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India will be World’s 3rd largest
Economy by 2020
Indian companies spent $61.3
billion buying 631 assets
overseas for 2005 - 2009
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Widening Prosperity
Fiscal 2009 GDP growth 7.2% . Doubled since 1991. 2011-12 forecast 9%.
8.9% for Q3/2010
India placed 3rd in the world for the number of billionaires,
58 after the USA and China in the Forbes list.
Of 10 Richest people in world – 4 are Indian and they are all self made
entrepreneurs
Combined wealth of India's 100 richest people $276bn in 2008
126,700 HNIs in 2009 up 50% from 2008
400 out of the Fortune 500 companies are investing in India
A middle class of 400 mil
Largest population of qualified professionals in the world
Over US$ 500 billion capex and infrastructure spending till 2012
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2010 Rebound after Slowdown in 2009
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Unique challenges , too
A very large, vibrant & diversified country, diverse culture & customs
All the usual excitements and challenges of a developing economy
Expectations to perform are high
Extremely price sensitive and competitive market
Most entrepreneurs and executives are very highly educated
Strong western educated business management in leading companies
Significant political interference because of a vibrant democracy and local interests
A constant negotiation between strongly held traditional values and emerging modern
business practices
A culture of family run businesses that weight business values different from professional
companies.
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Formulae for Success
There is no short cut to success in India: Get Involved for the long term,
demonstrate commitment, invest in stakeholder issues, research, be local,
understand culture of family ties and networks, learn to deal with bureaucracy
and politicians.
Take time to understand specific complexities of business & culture in various
regions.
Long term vision & local presence or local partnership view is a must – on
business & personal level.
Build relationships. Most Indians tend to deal with those they know and
trust
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Now You Know the Potential
We update this presentation regularly. This is February 2010 version. For latest version,
please write to us.
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