

Vision 2025 for Textiles




Document created by expert committee and presented to textile ministry
http://texmin.nic.in/Reports/Vision%20Strategy%20Action%20Plan%20for%20Indian%20Textile%20Sector.pdf

$350 billion  for domestic consumption
$300 billion for exports


Thermal Power - Vision 2025


Thermal power is the mainstay of electricity generation in India. It stood at over 196 GW in 2015, of which coal-based capacities alone amounted to 171 GW. Plans are in progress for addition of another 175 GW of thermal power capacity by 2022.
http://economictimes.indiatimes.com/toshiba/power-systems/thermal/the-twin-problems-that-indias-thermal-power-sector-must-overcome/articleshow/51056423.cms

http://www.epw.in/journal/2016/10/commentary/private-thermal-power-liberal-policy-regime.html

Tourism and Hospitality - Vision 2025


$88.6 billion by 2025

Tourism and hospitality contributed about $44.1 billion to India’s GDP in 2015 and is likely to touch $88.6 billion by 2025.

Wellness

http://www.wellnessindia.com/interview/beauty-and-wellness/ic.2/



Sectors' Review Ends
-------------------------------------------------------------------------------------------------



A.T. Kearney in a report of April 2014 gives estimated GDP of India as $7 trillion.

Mumbai City will grow to $370 to 390 billion from $80 billion now.

18 Mega cities will emerge.

India 2025 - $7 Trillion  from 2 Trillion in 2014

https://www.atkearney.com/documents/10192/4408576/Supply+Chain+2025-Trends+and+Implications+for+India.pdf/5a65965e-2378-404e-8829-7664bc1b637c


New Technology Contribution - $1 Trillion by 2025


Potential adoption of 12 empowering technologies in India

Mobile internet, cloud technology, Automation of knowledge work (through mobile phones), Digital payments, Digital identity, internet of things, Intelligent transportation and distribution, Advanced geographic information systems, Next generation genomics, Advanced oil and gas exploration and recovery, Renewable energy, Advanced energy storage

To assess the potential impact of the 12 technologies on the economy of India, McKinsey sized more than 40 applications in six sectors of the economy: financial services, education and skills, healthcare, agriculture and food, energy, and infrastructure.

The total impact of the sized applications could amount to $240 billion to $500 billion a year by 2025. Given the contributions of these sectors to India's GDP, the estimate across the entire economy, is estimated to be $550 billion to $1 trillion by 2025.

Financial services. The applications  could have an economic value of $32 billion to $140 billion a year by 2025. As many as 300 million Indians could gain access to banking services and raise their incomes by 5 to 30 percent thanks to better access to credit and the ability to save and make remittances.

Education and skills. The remote learning, massive open online courses (MOOCs), and other digital systems could have an economic impact of $60 billion to $90 billion a year by 2025 thanks to higher productivity among a larger number of skilled workers. India could have about 24 million more high-school and college-educated workers and 18 million to 33 million more vocationally trained workers by 2025 as a result of digitization in the education sector.

Health Care: By 2025, the total economic impact could be $25 billion to $65 billion a year, including $15 billion that could be saved through systems to reduce the problem of counterfeit drugs. Some 400 million of India's poor could get access to better care through technologies that bring medical expertise to modestly skilled health workers in remote areas.

Agriculture and food. Technology applications could create $45 billion to $80 billion a year in additional value in the sector. More than half of that would come from hybrid and genetically modified crops, precision farming (using sensors and GIS-based soil, weather, and water data to guide farming decisions), and mobile Internet–based farm-extension and market-information services. These improvements could raise the incomes of as many as 100 million farmers

Energy. Collectively, the technology applications  in energy could have an economic value of $50 billion to $95 billion a year by 2025.  The largest benefit would come from smart metering, which could save $15 billion to $20 billion a year by 2025 in reduced transmission losses. Unconventional-oil and -gas development might generate value of $10 billion a year by 2025.

Together, infrastructure technologies can contribute $30 billion to $45 billion a year in value by 2025.

India needs to  raise its investment in research and development, which in 2010 was 0.87 percent of GDP, compared with 1.7 percent in China and 3.36 percent in South Korea to make good use of new technologies.
http://www.mckinsey.com/industries/high-tech/our-insights/indias-tech-opportunity-transforming-work-empowering-people


Indo - US Trade

Due to the fourfold growth of bilateral trade since 2006 to 100 billion USD in 2014, both the governments are now keen and committed to further improving trade relations. The time is ripe for a new ambition to be set in its trade relations and improve the trade to $500 billion.


1.6 trillion USD worth of investment will be required by 2025 and 3.6 trillion USD by 2034 for India to transform into a 10 trillion USD economy. An important share of this investment will need
to come from international sources investing in new technologies and setting up global research and development (R&D) centres in India. Foreign direct investment (FDI) inflows to India rose by
26% in 2014 to an estimated 35 billion USD.
http://www.pwc.in/assets/pdfs/publications/2015/indo-us-trade-mission-500-billion-usd-iacc-report.pdf


Updated  31 July 2016,  30 May 2016, 16 May 2916, 12 March 2016, 8 March 2016, 1 Jan 2016



Please inform if you have come across any interesting information regarding any sector through comments

No comments:

Post a Comment