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Consulting Market Entry India

MARKET ENTRY INDIA

 
  MARKET ENTRY INDIA


Building a successful business in India is an attractive proposition, driven largely by the sheer and staggering size of the market. Markets here are confusing and complex—downright daunting if you’re not familiar with the overshadowing and underlying cultural and social mindsets driving them.

There are, however, many ways in which to establish a business presence in India. The choice of market entry strategy will depend largely on a company’s level of commitment of resources. Each approach offers its own set of advantages and disadvantages.

Here are some interesting facts about the Indian market include:

  • By 2015, 44% of Indians will be under the age of 20
  • GDP growth rate in 2003 is expected to top 7%
  • Middle class segment is approximately 250 million persons, equivalent to the US populations
  • GDP composition for 2002 is as follows:
    o Agriculture (25%)
    o Industry (25%)
    o Services (50%)
  • India produces 3.1 million college graduates a year, but this number is expected to double by 2010.
  • The number of engineering colleges is slated to grow 50%, to nearly 1,600, in four years.
  • India tops the World Bank's list of workers' remittances at $10 billion, which is over 13 per cent of the total.


 

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