Spotlight

The real estate sector in India assumed greater prominence with the liberalisation of the economy, as the consequent increase in business opportunities and labour migration led to rising demand for commercial and housing space. At present, the real estate and construction sectors are playing a crucial role in the overall development of India’s core infrastructure. The real estate industry’s gro...

India's pharmaceutical industry is gaining its position as a global leader. The pharma market in India is expected to touch US$ 74 billion in sales by 2020 from the current US$ 11 billion, according to a PricewaterhouseCooper (PwC) report. India has world renowned capacity in producing low cost, high quality bulk and generic drugs. The share of Indian pharma companies in the total pie of app...

The fast growth of the economy in recent years has placed increasing importance on physical infrastructure such as electricity, railways, roads, ports, airports, irrigation and urban and rural water supply. The Eleventh Plan also emphasises on the importance of investment in infrastructure for achieving a sustainable and inclusive growth of 9 to 10 per cent in gross domestic product (GDP) over ...

The Indian Internet economy is anticipated to touch INR 10.8 trillion (US$ 212.02 billion) by 2016, according to a report titled 'The $4.2 trillion Opportunity: The Internet Economy in G-20', published by the Boston Consulting Group (BCG). The total contribution made by the Indian Internet economy in 2010 to the overall economy was INR 3.2 trillion (US$ 62.82 billion), which represents 4.1 p...

India with the help of its robust policies is expected to achieve a 7.1 per cent growth rate in 2011-12, which is higher than the projection of 6.9 per cent as per the Advance Estimates (AE). The Union Budget to be announced soon could act as the perfect catalyst for continued growth of the country. Union Minister of Finance, Mr. Pranab Mukherjee, in the 2012-2013 Budget is expected to overcome...

The 10th Pravasi Bharatiya Divas (PBD) 2012, held in Jaipur, Rajasthan provided a platform to facilitate the Overseas Indian community with their skills, expertise and financial resources to partner with the Indian Government and Industry and subsequently place India on a higher growth trajectory. The over arching theme of the annual flagship convention organised by the Ministry of Overseas Ind...

Innovation is about thinking and creating solutions with an uncommon perspective, that tend to positively impact the environment, both socially and economically. India has gained a position amongst the top innovator countries for technology-based products and services. The country has recently been performing on a relatively higher scale, and harnessing its innovation potential. India is increa...

In order to increase the focus on sustainable energy development, the Ministry of New and Renewable Energy (MNRE) has been allocated a budgetary provision of Rs 253.06 crore (US$ 56.27 million) for research and development (R&D) for the first four years of the 11th Five Year Plan Significantly, the Government of India will allot Rs 1,500 crore (US$ 332.92 million) to banks and finance comp...

Representing the success story of Indian aviation,  the country is poised to become the fastest growing market in the world for aircraft maintenance, repair and overhaul (MRO) services over the next decade. The MRO spend by airlines in India is US$ 500 million and is expected to grow to US$ 1.5 billion by 2020. Interestingly, Indira Gandhi International (IGI) Airport in Delhi has been rank...

The domestic pharmaceutical sector has outperformed the Sensex in 2010, recording a gain of about 34 per cent, making India an attractive destination for foreign players who have been looking to increase their exposure in one of the fastest growing healthcare markets globally. The size of the Indian drug retail market has crossed US$ 10.42 billion for the 12 months ended November 2010, acc...