Economic Survey 2025 Highlights: Jobs, growth and economy — how India performed and the way ahead
Showing posts with label Economy - Economic News. Show all posts
Showing posts with label Economy - Economic News. Show all posts
Thursday, February 6, 2025
Friday, January 31, 2025
Government of India Budget 2025-2026 - 1February 2025
Transformative reforms ahead: Sitharaman
The budget will usher in transformative reforms, Will cover six domains: Taxation, power sector, urban development, mining, financial sector, and regulatory reforms.
Taxation, mining among 6 sectors where Budget will initiate reforms, says Sitharaman
The Budget will initiate reforms in primarily 6 domains — taxation, urban development, mining, financial sector, power and regulatory reforms.
Goal to create employment in rural areas:
Goal is to create employment in rural areas so migration is an option, not compulsion
6-year mission for atmanirbharta in pulses:
Government will launch a six-year mission for atmanirbharta in growth of pulses
India Post to be logistics operation:
With 1.5 lakh rural post offices, 2.4 lakh dak sevaks will be repositioned to act as rural catalysts. India Post to be transformed as a large logistics operation
Investment, turnover limits for MSMEs hiked
New classification criteria for MSMEs.
The investment limit for MSME classification to be made 2.5 times, and turnover limits for MSME classification to be doubled
PM Dhan Dhyan Krishi Yojana to benefit 1.7 cr farmers
PM Dhan Dhyan Krishi Yojana, covering 100 districts with low yields, modern crop intensity and below average credit parameters.
The PM Dhan Dhyan Krishi Yojan will benefit 1.7 crore farmers,
Viksit Bharat
Viksit Bharat will have zero poverty, quality education, high-quality, affordable and comprehensive healthcare, says FM Sitharaman.
Enhanced credit guarantee cover for MSMEs
Government to enhance credit guarantee cover for MSMEs to improve credit access, and will enhance limit for interest subvention scheme for Kisan Credit Card from Rs 3 lakh to Rs 5 lakh,
AI for education to be set up with Rs 500 cr
The government had announced artificial intelligence for agriculture, health, sustainable cities. Now AI for education to be set up with outlay of Rs 500 cr,
5 targets for Union Budget 2025
The Budget continues the government's efforts to:
a) Accelerate Growth
b) Inclusive Development
c) Private Sector Investments
d) Uplift Household sentiments
e) Enhance the spending power of India's rising middle-class
Broadband connectivity for govt schools
Broadband connectivity to be provided to all government secondary schools and primary healthcare centres,
National institute of food technology in Bihar
National Institute of Food Technology, Entrepreneurship and Management to be set up in Bihar to provide a strong fillip to food processing activities in the entire Eastern region.
10,000 additional seats to be added in medical colleges
Ten thousand additional seats to be added in medical colleges next year and 75,000 seats to be added in next five years.
120 new destinations under modified Udan scheme
Charting development across various sectors, a modified UDAN scheme to be launched to enhance regional connectivity to 120 new destinations and carry 4 crore passengers in next 10 years,
A maritime development fund with a corpus of Rs. 25,000 crore
Scheme for footwear, leather sectors to be launched
A focused scheme will be launched for the footwear and leather sectors while steps will be initiated to make India a global toy manufacturing hub.
The government will also launch a mission to support clean technology manufacturing activities.
Rs 2 cr loan for women, SC/ST entrepreneurs
The government will launch a Rs 2-crore term loan for 5 lakh first-time women, SC and ST entrepreneurs,
100% FDI allowed in insurance sector
100 percent FDI has been approved for the insurance sector, and this will be allowed for companies that invest the entire premium collected in India,
Nuclear Energy Mission launched with outlay of Rs 20,000 crore
The Nuclear Energy Mission for research, development of small modular reactors with an outlay of Rs 20,000 crore.
The fiscal deficit for FY25 has been pegged at 4.8 per cent of GDP and at 4.4 per cent for FY26.
Net market borrowings are estimated at Rs 11.54 lakh crore for next fiscal year.
NaBFID (National Bank for Financing Infrastructure and Development) will set up partial credit enhancement facility for corporate bonds.
Investment friendliness index of states will be launched this year
What has the economic survey said about growth? The Economic Survey 2024-25 projects India’s GDP growth for FY26 at 6.3-6.8%, emphasizing domestic growth over exports. Achieving Viksit Bharat by 2047 requires 8% annual growth, a 35% investment rate, and expansion in manufacturing, AI, robotics, and biotechnology.
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Comment on Budget
What has the economic survey said about growth? The Economic Survey 2024-25 projects India’s GDP growth for FY26 at 6.3-6.8%, emphasizing domestic growth over exports. Achieving Viksit Bharat by 2047 requires 8% annual growth, a 35% investment rate, and expansion in manufacturing, AI, robotics, and biotechnology.
Where is the item on 35% investment in the budget?
https://guide-india.blogspot.com/2025/01/government-of-india-budget-2025-2026.html
#India #Budget #2025 #IndiaBudget2025
I do not see any discussion on investment in PSUs.
No estimates of private sector investment and measures government is taking in this budget to increase investment in private sector. No mention of any discussion with private sector regarding increase in investment in private sector in agriculture, mining and manufacturing and services.
Budget must demonstrate the democratic spirit, discussions with all stakeholders and MPs as well as chief ministers and reflection of the desires and aspirations in the budget. Government has to be a coordinating body for the desires of the people.
Investment in India required to achieve expected growth and role of MPs discussed in the video 8 year back.
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Sunday, December 1, 2024
10 Trillion Dollars GDP Target for India by 2037 - Many Economists and Business Experts Support It.
Vision India 2047
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Feasible GDP Targets for India - Let's Work for It.
2017 - $2.5 Trillion
2027 - $ 5 Trillion
2037 - $10 Trillion
2047 - $20 Trillion
December 2024
The 10 Trillion Economy - feat. Dr. Shamika Ravi, Ridham Desai, Mukesh Aghi & Ashish Chauhan.
WMG Group
22,590 views 1 Dec 2024
What does the path to India's 10 Trillion Economy look like? And how can we reach there?
Listen to Dr. Shamika Ravi, Member, Economic Advisory Council to the Prime Minister, Govt of India, lead a conversation with Ridham Desai, Morgan Stanley India - Managing Director and heads Morgan Stanley
Indian Equity Research, Mukesh Aghi, President & CEO, US- India Strategic Partnership Forum and Ashish Chauhan, CEO & MD, National Stock Exchange.
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This panel was a part of the India Ideas Conclave, brought to you by India Foundation and the WMG Group.
July 2018
8 July 2018
India - $10 trillion GDP in the next 15 years
"Our economy is poised to grow up to $5 trillion in the next 7-8 years, and up to $10 trillion in the next 15 years."
Suresh Prabhu, Minister of Commerce & Industry and Civil Aviation of India, at The fifth edition of The Economic Times Supply Chain Management & Logistics Summit 2017 Minister of Commerce & Industry and Civil Aviation of India.
https://economictimes.indiatimes.com/industry/banking/finance/india-poised-to-be-worth-10-trillion-in-next-15-years-suresh-prabhu/articleshow/64512325.cms
https://timesofindia.indiatimes.com/business/india-business/india-poised-to-be-10-trillion-economy-in-next-15-years-suresh-prabhu/articleshow/64517924.cms
22 June 2015
Lets all work to make India 5 trillion dollar economy: PM Modi
Rajya Sabha TV____________________
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RIL chairman Mukesh Ambani - India's GDP To Double To 5 Trillion Dollar In Next 7 Years
22 July 2018
In 30 years, when India will celebrate the centenary of Independence, it can grow from a USD 2.5-trillion economy to become the most prosperous nation in the world, the RIL chairman Mukesh Ambani said.
India's GDP To Double To 5 Trillion Dollar In Next 7 Years: It will be achieved well before 2024 - Mukesh Ambani
http://www.businessworld.in/article/India-s-GDP-to-double-to-5-trn-in-next-7-years-Mukesh-Ambani/01-12-2017-133430/
4 July 2018
“As India starts on its high growth journey to double the size of its economy by 2025, I assure you that the size of Reliance will more than double in the same period. And the creation of societal value by Reliance will be of an even higher order,” Ambani said in his 2018 RIL AGM address.
https://www.news18.com/news/business/mukesh-ambani-bets-big-on-indian-economy-says-revenues-to-more-than-double-by-2025-1801997.html
https://www.business-standard.com/article/companies/mukesh-ambani-s-aim-to-more-than-double-ril-s-size-looks-achievable-118070900530_1.html
http://smartinvestor.business-standard.com/market/Compnews-534708-Compnewsdet-Mukesh_Ambanis_aim_to_more_than_double_RILs_size_looks_achievable.htm
RIL will become a digital platform
Mukesh Ambani - 2018 RIL AGM address.
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Uploaded by Jio
India to be $10 trillion economy by 2034?
NDTV
25 Nov 2014
Dennis Nally, Chairman of PwC International, talks to NDTV about strategies needed to turn India into a $10 trillion economy in 20 years after the firm released a report outlining the potential of the Indian economy.
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November 2017
India has potential to be $10 trillion economy: McKinsey MD Dominic Barton
By Vinod Mahanta, ET Bureau|Updated: Nov 26, 2017,
https://economictimes.indiatimes.com/opinion/interviews/india-has-potential-to-be-10-trillion-economy-mckinsey-md-dominic-barton/articleshow/61811078.cms
22 April 2016
India would become $10 Trillion economy by 2032
On 21 April 2016, Niti Aayog CEO Amitabh Kant said India would become a $10 trillion economy by 2032. Kant made the projection assuming that growth would average 10% over the 16-year period. The presentation was made during Civil Services Day function attended by Prime Minister Narendra Modi and large number of civil servants. Mr,. Kant also said, a average growth rate of ten per cent during the next 16 years.China is the only country that has managed to grow at over 8% consistently over three decades. Its growth rate averaged 10% from 1982 to 2012. Can we do it? Think.
http://www.businesstoday.in/current/economy-politics/10percent-gdp-to-make-india-usd-10-trillion-economy-end-poverty-by-2032/story/231312.html would also help in creation of 175 millions jobs by 2032.
http://smartinvestor.business-standard.com/market/Marketnews-379758-Marketnewsdet-Making_India_poverty_free_Did_the_Government_underestimate_GDP_growth.htm#.VxoCG9R96ig
28 December 2015
Bloomberg says India will reach 6.6 billion dollars by 2030. See the link below.
https://mobile.twitter.com/business/status/681271032129392646/photo/1
http://www.bloomberg.com/news/articles/2015-04-10/the-world-s-20-largest-economies-in-2030
31st July
ITC Limited 104th Annual General Meeting - Address by Chairman Y.C. Deveshwar
It is aspiration of ITC to achieve, at the very least, a revenue of Rs.1,00,000 crores from new FMCG Businesses by 2030. The present turnover is Rs. 11,000 crores.
23 July 2015
India Can Be A $10-trillion Economy
http://businessworld.in/article/India-Can-Be-A-10-trillion-Economy/22-07-2015-83896/16 January 2015
Prime Minister Narendra Modi's $20 Trillion GDP Vision for India
Prime Minister Narendra Modi said in is his speech: "Let us Dream 20 Trillion Dollars GDP for India." Yes, He can create the vision for a $20 Trillion GDP India.
Already many experts have come out with $10 Trillion India. Let us achieve this intermediate target first by 2030 and then aim for the next. No rest till we are declared the best.
Yes, India can aim for $10 Trillion - Support from Gary Hamel, Strategy Guru
Vineer Nayar, Former CEO, HCL Technologies supporting the target and bringing leading consultants from the Globe to convince Indian Businessmen to create appropriate visions for their organizations.
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ET Now upload
24 November 2014
PWC Report on India - Future of India - Winning Leap
Scenario 3: The Winning Leap includes investment in both human and physical capital as per the previous two scenarios but also focuses on investment in R&D and innovation and envisions a 9.0% CAGR for GDP by 2034. This scenario forecasts the most aggressive growth and is the only scenario which will generate the 240 million new jobs India's growing demography needs. This is supported by a massive transformation in the investment outlook and productivity metrics in India, supported through significant investments (domestic and foreign) and research and development.
http://press.pwc.com/global/the-future-of-india/s/3de54e52-d24c-49b4-bd8d-7cc5705bd5e6
Development of R&D Important for $10 Trillion GDP
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Business world
Video - NDTV
http://profit.ndtv.com/videos/news/video-india-to-be-10-trillion-economy-by-2034-346133
February 2014
Finance Minister Chidambaram announced that India will be the third largest economy in the world by 2043. Can it be achieved by Modiji much before?
Policies to make India the third largest economy - Shri Chidambaram
http://guide-india.blogspot.in/2014/12/india-to-be-third-largest-economy-in.html
2010
National Solar Mission
Objective: to make India a global leader in solar energy and envisages an installed solar generation
capacity of 20,000 MW by 2020, of 1,00,000 MW by 2030 and of 2,00,000 MW by 2050.
Was it already revised by Modi Government?
Updated 2018 - 21 July 2018
Updated 2017 - 28 November, 2016 - 22 Apr 2016
Updated 2015 - 15 August, 12 April, 23 Feb 2015
India: 20 Trillion Dollar Economy - Possible by 2047
16 January 2015
Narendra Modi stated his dream and asked his countrymen
Narendra Modi stated his dream and asked his countrymen
"Can't we dream and achieve?"
$20 Trillion Indian Economy is the Dream.
I immediately analyzed the idea. I found enough support already from various authorities on economic development and came to the conclusion that it is a feasible dream. It is a vision. This blog post is created immediately to provide support to the vision by informing many Indians the opportunity to participate enthusiastically and share the prosperity by first creating it.Newspaper Reports on 17 January 2015
https://www.india.com/news/india/narendra-modi-pitches-for-making-india-a-20-trillion-economy-250349/
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2024
EY Forecast
India is likely to cross the critical thresholds of US$5, US$10 and US$20 trillion in market exchange rate terms in FY2028, FY2036 and FY2045 respectively.
December 2024
The 10 Trillion Economy
Discussion featuring Dr. Shamika Ravi, Ridham Desai, Mukesh Aghi & Ashish Chauhan.
WMG Group
22,590 views 1 Dec 2024
What does the path to India's 10 Trillion Economy look like? And how can we reach there?
Listen to Dr. Shamika Ravi, Member, Economic Advisory Council to the Prime Minister, Govt of India, lead a conversation with Ridham Desai, Morgan Stanley India - Managing Director and heads Morgan Stanley
Indian Equity Research, Mukesh Aghi, President & CEO, US- India Strategic Partnership Forum and Ashish Chauhan, CEO & MD, National Stock Exchange.
--
This panel was a part of the India Ideas Conclave, brought to you by India Foundation and the WMG Group.
India to become USD 4 trillion economy in FY25: Sanjeev Sanyal.
Economic Advisory Council to the Prime Minister member Sanjeev Sanyal.
Sanyal argued that the government should not push any fiscal move to accelerate economic growth to 8-9 per cent.
"If you get it, great, but anything around 7 per cent compounded over time is a very good growth rate.
(The same thing was told by P. Chidambaram long back. Taking unnecessary risks at the highest level and disturbing economy is more risky. At micro level there can be more ambitius targets.)
15 August 2021
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https://www.youtube.com/watch?v=WFMK6uRe1S0
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PM Modi said. 15 August 2021
India has to march ahead with new pledges for the next 25 years.
'Sabka Saath, Sabka Vikas, Sabka Vishwas and Sabka Prayaas' is very important for the achievement of all our goals.
We have to ensure we meet our goal of building Aatmanirbhar Bharat when we celebrate 100 years of India's Independence
We will have to work together for manufacturing world class products, using cutting-edge innovation and new age technology.
Knowledge Centers by Narayana Rao to Help Indian Manufacturing and Economy.
Manufacturing Processes Knowledge Center for Technology
Industrial Engineering Knowledge Center for Productivity
Management Theory Knowledge Center for Managing Manufacturing
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2020
McKinsey's economic agenda to spur growth and jobs in India
August 26, 2020 | Report
Three ‘growth boosters’ can spur $2.5 trillion of economic value and 30 percent of nonfarm jobs
To capture frontier opportunities, India needs to triple its number of large firms
Six areas of targeted reform can raise productivity and competitiveness
The central government, states, and business sector will need to act together.
I add MPs and MLAs have to create plans for their constituency investment and infrastructure.
15 September 2018
Yes. It is possible to reach $20 Trillion GDP by 2047
Many Indians now believe and are planning their organization's growth to achieve the vision.___________________
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Indian Economy Plans, Programmes and Results
1 June 2016
Key Takeouts From India’s GDP Numbers
http://swarajyamag.com/economy/dont-order-the-champagne-yet-key-takeouts-from-indias-gdp-numbers
27 September 2015
PM Narendra Modi told the audience of Facebook Townhall meeting that his aim is making India's economy touch $20 trillion in ppp terms. (PWC 2050 world forecast says that by 2030 India will reach 17.13 trillion dollars.)
http://timesofindia.indiatimes.com/tech/tech-news/India-a-heaven-for-investors-aim-to-make-it-20-trillion-economy-PM-Modi/articleshow/49130230.cms
11 May 2015
$10 trillion economy by 2034
We need to boost R&D spending to 2.4% of GDP to achieve GDP growth of 9% p.a. for number of years and become $10 trillion economy by 2034
India's economy would need to increase its research and development (R&D) spending from mere 0.8 per cent of gross domestic product (GDP) in 2013 to 2.4 per cent similar to developed markets of Korea (3.8 per cent), US (2.7 per cent) and China (1.9 per cent) to grow its GDP by 9 per cent per annum to become a $10 trillion economy over the next two decades. Minister of state for science & technology and earth sciences, Mr Y.S. Chowdary stressed the point while inaugurating '3rd Innovation Summit-cum-Excellence Awards: Innovative India@2020,' organised by The Associated Chambers of Commerce and Industry of India (ASSOCHAM) on 11th May 2015.
Read the PWC Report for the Event
https://www.pwc.in/assets/pdfs/publications/2015/innovation_driven_growth_in_india_final.pdf
Focus on innovation should not be restricted to new technologies and products but also include innovative distribution and financing processes and business models according to the minister.
http://www.business-standard.com/article/news-cm/need-to-boost-r-d-spending-to-2-4-to-achieve-gdp-growth-of-9-p-a-to-become-10-trillion-economy-by-2034-science-technology-minister-115051200273_1.html
23 March 2015
Former IMF Deputy Managing Director John Lipsky - Exim Bank Commencement Day Celebration Lecture
"Viewed from a global perspective, India appears poised to enter a period of powerful progress that could carry widespread and profound benefits,"
This exciting period of "accelerated progress" could encompass many important social, economic and financial aspects. Investor expectations are favourable both because of promises of reforms and because of problems evident in other emerging markets.
"But this highly encouraging outcome can't be taken for granted. It will be realised only if opportunities are seized, including through a combination of reforms and new investment."
The biggest challenge is to improve productivity on a sustained basis.
"The key challenge will be to boost productivity significantly, and on a sustained basis,"See the Webcast of the lecture and listen to Dr. Lipsky favourable words on India's potential
http://24framesdigital.com/eximbank/webcast/230315/ (link not working)
https://www.apnnews.com/dr-john-lipsky-delivers-exim-banks-commencement-day-annual-lecture-2015/
https://www.business-standard.com/article/economy-policy/ex-official-of-imf-for-faster-reforms-115032301211_1.html
https://timesofindia.indiatimes.com/business/india-business/Former-IMF-deputy-MD-John-Lipsky-calls-for-accelerated-reforms/articleshow/46666949.cms
Honourable Minister Piyush Goyal organized Udyog Manthan in 40 sectors of industry and commerce. Details are available in:
I appreciate the minister for this mammoth effort to support Make in India.
1 March 2015
The Economic Times Newspaper carried this item on the front page in its coverage of Central Budget for India presented on 28 February by Finance Minister Arun Jaitley.
"PM Modi dreams of a $20-trillion economy. As the Budget revs up India and makes it competitive globally, the world is agog."
Readers are requested to give their opinions through comments.
Government - Central, State and Local Government - 15% - $ 3 trillion
Agriculture and Mining - $1 trillion (difficult. USA only $500 billion)
Construction - $ 1 trillion
Manufacturing 25% - $ 5 trillion
Automobiles - $1 trillion
Air Planes
Chemicals
Defence Equipment
Electrical equipment
Electronic devices
Petroleum - Extraction and Refining
Pharmaceuticals
Power Production
Railway Equipment
Metal refining
Textiles ($650 billion production planned for 2025)
Services 50% - $ 10 trillion
IT - $1 trillion
Real Estate - Offices, Hotels, Resorts and Residential Houses - Renting and Leasing - $1.75 trillion
Banking, Mutual Funds and Insurance - $1.5 trillion
Health and Social Care - $1.5 trillion
Wholesale and Retail Trade - $2.25 trillion
Media - $0.75 trillion
Entertainment - $0.75 trillion
Education - $0.25 trillion
Transport - $0.25
(Tourism is 7.5% of economy presently.)
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http://pib.nic.in/photo//2015/Jan/l2015011661248.jpg
During his address on 16 January 2015 in ET Global Business Meet, Prime Minister Narendra Modi stated his dream and asked his countrymen "Can't we dream and achieve?"
$20 Trillion GDP Indian Economy is the Dream.
What is required to achieve it?
Presently India is $2 Trillion economy. At 10% per annum growth rate, it will take 25 years to achieve that target in real terms. May be if we take it in nominal terms it may take 20 years as there will be inflation in USA also.
Is 10% growth rate for 25 years possible?
Yes, it is possible if savings rate is 40% and Incremental Capital Output Ratio (ICOR) is 4 on average. It means capital projects must be planned with efficiency. All projects must be subjected to efficiency audits. Industrial Engineering is one discipline with focus on efficiency. In India, the National Institute given responsibility for Industrial Engineering is NITIE situated at Mumbai. The institute must rise to the occasion. I am a professor in NITIE and do my bit to increase the knowledge of the discipline in all engineers and managers by maintaining a blog titled Industrial Engineering Knowledge Center. In recent years, I am also taking interest in explaining the discipline through company based training programmes.
So two questions are important.
ICOR
ICOR was average 4 in China during the period 1995 to 2008. Then it went above 4 for three years.
In India ICOR was 5 during 1991 to 2000, 4.4 during 2001 to 2010, but it was 3,7 during 2004 to 2008.
We can see that India has achieved ICOR of less than 4 during some years. This gives us the confidence that motivated government administration - Cabinets, Parliament, Assemblies and Panchayats and government employees, public sector management and employees, and private sector management and employees can achieve ICOR of 4 or less. The vision is compelling for all and the emphasis on inclusion announced by Modi should motivate all. The focus is not on fattening the wealth of rich but that of financial unity and inclusion.
http://www.keepeek.com/Digital-Asset-Management/oecd/development/economic-outlook-for-southeast-asia-china-and-india-2014/incremental-capital-output-ratio-icor-in-emerging-asia-1995-2011_saeo-2014-graph93-en#page1
http://www.livemint.com/Money/LWBk77WUpnAs2mr3rIhF0K/Rising-ICOR-and-poor-growth.html
http://www.rbi.org.in/scripts/BS_SpeechesView.aspx?Id=603
Savings and Investment
India’s savings and investment peaked at 36.8% and 38.1% of GDP, respectively, in FY08. In FY13, the overall savings rate dropped to 30.1% of GDP and investment to 34.8% of GDP.
http://archive.financialexpress.com/news/budget-2014-indias-falling-savings-inflation-investments-and-returns/1226932
In China, the savings rate has gone up to 50% also. It seems possible that in India also Investment can be taken up to 40% GDP.
In both the important dimensions, India can reach the target and achieve 10 growth rate for a long period of time and achieve Modi's Dream.
I have circulated this article in social media and got some comments. I replied to some of them and elaborated my analysis.
Today I cam across a lecture by S. Gurmurty. In December 2014 itself, he talked of $800 billion investment.
https://hinduway.wordpress.com/2014/12/25/greatness-of-the-indian-society-s-gurumurthy/
1 March 2015
The Economic Times Newspaper carried this item on the front page in its coverage of Central Budget for India presented on 28 February by Finance Minister Arun Jaitley.
"PM Modi dreams of a $20-trillion economy. As the Budget revs up India and makes it competitive globally, the world is agog."
Important Sectors - Contribution in $20 trillion India GDP
Estimated by Narayana Rao (based on a comparison with current GDP of USA)Readers are requested to give their opinions through comments.
Government - Central, State and Local Government - 15% - $ 3 trillion
Agriculture and Mining - $1 trillion (difficult. USA only $500 billion)
Construction - $ 1 trillion
Manufacturing 25% - $ 5 trillion
Automobiles - $1 trillion
Air Planes
Chemicals
Defence Equipment
Electrical equipment
Electronic devices
Petroleum - Extraction and Refining
Pharmaceuticals
Power Production
Railway Equipment
Metal refining
Textiles ($650 billion production planned for 2025)
Services 50% - $ 10 trillion
IT - $1 trillion
Real Estate - Offices, Hotels, Resorts and Residential Houses - Renting and Leasing - $1.75 trillion
Banking, Mutual Funds and Insurance - $1.5 trillion
Health and Social Care - $1.5 trillion
Wholesale and Retail Trade - $2.25 trillion
Media - $0.75 trillion
Entertainment - $0.75 trillion
Education - $0.25 trillion
Transport - $0.25
(Tourism is 7.5% of economy presently.)
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The Dream of $20 Trillion GDP - Dream Declared by PM Modi
$20 Trillion GDP for India - The Dream - PM Narendra Modi
17 January 2015 - The Dream Was Read by Me and My Support Started
Prime Narendra Modi addressing ET Global Business Meet on 16 January 2015
http://pib.nic.in/photo//2015/Jan/l2015011661248.jpg
During his address on 16 January 2015 in ET Global Business Meet, Prime Minister Narendra Modi stated his dream and asked his countrymen "Can't we dream and achieve?"
$20 Trillion GDP Indian Economy is the Dream.
$20 Trillion GDP India - Dream Feasible - Feasibility Analysis
What is required to achieve it?
Presently India is $2 Trillion economy. At 10% per annum growth rate, it will take 25 years to achieve that target in real terms. May be if we take it in nominal terms it may take 20 years as there will be inflation in USA also.
Is 10% growth rate for 25 years possible?
Yes, it is possible if savings rate is 40% and Incremental Capital Output Ratio (ICOR) is 4 on average. It means capital projects must be planned with efficiency. All projects must be subjected to efficiency audits. Industrial Engineering is one discipline with focus on efficiency. In India, the National Institute given responsibility for Industrial Engineering is NITIE situated at Mumbai. The institute must rise to the occasion. I am a professor in NITIE and do my bit to increase the knowledge of the discipline in all engineers and managers by maintaining a blog titled Industrial Engineering Knowledge Center. In recent years, I am also taking interest in explaining the discipline through company based training programmes.
So two questions are important.
What is ICOR in India and how does it compare with China?
What is savings rate in India and how does it compare with China?
ICOR
ICOR was average 4 in China during the period 1995 to 2008. Then it went above 4 for three years.
In India ICOR was 5 during 1991 to 2000, 4.4 during 2001 to 2010, but it was 3,7 during 2004 to 2008.
We can see that India has achieved ICOR of less than 4 during some years. This gives us the confidence that motivated government administration - Cabinets, Parliament, Assemblies and Panchayats and government employees, public sector management and employees, and private sector management and employees can achieve ICOR of 4 or less. The vision is compelling for all and the emphasis on inclusion announced by Modi should motivate all. The focus is not on fattening the wealth of rich but that of financial unity and inclusion.
http://www.keepeek.com/Digital-Asset-Management/oecd/development/economic-outlook-for-southeast-asia-china-and-india-2014/incremental-capital-output-ratio-icor-in-emerging-asia-1995-2011_saeo-2014-graph93-en#page1
http://www.livemint.com/Money/LWBk77WUpnAs2mr3rIhF0K/Rising-ICOR-and-poor-growth.html
http://www.rbi.org.in/scripts/BS_SpeechesView.aspx?Id=603
Savings and Investment
India’s savings and investment peaked at 36.8% and 38.1% of GDP, respectively, in FY08. In FY13, the overall savings rate dropped to 30.1% of GDP and investment to 34.8% of GDP.
http://archive.financialexpress.com/news/budget-2014-indias-falling-savings-inflation-investments-and-returns/1226932
In China, the savings rate has gone up to 50% also. It seems possible that in India also Investment can be taken up to 40% GDP.
In both the important dimensions, India can reach the target and achieve 10 growth rate for a long period of time and achieve Modi's Dream.
I have circulated this article in social media and got some comments. I replied to some of them and elaborated my analysis.
24 January 2016
Today I cam across a lecture by S. Gurmurty. In December 2014 itself, he talked of $800 billion investment.
https://hinduway.wordpress.com/2014/12/25/greatness-of-the-indian-society-s-gurumurthy/
Narendra Modi's Dream - India: 20 Trillion Dollar Economy - Possible by 2035 through Involvement of All Indians
10% growth rate makes it possible. Innovation and efficiency are required. Government, Public Sector and Private Sector - all have to innovate and all have to improve efficiency.
10% growth was announced by the earlier government also. So it is possible. If the present government is more committed, more determined, and more driven by ideology to make India great and prosperous, 10% growth will be achieved and Modi's dream which will be the dream of all of us will come true. Rs.1,00,000 per month will be the per capital income in the country. Understand the potential and work for it. Believe in yourself first and achieve targets at your level first has to be the aim of many independent producers of goods and services. Remember Gandhi - Be the Change.
Modi's Dream for India - Let us make it Our Dream
Prime Minister Modi has an India Dream
India is a World Top Team
India has Param Vaibhavam
Indians have great name and fame
Modi wrote a Gandhi Rhyme
There should be calm
Development is what Everybody should proclaim
Swachhata is the aim and health for all is main
20 trillion dollars in Maa Bharati's hands
Enough to fulfill every toiler's desires
Enough to nourish all Bharat residents
Every Indian has to come out and flex his muscles
The dream will be reality
Provided our polity
Nobility and levity
Work with unity
It is Vivekananda's Dream
It is Gadhiji's Dream
Once again provided to us as Modi's Dream
Let us make it Our Dream
Mother, I am here
To fulfill your desire
I promise to deliver
Period of great grandeur
Narayana Rao - 18.1.2015 at Thane 4.50 am
USA's GDP for 2013 17.078.3 trillion dollars.
http://nraousa.blogspot.in/2015/01/gdp-of-usa-2013.html
The Mechanism for Achieving $20 Trillion by 2035 - Increasing GDP 10 times for India
Passenger car industry can be the key industry. Plan to increase the car production 10 times from the present 30,00,000 to 30,000,000 ( from 30 lakhs to 3 crores or 3 million to 30 million)
Estimate of $14 trillion GDP in a Book
See the Page of a Google Book
The End of American World Order
https://books.google.co.in/books?id=zVRxAwAAQBAJ
5 February 2015
Chetan Ahya in the Economic Times dated 5.2.2015 Page 18
Taken together, these important changes in the macro environment, when fully implemented, should have a lasting impact on boosting economic development in India, and will go some way in achieving the ambition of creating a $10-trillion economy by 2030.
http://blogs.economictimes.indiatimes.com/et-commentary/indias-path-to-a-10-trillion-economy/
1 Feb 2015
Indian Stock Market value will touch $10 trillion dollars - BSE Chief Ashish Chauhan
http://www.financialexpress.com/article/markets/indian-markets/indian-markets-can-get-10-trillion-size-with-right-approach-bse-chief-ashish-chauhan/37607/
22 Jan 2015
China has gone ahead. But India can catch up. Indian Express
http://indianexpress.com/article/opinion/columns/paper-dragon/
24 November 2014
PWC Report on India - Future of India - Winning Leap
Scenario 3: The Winning Leap includes investment in both human and physical capital as per the previous two scenarios but also focuses on investment in R&D and innovation and envisions a 9.0% CAGR for GDP by 2034. This scenario forecasts the most aggressive growth and is the only scenario which will generate the 240 million new jobs India's growing demography needs. This is supported by a massive transformation in the investment outlook and productivity metrics in India, supported through significant investments (domestic and foreign) and research and development.
http://press.pwc.com/global/the-future-of-india/s/3de54e52-d24c-49b4-bd8d-7cc5705bd5e6
Development of R&D Important for $10 Trillion GDP
_______________
_______________
Business world
Video - NDTV
http://profit.ndtv.com/videos/news/video-india-to-be-10-trillion-economy-by-2034-346133
February 2014
Finance Minister Chidambaram announced that India will be the third largest economy in the world by 2043. Can it be achieved by Modiji much before?
Policies to make India the third largest economy - Shri Chidambaram
http://guide-india.blogspot.in/2014/12/india-to-be-third-largest-economy-in.html
2010
A book written in 2009
SAGE Publications India, Jan 20, 2010 - 300 pages
This book paints a bold and inspiring scenario of India becoming an affluent society by 2039, that is, within a generation from now. It makes a persuasive case as to why such a scenario could be plausible. Even more importantly, the book very appropriately and frankly assess the many hurdles – political, social, policy and institutional – that the country must overcome to realize this vision and lift millions of Indians from relative poverty today to enjoy the fruits of a modern and inclusive affluent society within 30 years or so. Its agenda of inter-generational issues is central to India avoiding the middle income trap that so many other countries have fallen into. However, India can successfully tackle this trap only by addressing, and addressing urgently and head on, the various facets of governance highlighted in the book.
Features unique to this study
- unlike other vertical studies that treat a topic in depth but on its own, this book tries to connect the dots between the key issues that could decide the future of Indian society
- it has a longer 30-year perspective, with a corresponding emphasis on challenges that require long gestation to address
- it offers a projection not of what will be but of what India’s potential is.
Preview
https://books.google.co.in/books?id=jfyHAwAAQBAJ
_____________________________________________
India - Vision $20 Trillion GDP - The Journey
Tifac is creating Technology Vision 2035 for India
http://www.indiatechvision2035.in/
http://www.tifac.org.in/index.php?option=com_content&view=article&id=835&Itemid=1402
Updated: 30.10.2024, 15 August 2021, 30 July 2021
Comparison With US GDP
USA's GDP for 2013 17.078.3 trillion dollars.
http://nraousa.blogspot.in/2015/01/gdp-of-usa-2013.html
The Mechanism for Achieving $20 Trillion by 2035 - Increasing GDP 10 times for India
Passenger car industry can be the key industry. Plan to increase the car production 10 times from the present 30,00,000 to 30,000,000 ( from 30 lakhs to 3 crores or 3 million to 30 million)
Voices Supporting Modi's Dream
Estimate of $14 trillion GDP in a Book
See the Page of a Google Book
The End of American World Order
https://books.google.co.in/books?id=zVRxAwAAQBAJ
5 February 2015
Chetan Ahya in the Economic Times dated 5.2.2015 Page 18
Taken together, these important changes in the macro environment, when fully implemented, should have a lasting impact on boosting economic development in India, and will go some way in achieving the ambition of creating a $10-trillion economy by 2030.
http://blogs.economictimes.indiatimes.com/et-commentary/indias-path-to-a-10-trillion-economy/
1 Feb 2015
Indian Stock Market value will touch $10 trillion dollars - BSE Chief Ashish Chauhan
http://www.financialexpress.com/article/markets/indian-markets/indian-markets-can-get-10-trillion-size-with-right-approach-bse-chief-ashish-chauhan/37607/
22 Jan 2015
China has gone ahead. But India can catch up. Indian Express
http://indianexpress.com/article/opinion/columns/paper-dragon/
24 November 2014
PWC Report on India - Future of India - Winning Leap
Scenario 3: The Winning Leap includes investment in both human and physical capital as per the previous two scenarios but also focuses on investment in R&D and innovation and envisions a 9.0% CAGR for GDP by 2034. This scenario forecasts the most aggressive growth and is the only scenario which will generate the 240 million new jobs India's growing demography needs. This is supported by a massive transformation in the investment outlook and productivity metrics in India, supported through significant investments (domestic and foreign) and research and development.
http://press.pwc.com/global/the-future-of-india/s/3de54e52-d24c-49b4-bd8d-7cc5705bd5e6
Development of R&D Important for $10 Trillion GDP
_______________
_______________
Business world
Video - NDTV
http://profit.ndtv.com/videos/news/video-india-to-be-10-trillion-economy-by-2034-346133
February 2014
Finance Minister Chidambaram announced that India will be the third largest economy in the world by 2043. Can it be achieved by Modiji much before?
Policies to make India the third largest economy - Shri Chidambaram
http://guide-india.blogspot.in/2014/12/india-to-be-third-largest-economy-in.html
2010
A book written in 2009
India 2039: An Affluent Society in One Generation
(Google eBook)$20 trillion GDP for India mentioned in the book.
Harinder S Kohli, Anil SoodSAGE Publications India, Jan 20, 2010 - 300 pages
This book paints a bold and inspiring scenario of India becoming an affluent society by 2039, that is, within a generation from now. It makes a persuasive case as to why such a scenario could be plausible. Even more importantly, the book very appropriately and frankly assess the many hurdles – political, social, policy and institutional – that the country must overcome to realize this vision and lift millions of Indians from relative poverty today to enjoy the fruits of a modern and inclusive affluent society within 30 years or so. Its agenda of inter-generational issues is central to India avoiding the middle income trap that so many other countries have fallen into. However, India can successfully tackle this trap only by addressing, and addressing urgently and head on, the various facets of governance highlighted in the book.
Features unique to this study
- unlike other vertical studies that treat a topic in depth but on its own, this book tries to connect the dots between the key issues that could decide the future of Indian society
- it has a longer 30-year perspective, with a corresponding emphasis on challenges that require long gestation to address
- it offers a projection not of what will be but of what India’s potential is.
Preview
https://books.google.co.in/books?id=jfyHAwAAQBAJ
_____________________________________________
India - Vision $20 Trillion GDP - The Journey
Tifac is creating Technology Vision 2035 for India
http://www.indiatechvision2035.in/
http://www.tifac.org.in/index.php?option=com_content&view=article&id=835&Itemid=1402
News Updates - $20 Trillion GDP for India
India Economic Conclave 2021- India's $5 trillion dream is still alive
ET Now DigitalUpdated Mar 19, 2021
Moody’s Analytics said on Thursday (March 19) said India’s GDP is projected to grow by 12% in 2021 as compared to its November 2020 estimate of 9% growth for the current calendar year.
India’s Sectoral Growth Patterns and US$ 5 Trillion Trajectory: An Empirical Investigation
on Macroeconomic Impact of COVID-19
Swapnil Soni1 and M. H. Bala Subrahmanya
The results of empirical analyses reveal that India will join US$ 5 trillion club by 2027–2028,
The Indian Economic Journal
68(3) 309–322, 2020
Updates to the Blog Post - $20 Trillion GDP for India
Updated: 30.10.2024, 15 August 2021, 30 July 2021
18 October 2018, 15 September 2018
21 July 2016, 24 Jan 2016, 1 Nov 2015, 24 March 2015, 16 March 2015, 1 March 2015
Updated 27 Feb 2015, 18 Jan 2015
21 July 2016, 24 Jan 2016, 1 Nov 2015, 24 March 2015, 16 March 2015, 1 March 2015
Updated 27 Feb 2015, 18 Jan 2015
Started on 17 January 2015
Wednesday, November 6, 2024
Constituency Domestic Product - Role of MPs and MLAs in CDP Growth
6.11.2024
I am covering 2024 Maharashtra State Assembly Elections, Constituency by Constituency. (Maharashtra Assembly - 2024 Election Information Board) Why?
To promote the message - Prepare Constituency Development Plan.
Both candidates and voters have to be made aware of the need for the constituency plan.
A Request/Suggestion to All Assembly Candidates.
Your party manifesto will be there for the state.
What is your plan and promise to your constituency?
What is the planned GDP in your constituency for the next five years?
What is the plan for capital investment by Central Government in your constituency?
What is the plan for capital investment by State Government in your constituency?
2018 Article on Constituency Domestic Product - Role of MPs and MLAs in CDP Growth. Hence the current appeal to all candidates to think on the GDP of their constituency (CDP).
https://guide-india.blogspot.com/2018/11/constituency-domestic-product-role-of.html
This idea was expressed in an address.
Ekatma Manav Darshan and Capitalism - Presentation by Prof. Narayana Rao K.V.S.S.
14 Feb 2016
This address was published in a Marathi publication along with articles by Central Cabinet ministers, BJP chief ministers and ministers.
---------------------------------------
25.3.2024
My Appeal to All Lok Sabha Candidates of 2024 to Think on Constituency Domestic Product (#CDP)
A Request/Suggestion to All Lok Sabha Candidates.
Your party manifesto will be there for the country.
What is your plan and promise to your constituency?
What is the planned GDP in your constituency for the next five years/
What is the plan for capital investment by Central Government in your constituency?
What is the plan for capital investment by State Government in your constituency?
2024 India Lok Sabha - Parliament Elections Information Board.
https://guide-india.blogspot.com/2024/03/2024-india-lok-sabha-parliament_19.html
------------------------------
Thank you Ajeet Sharma - Congress Candidate - #Bhagalpur - Bihar
for the
Bhagalpur Manifesto (Constituency Development Plan (#CDP)).
https://twitter.com/ajeetsharmainc/status/1778667414546272670
Ajeet Sharma - Congress Candidate - #Bhagalpur - Bihar
https://guide-india.blogspot.com/2024/04/ajeet-sharma-congress-candidate.html
-----------------------------
Mihir Kotecha - Mumbai North East - BJP Candidate - Suggestions for Development of the Constituency - Your Expectations - My Duty.
Mihir Kotecha
Your valuable suggestions & demands are crucial for the future development of our constituency. I humbly request that you all share your thoughts with me on the WhatsApp number provided below. I assure you that I am committed to fulfilling them to the best of my ability.
My Suggestion is that all associations related to agriculture, manufacturing and services businesses in the constituency are contacted and requirements of investments by central government, state government and municipal corporation are ascertained.
About Mihir Kotecha - BJP Candidate - Mumbai North East - Maharashtra
https://guide-india.blogspot.com/2024/04/nd1.html
---------------------------------
District-Wise GDP Figures
Available at:
12.11.2018
I advocated and explained that adequate and appropriate investment in the country can happen only when MPs and MLAs recommend investments that support plans of agriculturists, manufacturers and service businessmen. They are the natural leaders of people close to them and their area of business. They can ascertain their needs and desires and even do a preliminary assessment of relevance and feasibility. I explained it in an address on economy topic wherein I discussed growth in GDP in the coming years. https://www.youtube.com/watch?v=VUn4JmyWHPU
District, sub- district level and constituency level strategies are imperative to ensure balanced development below the state and district levels. Analysis of economic aggregates such as GVA play a key role in giving a prescription to improve the health of the economy, identifying the potential sectors at constituency level. This will also help to locate the backward areas and untapped resources, requiring focused attention of the Government.
The role of the people’s representatives (MPs and MLAs) in the journey of development of the state is noteworthy. The Constituency Domestic Product Estimates (CDP) prepared by Directorate of Economics & Statistics will be of immense use for the elected representatives, especially for acquiring better comprehension of the local strengths.
AP Government made a publication provides insights into the economic status of 175 constituencies
in the state and serve as a tool to workout appropriate plans for development for the year 2015-16
https://desap.cgg.gov.in/jsp/social/Constituency%20Domestic%20Product%2015-16.pdf
Kakinada Constituency has per capital income (PCI) of Rs 1,22,439 for the year 2015-16
See the article
https://timesofindia.indiatimes.com/city/visakhapatnam/Visakhapatnam-tops-list-of-richest-cities-in-Andhra-Pradesh/articleshow/54436625.cms
December 2016
Gopalapuram constituency in West Godavari stood first in the State in terms of consolidated ranking.
The government took GVA, PCI, IMR, MMR, PCE, GPs-ODF, Mee Kosam, Neeru Pragathi, NTR pensions, NTR Vaidya seva, out of school children, R&B roads, tap connections and girls pass-out in tenth standard as parameters in assessing the performance.
Gajuwaka in Viskahapatnam district stood first in the State regarding constituency domestic product (CDP). The constituency is also first in the State with a per capita income (PCI) of Rs. 2,64,232.
https://www.thehindu.com/news/national/andhra-pradesh/4-WG-constituencies-come-out-on-top/article16920310.ece
3 Nov 2018
Paonta MLA wants to augment power facility in his constituency
https://www.tribuneindia.com/news/weekly-pullouts/himachal-tribune/paonta-mla-wants-to-augment-power-facility-in-his-constituency/677961.html
25th Conference of Central and State Organizations (COCSSO ) held during 18-19 January 2018 at Bengaluru.
Statistics needs of parliamentary and assembly needs are to be taken care of. Minister Sadananda Gowda.
DES of Andhra Pradesh reported in the meeting that in Andhra Pradesh Domestic product at state, mandal and constituency level are being estimated. State level IIP is also calculated.
http://mospi.nic.in/sites/default/files/cocsso/25th_CoCSSO_Minutes_05_03_2018_F.PDF
Decentralized Planning
MPs and MLAs have to prepare investment plans/estimates for their constituencies and send them to Government
I advocated and explained that adequate and appropriate investment in the country can happen only when MPs and MLAs recommend investments that support plans of agriculturists, manufacturers and service businessmen. They are the natural leaders of people close to them and their area of business. They can ascertain their needs and desires and even do a preliminary assessment of relevance and feasibility. I explained it in an address on economy topic wherein I discussed growth in GDP in the coming years. https://www.youtube.com/watch?v=VUn4JmyWHPU
District, sub- district level and constituency level strategies are imperative to ensure balanced development below the state and district levels. Analysis of economic aggregates such as GVA play a key role in giving a prescription to improve the health of the economy, identifying the potential sectors at constituency level. This will also help to locate the backward areas and untapped resources, requiring focused attention of the Government.
The role of the people’s representatives (MPs and MLAs) in the journey of development of the state is noteworthy. The Constituency Domestic Product Estimates (CDP) prepared by Directorate of Economics & Statistics will be of immense use for the elected representatives, especially for acquiring better comprehension of the local strengths.
AP Government made a publication provides insights into the economic status of 175 constituencies
in the state and serve as a tool to workout appropriate plans for development for the year 2015-16
https://desap.cgg.gov.in/jsp/social/Constituency%20Domestic%20Product%2015-16.pdf
Kakinada Constituency has per capital income (PCI) of Rs 1,22,439 for the year 2015-16
See the article
https://timesofindia.indiatimes.com/city/visakhapatnam/Visakhapatnam-tops-list-of-richest-cities-in-Andhra-Pradesh/articleshow/54436625.cms
December 2016
Gopalapuram constituency in West Godavari stood first in the State in terms of consolidated ranking.
The government took GVA, PCI, IMR, MMR, PCE, GPs-ODF, Mee Kosam, Neeru Pragathi, NTR pensions, NTR Vaidya seva, out of school children, R&B roads, tap connections and girls pass-out in tenth standard as parameters in assessing the performance.
Gajuwaka in Viskahapatnam district stood first in the State regarding constituency domestic product (CDP). The constituency is also first in the State with a per capita income (PCI) of Rs. 2,64,232.
https://www.thehindu.com/news/national/andhra-pradesh/4-WG-constituencies-come-out-on-top/article16920310.ece
3 Nov 2018
Paonta MLA wants to augment power facility in his constituency
https://www.tribuneindia.com/news/weekly-pullouts/himachal-tribune/paonta-mla-wants-to-augment-power-facility-in-his-constituency/677961.html
25th Conference of Central and State Organizations (COCSSO ) held during 18-19 January 2018 at Bengaluru.
Statistics needs of parliamentary and assembly needs are to be taken care of. Minister Sadananda Gowda.
DES of Andhra Pradesh reported in the meeting that in Andhra Pradesh Domestic product at state, mandal and constituency level are being estimated. State level IIP is also calculated.
http://mospi.nic.in/sites/default/files/cocsso/25th_CoCSSO_Minutes_05_03_2018_F.PDF
Ud.6.11.2024, 25.3.2024
Pub. 12.11.2018
Thursday, October 31, 2024
Aquaculture - Fish Production and Productivity in India
2024 Updates
India stands third in world in terms of fish production, contributing 8 percent to the global fish production and ranks second in aquaculture production
Under PMMSY, overall fish production in the country has shown an increasing trend, registering a fish production of 162.48 lakh tonnes in 2021-22from 141.64 lakh tonnes in 2019-20
Posted On: 24 MAR 2023 6:05PM by PIB Delhi
STATE-WISE AQUA CULTURE PRODUCTIVITY
Area utilized, production & productivity of L. vannamei during 2020-21
2020-21 2020-21 2020-21
Sl. No. State AUC (ha) Production (MT) Productivity (MT/ha/yr)
1 Andhra Pradesh 71921 634672 8.82
AP highest
Area utilized, production & productivity of Black Tiger Shrimp Shrimp during 2020-21
3 Andhra Pradesh 2591 5222 2.02
In productivity Gujarat has the highest output at 3.31 MT/ha/yr, but only 35 ha is used.
--------------
15.8.2019
Indian fishing sector
Indian fishing sector constitutes about 6.3% of the global fish production.
The sector contributes to 1.1% of the Gross Domestic Product (GDP).
It is 5.15% of the agricultural GDP.
The total fish production of 10.1 million metric tonnes presently has nearly 65% contribution from the inland sector and the rest is from marine sector.
In the fish farms the productivity can be 5000 kg per hectare per annum. But the the average in India is less than 3000 kg. Hence there is good potential to increase productivity in the fishing sector in Indian fish farms.
We have to examine productivity science, productivity engineering and productivity management activities to identify the steps to be taken in each of these phases of productivity improvement at national, state, and district levels by government. Similarly the steps to be taken at industry level and unit level are to be identified.
National Fisheries Development Board India
http://nfdb.gov.in/about-indian-fisheries.htm
Draft Inland and Aquaculture Policy - India
http://nfdb.gov.in/PDF/Draft%20National%20Inland%20Fisheries%20&%20Aquaculture%20Policy%20(NIFAP).pdf
Fish Farm Pond Management - FAO
Very good information
http://www.fao.org/fishery/static/FAO_Training/FAO_Training/General/x6709e/x6709e16.htm
The manual starts from
http://www.fao.org/fishery/static/FAO_Training/FAO_Training/General/x6709e/x6709e01.htm
(Change page number to get other lessons.)
Carp Culture in Fresh Water Ponds
Brief economics: With four carp species culture at 6000 / ha stocking density and with 80 per cent survival, the culture would yield 400 to 500 kg / 0.1 ha / 12 to 18 months culture and at Rs.80/- a kilo, the gross income would be 32,000/- to 40,000/-, with about Rs.15,000/- towards annual expenditure for fish seed, lime, manure and feed.
http://www.ccari.res.in/frog/techoptions.htm#Name%20of%20the%20technology:%20%20Carp%20culture%20in%20freshwater%20ponds
http://www.ccari.res.in/frog/techoptions.htm
2019
Fish Farming - Aquaculture on A Small Scale
By Vin Hayes
https://www.countryfarm-lifestyles.com/Fish-Farming.html
2018
Fish farms to produce nearly two thirds of India's fish supply by 2030
In the 1950s, fish from the seas accounted for over 70% of India’s production, but now its share is halved.
ET Bureau, Sep 09, 2018
Good information
https://economictimes.indiatimes.com/news/economy/agriculture/fish-farms-to-produce-nearly-two-thirds-of-indias-fish-supply-by-2030/articleshow/65734974.cms
All about Fish Farming in India
06 September, 2018
https://krishijagran.com/featured/all-about-fish-farming-in-india/
Present status of freshwater aquaculture in India - A review, 2018
P. JAYASANKAR
ICAR-Central Marine Fisheries Research Institute, Kochi - 682 018, Kerala, India
http://eprints.cmfri.org.in/13354/1/P%20Jayasankar_2018_Indian%20Journal%20of%20Fisheries_65-4_Present%20status%20of%20freshwater%20aquaculture%20in%20India%20-%20A%20review.pdf
2017
Results of experiments to produce fish seed in ponds covered with LDPE roof 2011 to 2013 in Assam
https://rkvy.nic.in/Uploads/SucessStory/ASSAM/2017/2017010846RKVY%20Success%20Story%20_%20Fishery%20%20Research%20Unit.pdf
Biotechnology as an Important Tool for Improving Fish Productivity
American Journal of Bioscience and Bioengineering
Volume 5, Issue 1, February 2017, Pages: 17-22
http://article.sciencepublishinggroup.com/html/10.11648.j.bio.20170501.14.html
A first experiment on cage culture of Catla catla in back water of Shankar Sagar
reservoir, Vishnupuri Project Dist. Nanded, Marathwada (Maharashtra)
Jayvardhan V Balkhande, Arvind Kulkarni
Jayvardhan V Balkhande et al., JIPBS, Vol 4 (4), 78-86, 2017
http://www.jipbs.com/VolumeArticles/FullTextPDF/335_JIPBSV4I412.pdf
KVK Promotion of Aquaculture - Interesting information
Dr. P. Jayashankar
zpd7icar.nic.in/Dr%20P%20Jayashankar%20CIFA.pdf
2016
Aquaculture technologies in Bangladesh: An assessment of technical and economic performance and producer behavior
Jahan, K.M., Belton, B., Ali, H., Dhar, G.C., Ara, I.
WorldFish, 12-Apr-2016
This study evaluates the performance of a wide range of aquaculture systems in Bangladesh. It is by far the largest of its kind attempted to date. The purpose of this study was to identify and analyze the most important production systems, rather than to provide a nationally representative overview of the entire aquaculture sector of Bangladesh. As such, the study yields a huge amount of new information on production technologies that have never been thoroughly researched before. The study reveals an extremely diverse array of specialized, dynamic and rapidly evolving production technologies, adapted to a variety of market niches and local environmental conditions. This is a testament to the innovativeness of farmers and other value chain actors who have been the principal drivers of this development in Bangladesh. Data was collected from six geographical hubs. The survey was conducted from November 2011 to June 2012. Technological performance in terms of detailed input and output information, fish management practices, credit and marketing, and social and environmental issues were captured by the survey questionnaire, which had both open and closed format questions. The study generated insights that enable better understanding of aquaculture development in Bangladesh.
https://books.google.co.in/books?id=4A6rDQAAQBAJ
2015
Career Opportunities in Fisheries & Ornamental Fish Culture
Dr. Arun S. Ninawe
Volume 15, Employment News
http://employmentnews.gov.in/NewEmp/MoreContentNew.aspx?n=InDepthJobs&k=117
Aquaculture Diversification Towards Boosting Pond Productivity and Farm Income
08 Jul 2015 - 28 Jul 2015
E-BOOK Edited By
Dr. PRATAP CHANDRA DAS
Dr. SANGRAM KETAN SAHOO
Dr. P.L. LALRINSANGA
Designed and Developed By
Division of Computer Applications
Indian Agricultural Statistics Research Institute,
Library Avenue, Pusa, New Delhi - 110 012 (INDIA)
https://cbp.icar.gov.in/ebook22.aspx?trainingApprovedId=SS-2015-931&trainingTitle=Aquaculture%20Diversification%20Towards%20Boosting%20Pond%20Productivity%20and%20Farm%20Income
2009
Enhancing fishery productivity in small reservoir in India: technical manual
Vass, K.K., Shrivastava, N.P., Katiha, P.K., Das, A.K. (2009)
WorldFish Center technical manual no.1949. The WorldFish Center, Penang, Malaysia. 19 p.
https://www.worldfishcenter.org/content/enhancing-fishery-productivity-small-reservoir-india-technical-manual-0
2005
An Evaluation of Small-scale Freshwater Rural Aquaculture Development for Poverty Reduction
Asian Development Bank. Operations Evaluation Department
Asian Development Bank, 2005 - Aquaculture - 164 pages
https://books.google.co.in/books?id=sDNn6JT6cHMC
Fish Seed
Delivering better quality tilapia seed to farmers
David C. Little
Institute of Aquaculture, University of Stirling, Stirling, Scotlan
https://cals.arizona.edu/azaqua/ista/ista6/ista6web/presentation/p003.pdf
Maharashtra
Vaidika Group - Maharashtrahttp://www.vaidikagroup.com/Vaidika-presentation.html
Maharashtra eyes large-scale cage fish farming in Sindhudurg
FE Bureau May 4, 2018
Maharashtra government has sought technical support from the Central Marine Fisheries Research Institute (CMFRI) for starting large-scale cage fish farming ventures in the brackish water of the Sindhudurg district
https://www.financialexpress.com/market/maharashtra-eyes-large-scale-cage-fish-farming-in-sindhudurg/1155158/
Present status, Prospectus of Freshwater fish production and future need of Wardha District of Maharashtra
Poster · February 2018
National Conference on Empowerment of Rural Communities through Aquaculture (ERCA-2018)
https://www.researchgate.net/publication/325130438_Present_status_Prospectus_of_Freshwater_fish_production_and_future_need_of_Wardha_District_of_Maharashtra
RURAL DEVELOPMENT PLAN
How rearing fish in small ponds is helping farmers boost incomes in Maharashtra
Farm ponds, built to harvest rainwater and irrigate rain-fed fields, are doubling up as fishponds, helping farmers overcome vagaries of agriculture.
Hiren Kumar Bose, Nov 22, 2017
https://scroll.in/article/858543/how-rearing-fish-in-small-ponds-is-helping-farmers-boost-incomes-in-maharashtra
Maharashtra plans policy to promote cage culture for fresh water fish
"Maharashtra has a reservoir area of around 4 lakh hectare and we plan to bring a maximum of 1% of this under fish cage farming,"
"Each cage can generate direct employment for 10 people. If 1,000 cages are put up, this can provide 10,000 jobs and indirect employment to around 15,000 people,"
Aug 3, 2016,
https://www.dnaindia.com/mumbai/report-maharashtra-plans-policy-to-promote-cage-culture-for-fresh-water-fish-2240545
INLAND FISH PRODUCTION IN INDIA
MAHARASHTRA AND UPPER KRISHNA BASIN
shodhganga.inflibnet.ac.in/bitstream/10603/7143/9/09_chapter%203.pdf
Aquaculture Equipment
ENERGY-SAVING AERATORS
Trusted & Professional Aerator Supplier for Aquaculture
https://aerator.migeetech.com/
Pub. 1.11.2024
Pub. 15.8.2019
Monday, October 28, 2024
Role of M.P.s and M.L.A.s in India's Economic Growth
Each M.P. has to set an annual target of Rs. 10,000 crore investment in his constituency.
M.P.s and MLAs of India have more active role in planning at their constituency level. through district planning committees
10% growth in GDP is being talked about in India for a long time. Now every international analyst says India has the potential to grow at 10 per cent. But the growth is not automatic. Investment has to take place every year in in Agriculture, Manufacturing and Service sectors so that additional productive capacity comes into existence and additional production takes place to increase the GDP.
Are the M.P.s and MLAs taking cognizance of it and facilitating investment in their constituencies? Reading of newspapers and periodicals does not give evidence that they are engaged in any serious investment promotion activities.
If we take $2 trillion as base figure for our current GDP, we require investment of Rupees 50 lakh crores in a year to target 10% growth. That means each M.P. has to set an annual target of Rs. 10,000 crore investment in his constituency.
Read more details in the article,
Narendra Modi's Dream - India: 20 Trillion Dollar Economy - Possible
http://guide-india.blogspot.com/2015/01/narendra-modis-dream-india-20-trillion.html
MP Local Area Development Funds
2005 Rules
http://mplads.nic.in/guidlines_revised.pdf
District Planning Committees - Role and Performance of Mandya and Mysore distircts - Paper
http://www.atimysore.gov.in/PDF/district_planning.pdf
Comprehensive development plan for Vijayawada Parliamentary constituency by MP Kesineni Srinivas- 264 villages of the constituency,
http://www.business-standard.com/article/pti-stories/tata-trust-to-develop-villages-in-vijayawada-115082200188_1.html
http://www.southreport.com/open-letter-to-mr-pawan-kalyan-from-vijayawada/
http://india.gov.in/my-government/indian-parliament/srinivas-kesineni
Strategic Missteps, Not Modi’s Declining Brand, Behind BJP’s Election Challenges.
SHARAN SETTY,
Aug 22, 2024.
Swarajya Magazine.
Modi Brand After 2024.
https://guide-india.blogspot.com/2024/10/modi-brand-after-2024.html
Friday, October 18, 2024
India Vision 2025 - $5 Trillion GDP
19.10.2024
May not be possible by 2025 March or December.
___________________
___________________
11-October-2018
Press Information Bureau
Government of India
Ministry of Commerce & Industry
11-October-2018
Vision of a USD 5 Trillion Indian Economy
The Working Group tasked to develop a roadmap towards achieving a 5 trillion dollar economy by 2025 has prepared its report and it is being circulated to the stakeholders for further suggestions.The Working Group was constituted by the Department of Industrial Policy and Promotion in the Ministry of Commerce and Industry with participation from government and industry. The Group held extensive and broad-based consultations with stakeholders to better understand the aspirations and the potential.The sectoral sub-groups were also formed to take the task forward.
India is one of the fastest growing major economies and is currently ranked as the world’s sixth largest economy. Projections of growth, over the medium term, remain encouraging and optimistic for India. The underlying strengths are indicative of the potential of India to achieve a USD 5 trillion economy by 2025. The current structure of the economy and the emerging dynamics provide us grounds to target achieving 1 trillion dollar from agriculture and allied activities, 1 trillion from manufacturing and 3 trillion from services.
The Government has several ongoing initiatives across sectors focused on growth. In agriculture the Government is aiming to reorient policy focus from being production-centric to becoming income-centric. The emphasis on incomes provides a broader scope towards achieving the needed expansion of the sector. The proposed Industrial Policy 2018 provides an overarching, sector-agnostic agenda for the enterprises of the future and envisions creating a globally competitive Indian industry that is modern, sustainable and inclusive.
The Champion Services sector initiative is also under way to accelerate the expansion of select service sectors. The Working Group has accounted for these initiatives and encourages a fresh impetus to achieve the target of a five trillion economy.
http://pib.nic.in/newsite/PrintRelease.aspx?relid=184130
2 October 2018
(12 - 13 February 2018)
14 May 2018
ET-Accenture Digital Fast Forward 2018
All the panelists felt that $5 trillion GDP target by 2025 was achievable. They felt it is probably underwhelming. Thus the corporate sector is highly positive about the target.
The contribution of Digital to GDP by that time will be $1 trillion. Hence Digital is going to grow in a big way.
The commerce ministry has sent a proposal to the Cabinet for investments of Rs. 5,000 crore in 12 champion sectors to push growth.
https://economictimes.indiatimes.com/news/economy/policy/new-initiatives-for-5-t-economy-soon-suresh-prabhu/articleshow/63948663.cms
Aug 22, 2015
Kolkata - Union Railway Minister Suresh Prabhu on Friday said he was optimistic about the Indian economy growing to $20 trillion in size over the next 20 years.
https://www.firstpost.com/business/suresh-prabhu-confident-india-will-be-a-20-trillion-economy-in-20-years-2403304.html
'Manufacturing sector will soon own 20% share of GDP'
http://www.business-standard.com/article/news-ani/manufacturing-sector-will-soon-own-20-share-of-gdp-118042800093_1.html
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
India will be a $5 trillion economy soon
__________________
__________________
Why India is on course to become a $5-trillion economy by 2025?
Apr 28, 2018
India is a $2.6-trillion economy.
There are forecasts that it would grow to $5 trillion by 2025. Can India do it?
Considering that its GDP doubled from $1 trillion to $2 trillion during 2007-14, it is certainly possible.
https://timesofindia.indiatimes.com/india/why-india-is-on-course-to-become-a-5-trillion-economy-by-2025/articleshow/63948216.cms
How India can become a $5 trillion economy
AJAY SRIVASTAVA
April 16, 2018
Our perspective must shift from policy to projects
To reach 5T, we need to shift our perspective from policy to projects. Select sectoral initiatives can be converted into 100 projects. Each to be led by a competent leader with proven skills.
https://www.thehindubusinessline.com/opinion/columns/ajay-srivastav/how-india-can-become-a-5-trillion-economy/article23562940.ece
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21 March 2017
Consumption will triple to $4 Trillion by 2025. Middle income Householders Will Represent Biggest Share of Spending; Urbanization and More Nuclear and Digital Households Will Also Shape New Spending Patterns
According to a report released today by The Boston Consulting Group’s (BCG) Center for Customer Insight (CCI), The New Indian: The Many Facets of a Changing Consumern nominal year-over-year expenditure growth of 12% in India is more than double the anticipated global rate of 5% and will make India the third-largest consumer market by 2025.
The shape of this growth will be influenced by the following factors:
The high income segments will constitute 40% of all spending by 2025; for the first time, this group will represent the largest consumption segment
Emerging cities (those with populations of less than 1 million) will be the fastest growing and will constitute one-third of total consumer spending by 2025
Three-fourths of all households will be nuclear families
Digital channels will influence 30% to 35% of all retail sales by 2025 and 8% to 10% of retail spending will be online
Among the factors that will shape consumption is India’s unique pattern of urbanization, in which emerging cities are the fastest growing. About 40% of India’s population will be living in urban areas by 2025, and city dwellers will account for more than 60% of consumption. Expenditures in these cities are already rising by nearly 14% a year, while consumer spending in India’s biggest cities is increasing at about 12% a year. Consumers in these cities behave differently from big-city consumers. They have a strong value-for-money orientation, significant local-culture affinity, and a more conservative financial outlook.
The proportion of nuclear households, which has been on the rise during the past two decades, has reached 70% and is projected to increase to 74% by 2025. This ongoing shift is significant to marketers because nuclear families spend 20% to 30% more per capita than joint families.
BCG CCI’s most recent consumer survey in India included 10,000 consumers in 30 locations nationwide and studied consumption in more than 50 categories. The biggest desires of aspirer households used to be to own a house and a car; today, many more of these consumers want to take international vacations. Similarly, affluent households are becoming comfort seekers, and they are willing to pay for it.
In addition, the internet is an increasingly pervasive factor in India’s commerce, and its influence will only expand. Online spending is taking off: in the past three years, the number of online buyers has increased sevenfold to 80 million to 90 million. Digital’s influence on broader consumer spending is significant and growing rapidly. Digitally influenced spending is currently about $45 billion to $50 billion a year, and that figure is projected to increase more than tenfold to $500 billion to $550 billion—and to account for 30% to 35% of all retail sales—by 2025. As a result, omnichannel interaction is more and more important, but its significance varies by category.
Already, a rising number of consumers in all segments are using the internet as their first port of call in framing and driving their purchase decisions. Research found that about 70% of those who have access to the internet go online to make informed purchase decisions.
https://www.bcg.com/d/press/21march2017-new-indian-changing-consumer-149010
https://www.bcg.com/publications/2017/marketing-sales-globalization-new-indian-changing-consumer.aspx
https://www2.deloitte.com/content/dam/Deloitte/uk/Documents/about-deloitte/deloitte-uk-about-india-matters.pdf
29 July 2016
In a meeting of CEOs of Tata group companies on this day, the birthday of Bharat Ratna J.R.D. Tata (29 July). chairman of the group, 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. MSMEs and India Uninc. can contribute equal amount of $3 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; (Large $1.25, Small $0.5)
Services - $ 4 trillion; (Large $2.0, Small $2.0)
29 May 2016
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.
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/
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 $80 billion now.
18 Mega cities will emerge.
Unit: Billion, US Dollar
China USA India
GDP-PPP Valuation 18,976 18,125 7,997
Source : International Monetary Fund, World Economic Outlook WEO, April 2015
2.15 Million vehicles produced in 2013-14.
7% of the country’s GDP.
6 Million-plus vehicles to be sold annually, by 2020.
The auto industry produced a total of 2.15 Million vehicles, including passenger vehicles, commercial vehicles, three-wheelers and two-wheelers in 2013-14 as against 2.06 Million in 2012-13, registering a growth of 4.04% in a year.
The total turnover in 2010-11 was USD 58.5 Billion, turnover by 2016 is slated to be USD 145 Billion.
Automotive mission plan, 2006-16:
To emerge as the world’s destination of choice for design and manufacture of automobiles and auto components with output reaching a level of USD 145 Billion, accounting for more than 10% of the GDP and providing additional employment to 25 Million people by 2016.
US$ 200 billion by 2025.
Source: Make in India - Automobile Components
http://guide-india.blogspot.in/2015/02/make-in-india-automobile-components-20.html
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.
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.
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
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 $108 billion the Indian chemical industry accounts for approximately 7% of Indian GDP. The chemicals sector accounts for about 14% in overall index of industrial production (IlP). Share of industry in national exports is around 11% (2011?)
http://www.petrochemconclave.com/presentation/2016/Mr.SMitra.pdf
http://www.petrochemconclave.com/presentation16.html - Index to presentations
http://ficci.in/spdocument/20441/Knowledge-Paper-chem.pdf
http://planningcommission.gov.in/aboutus/committee/wrkgrp12/wg_chem0203.pdf
http://www.mckinsey.com/global-locations/asia/india/en/latest-thinking
Handbook on India Chemical Industry
https://www.rolandberger.com/media/pdf/Roland_Berger_India_Chem_20101109.pdf
largest employer after the agriculture sector.
Construction industry can be broadly classified into two sectors i.e. organized and unorganized. The organized sector includes more than 30,000 organisations whereas the standalone contractors in the unorganized sector number more than 120,000.
Construction equipment accounts for 21-23 % of the total project cost
As per estimates by Off-Highway research, the sale of construction equipment is expected to reach 84,000 units by 2014, of which infrastructure and real estate sectors will account for 70%. This translates into a CAGR of about 20% over the next five years (2009-2014) in sales of construction
equipment.
About 250 ancillary industries such as cement, steel, brick, timber and building material are dependent on the construction industry. A unit increase in expenditure in this sector has a multiplier effect and the capacity to generate income at much higher growth rates.
The country is expected to become the world's third largest construction market by 2025, adding 11.5 million homes a year to become a US$ 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 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
Present production 137.6 million tonnes.
The demand of milk and milk products in India is projected to increase to 142.9 million tonnes in 2015 and further to 191.3 million tonnes in 2020. The demand will further rise to 231.18 million tonnes in 2035.
The demand projections show that there is scope to increase diary farms at the various scale levels. Large scale diary farms having 200 milk giving animals may be encouraged to increase productivity and quality of milk. Also, setting up advanced diary plants and implementing modern IT systems like internet of things in the entire supply chain including the cattle will take place. Already, some diary plants have used RFID tags attached to animals to monitor their behaviour and inform the animal owners about various steps to be taken.
http://guide-india.blogspot.in/2015/03/dairy-industry-and-activity-vision-2025.html
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
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.
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
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 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
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
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
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
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.
Market size of shipbuilding at present – US$ 5 billion
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
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
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
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 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
$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
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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.
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 2024 - 19.10
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11-October-2018
Roadmap towards achieving a 5 trillion dollar economy by 2025 - Government of India
Press Information Bureau
Government of India
Ministry of Commerce & Industry
11-October-2018
Vision of a USD 5 Trillion Indian Economy
The Working Group tasked to develop a roadmap towards achieving a 5 trillion dollar economy by 2025 has prepared its report and it is being circulated to the stakeholders for further suggestions.The Working Group was constituted by the Department of Industrial Policy and Promotion in the Ministry of Commerce and Industry with participation from government and industry. The Group held extensive and broad-based consultations with stakeholders to better understand the aspirations and the potential.The sectoral sub-groups were also formed to take the task forward.
India is one of the fastest growing major economies and is currently ranked as the world’s sixth largest economy. Projections of growth, over the medium term, remain encouraging and optimistic for India. The underlying strengths are indicative of the potential of India to achieve a USD 5 trillion economy by 2025. The current structure of the economy and the emerging dynamics provide us grounds to target achieving 1 trillion dollar from agriculture and allied activities, 1 trillion from manufacturing and 3 trillion from services.
The Government has several ongoing initiatives across sectors focused on growth. In agriculture the Government is aiming to reorient policy focus from being production-centric to becoming income-centric. The emphasis on incomes provides a broader scope towards achieving the needed expansion of the sector. The proposed Industrial Policy 2018 provides an overarching, sector-agnostic agenda for the enterprises of the future and envisions creating a globally competitive Indian industry that is modern, sustainable and inclusive.
The Champion Services sector initiative is also under way to accelerate the expansion of select service sectors. The Working Group has accounted for these initiatives and encourages a fresh impetus to achieve the target of a five trillion economy.
http://pib.nic.in/newsite/PrintRelease.aspx?relid=184130
2 October 2018
(12 - 13 February 2018)
India's Trillion Dollar Digital Opportunity - Digital India - Report by McKinsey on India
digitalindia.gov.in/writereaddata/files/1.%20Trillion%20Dollar%20Economy.pdf14 May 2018
ET-Accenture Digital Fast Forward 2018
All the panelists felt that $5 trillion GDP target by 2025 was achievable. They felt it is probably underwhelming. Thus the corporate sector is highly positive about the target.
The contribution of Digital to GDP by that time will be $1 trillion. Hence Digital is going to grow in a big way.
New initiatives for $5 T economy soon: Suresh Prabhu
Apr 28, 2018,The commerce ministry has sent a proposal to the Cabinet for investments of Rs. 5,000 crore in 12 champion sectors to push growth.
https://economictimes.indiatimes.com/news/economy/policy/new-initiatives-for-5-t-economy-soon-suresh-prabhu/articleshow/63948663.cms
Aug 22, 2015
Kolkata - Union Railway Minister Suresh Prabhu on Friday said he was optimistic about the Indian economy growing to $20 trillion in size over the next 20 years.
https://www.firstpost.com/business/suresh-prabhu-confident-india-will-be-a-20-trillion-economy-in-20-years-2403304.html
'Manufacturing sector will soon own 20% share of GDP'
http://www.business-standard.com/article/news-ani/manufacturing-sector-will-soon-own-20-share-of-gdp-118042800093_1.html
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
India will be a $5 trillion economy soon
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Why India is on course to become a $5-trillion economy by 2025?
Apr 28, 2018
India is a $2.6-trillion economy.
There are forecasts that it would grow to $5 trillion by 2025. Can India do it?
Considering that its GDP doubled from $1 trillion to $2 trillion during 2007-14, it is certainly possible.
https://timesofindia.indiatimes.com/india/why-india-is-on-course-to-become-a-5-trillion-economy-by-2025/articleshow/63948216.cms
How India can become a $5 trillion economy
AJAY SRIVASTAVA
April 16, 2018
Our perspective must shift from policy to projects
To reach 5T, we need to shift our perspective from policy to projects. Select sectoral initiatives can be converted into 100 projects. Each to be led by a competent leader with proven skills.
https://www.thehindubusinessline.com/opinion/columns/ajay-srivastav/how-india-can-become-a-5-trillion-economy/article23562940.ece
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India Will Be A $5 Tn Eco By 2025: Morgan Stanley
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India Vision 2025 - Discussion
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21 March 2017
India's Consumption will triple to $4 Trillion by 2025.
India to Become Third-Largest Consumer Market Economy by 2025
Consumption will triple to $4 Trillion by 2025. Middle income Householders Will Represent Biggest Share of Spending; Urbanization and More Nuclear and Digital Households Will Also Shape New Spending Patterns
According to a report released today by The Boston Consulting Group’s (BCG) Center for Customer Insight (CCI), The New Indian: The Many Facets of a Changing Consumern nominal year-over-year expenditure growth of 12% in India is more than double the anticipated global rate of 5% and will make India the third-largest consumer market by 2025.
The shape of this growth will be influenced by the following factors:
The high income segments will constitute 40% of all spending by 2025; for the first time, this group will represent the largest consumption segment
Emerging cities (those with populations of less than 1 million) will be the fastest growing and will constitute one-third of total consumer spending by 2025
Three-fourths of all households will be nuclear families
Digital channels will influence 30% to 35% of all retail sales by 2025 and 8% to 10% of retail spending will be online
Among the factors that will shape consumption is India’s unique pattern of urbanization, in which emerging cities are the fastest growing. About 40% of India’s population will be living in urban areas by 2025, and city dwellers will account for more than 60% of consumption. Expenditures in these cities are already rising by nearly 14% a year, while consumer spending in India’s biggest cities is increasing at about 12% a year. Consumers in these cities behave differently from big-city consumers. They have a strong value-for-money orientation, significant local-culture affinity, and a more conservative financial outlook.
The proportion of nuclear households, which has been on the rise during the past two decades, has reached 70% and is projected to increase to 74% by 2025. This ongoing shift is significant to marketers because nuclear families spend 20% to 30% more per capita than joint families.
BCG CCI’s most recent consumer survey in India included 10,000 consumers in 30 locations nationwide and studied consumption in more than 50 categories. The biggest desires of aspirer households used to be to own a house and a car; today, many more of these consumers want to take international vacations. Similarly, affluent households are becoming comfort seekers, and they are willing to pay for it.
In addition, the internet is an increasingly pervasive factor in India’s commerce, and its influence will only expand. Online spending is taking off: in the past three years, the number of online buyers has increased sevenfold to 80 million to 90 million. Digital’s influence on broader consumer spending is significant and growing rapidly. Digitally influenced spending is currently about $45 billion to $50 billion a year, and that figure is projected to increase more than tenfold to $500 billion to $550 billion—and to account for 30% to 35% of all retail sales—by 2025. As a result, omnichannel interaction is more and more important, but its significance varies by category.
Already, a rising number of consumers in all segments are using the internet as their first port of call in framing and driving their purchase decisions. Research found that about 70% of those who have access to the internet go online to make informed purchase decisions.
https://www.bcg.com/d/press/21march2017-new-indian-changing-consumer-149010
https://www.bcg.com/publications/2017/marketing-sales-globalization-new-indian-changing-consumer.aspx
By 2030, India is projected to house the world's largest middle class consumer market surpassing USA and China.
Deloitte Report - Why India Matters?https://www2.deloitte.com/content/dam/Deloitte/uk/Documents/about-deloitte/deloitte-uk-about-india-matters.pdf
29 July 2016
In a meeting of CEOs of Tata group companies on this day, the birthday of Bharat Ratna J.R.D. Tata (29 July). chairman of the group, 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. MSMEs and India Uninc. can contribute equal amount of $3 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; (Large $1.25, Small $0.5)
Services - $ 4 trillion; (Large $2.0, Small $2.0)
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 ZHONGJan 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 - $7 Trillion from 2 Trillion in 2014
https://www.atkearney.com/documents/10192/4408576/Supply+Chain+2025-Trends+and+Implications+for+India.pdf/5a65965e-2378-404e-8829-7664bc1b637cIndia is 3rd Largest Economy in terms of GDP-PPP Valuation (2015)
Unit: Billion, US Dollar
China USA India
GDP-PPP Valuation 18,976 18,125 7,997
Source : International Monetary Fund, World Economic Outlook WEO, April 2015
Industry Visions for 2025
Automobiles - Vision 2025
2.15 Million vehicles produced in 2013-14.
7% of the country’s GDP.
6 Million-plus vehicles to be sold annually, by 2020.
The auto industry produced a total of 2.15 Million vehicles, including passenger vehicles, commercial vehicles, three-wheelers and two-wheelers in 2013-14 as against 2.06 Million in 2012-13, registering a growth of 4.04% in a year.
The total turnover in 2010-11 was USD 58.5 Billion, turnover by 2016 is slated to be USD 145 Billion.
Automotive mission plan, 2006-16:
To emerge as the world’s destination of choice for design and manufacture of automobiles and auto components with output reaching a level of USD 145 Billion, accounting for more than 10% of the GDP and providing additional employment to 25 Million people by 2016.
Automobile Components - Vision 2025
US$ 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 $108 billion the Indian chemical industry accounts for approximately 7% of Indian GDP. The chemicals sector accounts for about 14% in overall index of industrial production (IlP). Share of industry in national exports is around 11% (2011?)
Source Documents
Download them and read them in detail to understand the growth of the sectorhttp://www.petrochemconclave.com/presentation/2016/Mr.SMitra.pdf
http://www.petrochemconclave.com/presentation16.html - Index to presentations
http://ficci.in/spdocument/20441/Knowledge-Paper-chem.pdf
http://planningcommission.gov.in/aboutus/committee/wrkgrp12/wg_chem0203.pdf
http://www.mckinsey.com/global-locations/asia/india/en/latest-thinking
Handbook on India Chemical Industry
https://www.rolandberger.com/media/pdf/Roland_Berger_India_Chem_20101109.pdf
Construction - Vision 2025
Construction industry plays a pivotal role in developing country’s infrastructure and accounts for nearly 45% of the total investment in the Infrastructure. Construction sector is also the secondlargest employer after the agriculture sector.
Construction industry can be broadly classified into two sectors i.e. organized and unorganized. The organized sector includes more than 30,000 organisations whereas the standalone contractors in the unorganized sector number more than 120,000.
Construction equipment accounts for 21-23 % of the total project cost
As per estimates by Off-Highway research, the sale of construction equipment is expected to reach 84,000 units by 2014, of which infrastructure and real estate sectors will account for 70%. This translates into a CAGR of about 20% over the next five years (2009-2014) in sales of construction
equipment.
About 250 ancillary industries such as cement, steel, brick, timber and building material are dependent on the construction industry. A unit increase in expenditure in this sector has a multiplier effect and the capacity to generate income at much higher growth rates.
Real Estate
11.5 million homes a year - US$ 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
Dairy Industry and Activity - Vision 2025
Present production 137.6 million tonnes.
The demand of milk and milk products in India is projected to increase to 142.9 million tonnes in 2015 and further to 191.3 million tonnes in 2020. The demand will further rise to 231.18 million tonnes in 2035.
The demand projections show that there is scope to increase diary farms at the various scale levels. Large scale diary farms having 200 milk giving animals may be encouraged to increase productivity and quality of milk. Also, setting up advanced diary plants and implementing modern IT systems like internet of things in the entire supply chain including the cattle will take place. Already, some diary plants have used RFID tags attached to animals to monitor their behaviour and inform the animal owners about various steps to be taken.
http://guide-india.blogspot.in/2015/03/dairy-industry-and-activity-vision-2025.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 billionMarket size of shipbuilding at present – US$ 5 billion
http://www.mapsofindia.com/my-india/government/indias-fleet-of-flying-dutchman
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
Freight 600 million tonnes
Passengers: 2175 billion Passenger Kilometres
http://guide-india.blogspot.com/2015/06/make-in-india-railway-sector-items.html
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
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
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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-8829-7664bc1b637cNew 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 2024 - 19.10
2018 - 12 November, 16 May 2018, 1 May 2018, 28 January
23 March 2017, 12 March 2017, 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
23 March 2017, 12 March 2017, 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
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