Investment and Business Opportunities in new India
Laxmi Awasthi

There are a very large number of parameters, that have emerged, which make India a very attractive destination for investment. It is now very well established that India is one of the few economies, which is growing very rapidly. At macro level (i) GDP growth rate is very close to 10%(ii) the economic reforms process initiated is irreversible (iii) there is reduction in external debt as percentage of GDP and (iv) strong inflow of FDI.
At micro level there are a large number of areas in which an impressive growth has been registered, these areas have emerged as strengths, which provide needed support to the business and investment climate, a positive climate- change.

India’s huge population is an asset

India’s huge population is not a liability but it is an asset. The number of Indians in the age group 15-60 is likely to peak over the next decade. On this account India will be one of the few major economies in the world that will be have a strong, youthful working population.

Strong Manufacturing Sector

Till only recently, it was felt that India had no strengths in the manufacturing sector. Organization after organization have made huge investments in this sector and results are visible. Post independence manufacturing sector took-off mainly with European, USSR (earlier) and Japanese collaborations. It was predominantly conversion of raw materials and components into finished goods. Over the years this process has reinvented itself. Trade unions are positive and have changed their approach from confrontation to objective and productive cooperation. A huge work force of qualified, trained and skilled is available to match needs of any sector.

Exports and Imports of India

India is exporting goods and services in many sectors namely Power, Auto, textiles, Iron and steel, telecommunication, processed food, gems and jewellery, to name a few.

India is becoming a KPO hub

India with a pool of highly skilled professionals is emerging slowly but surely as a global knowledge process outsourcing (KPO) hub. KPO means outsourcing of high-end task and processes to specialized service providers. This strength can be taken advantage of.

Qualified Professionals in India

India produces every year a few hundred thousands of graduate engineers, diploma holders and trained workmen from engineering colleges, polytechnics, and industrial training institutes. On the top of it a few thousand graduates from IITs and IIMs (Indian Institutes of technology and Indian Institutes of management) are available whose knowledge base is of international standards.

Other Potentials Areas of Opportunity

Biotechnology sector though in its infancy has a very high potential and scope for investments The current turnover of Bio tech companies is around $1.5billion.

Mobile Subscriber base of India as on September end 2006 stood at 130 million, and with the current growth trends 500 million is not far off. Internet and allied areas are yet other areas, which are poised for high growth.

Aviation, Tourism, Health care, Media and many more areas are looking up for growth.

In addition to above India is a large and strong Democracy and has a sound Judicial system which provides necessary confidence for any investor and strength to business environment
To conclude today’s post independence India is youthful, full of energy, mentally confident, moving forward from strength to strength, stepping into the international arena with ambitious plans and a sense of pride..

There are unlimited opportunities for investment and fruitful business in today’s India. Never before could India offer so many advantages and so good a business climate and strong economic environment.

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