DOCSLIB.ORG

Meet the New Indian Consumer

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Meet the New Indian Consumer Meet The New Indian Consumer How consumer behaviour is changing in one of the world’s fastest-growing economies SKOLKOVO Institute for Emerging Market Studies (IEMS) 2018 Ruben VARDANYAN, Impact Investor and Venture Philanthropist «The world has never been as dynamic as it is today: technological disruptions, demographic shifts, economic turbulence, and political unrest bring challenges on an unprecedented scale. Twenty years ago nobody could have imagined that the combined GDP of the top seven emerging markets could exceed that of the G7 countries. These markets offer both a great opportunity and a major challenge for any business. By establishing IEMS we wanted to contribute our views and insights to the dialog of business with policy-makers and NGOs in all emerging markets. We believe that open multi-stakeholder dialog will eventually help businesses and politicians come up with better-informed decisions that make a positive impact and drive change for better.» Karl JOHANSSON, former Managing Partner, EY Russia & CIS, Chairman of the Analytical Credit Agency of Russia (ACRA) «Studying emerging markets from within – that is the idea behind bringing together the research teams in Moscow, Hong Kong, and Hyderabad into the international and interdisciplinary research network. These are the most effective means to deal with the dynamics and complexity of the changing nature of emerging markets. Assisting international businesses better understand emerging markets and operating businesses in emerging markets expand globally – those are the strategic aims of the research initiatives at IEMS.» FOUNDING PARTNERS RESEARCH PARTNERS Authors This report was compiled by the SKOLKOVO IEMS team. Yekaterina Molchanova Dear friends! Head Of Global Strategy Studies We are pleased to present a new report by the You are holding in your hands a report on the Kseniya Sokolova SKOLKOVO Institute for Emerging Market Studies new Indian consumer. As well as studying Analyst (IEMS) on the consumer market in India. changes in consumer behaviour, the report’s authors have looked at the context of the transformations happening in India: economic Olga Lemeshko We are currently living in a time of change when reforms, demographic, social and cultural shifts, Analyst traditional patterns are eroding. The world is economic growth itself and the development of becoming more and more undefined, complex infrastructure and individual industries. and interlinked. Traditional institutions are failing to meet these challenges and often try to ignore them. In this context, society’s expectations of I firmly believe that this work will be of interest business are growing as businesses are capable not only to entrepreneurs considering stepping of changing life for the better. It is unsurprising into the Indian market but to everyone who looks Contributors: that the role of business leaders is becoming at their business in a global context because, increasingly important. Whereas capital was once despite the fact that all markets are different, we the main measure of success, talent is taking can always find shared approaches to studying Alexey Kalinin its place, and global competition is no longer them. Research Director over money and resources but over people. Adaptability, cultural intelligence and global We are very grateful to EY for the long-standing thinking are becoming the essential features of Dr Lydia Kulik cooperation and support they have given the the modern business leader. Head of India Studies, IEMS SKOLKOVO Institute for Emerging Market Studies Research Fellow, Institute of Oriental Studies, (IEMS). As a global company, EY will always be Russian Academy of Sciences Time magazine once noted that global CEOs an important partner for us, helping us to better are India’s most important export. It is true that understand global markets. no other developing economy has been able to provide the world with so many outstanding Ruben Vardanyan heads of corporations, entrepreneurs, deans and professors. Examples include Microsoft, Social Investor and Entrepreneur, Founding Partner of the Moscow School of Management No part of this publication may be reproduced or translated into another PepsiCo, Nokia and Harvard Business School. SKOLKOVO language in any form or by any means, including by photocopying, recording Furthermore, we are witnessing the rapid rise of or using any information storage and retrieval system. Indian companies, such as Infosys and TATA, and Chairman of the Supervisory Board of the they are just the tip of the iceberg. Institute for Emerging Market Studies (IEMS) This publication contains general information and can therefore only be used as a general guide. This work is not a detailed investigation or a professional evaluation. The opinions provided are those of the authors and do not necessarily reflect the position of the Moscow School of Management SKOLKOVO. 2018 Dear colleagues! Dear Friends! Russian business needs new opportunities for For several years now, we have been a strategic We are happy to present to you this new report by The Indian School of Business and Moscow growth. We firmly believe that these opportunities partner of the SKOLKOVO Institute for Emerging the Institute for Emerging Market Studies (IEMS) of School of Management SKOLKOVO share a long- should be sought not only in Russia but on the Market Studies (IEMS), whose mission is to help the Moscow School of Management SKOLKOVO lasting historical connection, where Institutes international market too. Russian business Russian businesses to discover new opportunities on The New Indian Consumer, prepared in for Emerging Markets Studies of both schools, representatives and entrepreneurs do not always in the world’s markets. cooperation with the Indian School of Business. inspired by EY, continue to play a special have a sufficient understanding of the possibilities role. Joint research is one of the key areas of available in foreign markets. Developing cooperation where the two schools will maintain Aleksandr Ivlev India is already one of the largest consumer countries deserve particular attention: here, the their focus, besides development of educational markets in the world, with a growing trend towards situation changes so quickly that only a deep Managing Partner for CIS countries programmes for the Russian and Indian, as well urbanisation and digitisation. The new Indian understanding of the fundamental factors of EY as international, entrepreneurs. We shall look consumer is ready to spend, and this dynamic, market transformation can be used as the basis for forward to continuing our efforts in building vibrant, young and aspiring market is attracting building a long-term strategy for each individual bridges between the business and educational international companies to invest and capture its market. communities of Russia and India, and beyond. potential. This research focuses on analysing what categories of consumers there exist in today’s This report is intended as an introduction to India, their preferences, evolving attitude, lifestyle Rajendra Srivastava India, which has always been seen in Russia and habits. It would help businesses considering Dean as a mysterious, almost fairy-tale-like country. entering the Indian market, fine-tune their Indian School of Business Perhaps, this is now truer than ever, considering strategy towards this fast-changing environment. the significant changes occurring in this enormous The report also serves as an illustration to the economy. One of the key driving forces behind evolution of the world’s major growth market, and this change is the new Indian consumer, who India’s unique experience of economic and social is the focus of this study. We firmly believe that transformation. understanding the new market must begin by trying to understand how consumers live today, and how they want to live tomorrow. Furthermore, according to the EY Growth Barometer, 43% of Indian middle-market businesses are expecting double-digit growth in revenue in 2018. 6 Meet the New Indian Consumer 7 Contents 10 WHY INDIA INDEED? 12 INDIA TODAY 12 A country of contradictions: democracy and castes 14 A country of diversity: the many Indias in one country 16 A country of transformations: from the Middle Ages to the 21st century 18 A country on the rise: large, growing and young 21 FACTORS influencing THE consumer MARKET 21 Urbanisation 24 New consciousness 27 Lifestyle changes 29 CATEGORIES OF consumer IN INDIA 31 Urban middle class 31 Indian beauty 32 Investing in quality of life 34 On the path toward organised retail 35 Young specialists 36 Fast life 37 Always connected 39 The well-off rural population 39 The great wedding 40 The home 41 Kirana country 43 Those in need 44 ‘Micro-approaches’ 45 Jugaad-style innovations 46 Prospects 48 BIBLIOGRAPHY investing in India, it is its neighbour, China, that There are also diametrically opposed assessments is placing the biggest bet on India’s economic and judgments in expert circles on the most growth. In 2017 alone, more than 250 Chinese pressing issues on the Indian agenda, whether it be Why India indeed? companies expressed their readiness to invest the status of women, relations between different in the development of this market [68]. Besides nationalities and regions, the progress of reforms interest in large infrastructure projects, Chinese and international policy (which includes relations companies are actively penetrating the Indian with China), and involvement in international consumer market, especially in the smartphone, associations and alliances. Such a diversity of From a hulking elephant to a roaring lion, the case for several decades. According to data from household appliance and online commerce opinions is facilitated by true freedom of the press image of India’s transformation is still gaining the World Bank, in 2016 India became the seventh segments. as well as by the open political discourse which momentum. The country is actively promoting largest consumer market in the world: the total characterise this democratic country. itself on the international stage, with particular volume of its consumer spending was more than focus on establishing business relations.
Load more

Recommended publications
  • Financial Times , 1993, UK, English
    . Major visits Clinton Stormy weather Economy on the brink . Pages Europe's Business Newspaper WEDNESDAY FEBRUARY 24 1993 Handelsbanken suspends payout after heavy loss Svenska Handelsbanken, Swedish bank, fell to a larger than expected 1992 operating loss of SKr840m (Sl 12m) and suspended the dividend on its ordinary shares after lending losses surged 160 per cent to SKxQbn. The bank made a SKrSLTObn up action to profit in 1991. The deficit, the first In the group's recent history, came after a dramatic deterioration in the bank’s performance in the final four months. Nevertheless, the result is better than that of its main competi- aid tors recovery and the group said prospects for 1993 were brighter. Page 15 Italian PM seeks vote of confidences Italian prime minister Giuliano Amato will seek a vote of confidence of economy later this week to force the four parties coalition By Charles Lsadboater and publicly to support DOWNTURN IN JAPAN * MicMyo Nakamoto In Tokyo him after his weekend cabinet reshuffle. The THE JAPANESE government Page 2 move comes amid and three erf the country’s top worries over waning Japan holds Its breath companies yesterday separately ^ enthusiasm for Mr took steps to respond to the most Bank write-off urged Amato from elements deep-seated economic crisis the Matsushita chief quits within the Christian country has faced since the sec- Democrat and Socialist parties, the two main ond world war. elements of his fragile coalition. The lha fell further P Currencies Page 32 Nissan, one of the world's top on foreign exchanges yesterday.
    [Show full text]
  • Press Release Hi Physix Laboratory India Private Limited
    Press Release Hi Physix Laboratory India Private Limited March 12, 2020 Rating Amount Facilities Rating1 Rating Action (Rs. crore) Long term Bank CARE BB; Stable Reaffirmed 24.11 Facilities (Double B ;Outlook:Stable) 24.11 Total (Rs. Twenty Four crore and Eleven Lakh only) Details of instruments/facilities in Annexure-1 Detailed Rationale & Key Rating Drivers The reaffirmation of the rating assigned to the bank facilities of Hi Physix Laboratory India Private Limited (HPILPL) continue to be constrained by its modest scale of operations with moderate capitalisation, leveraged capital structure with moderate debt coverage indicators and stretched liquidity position. The rating is further constrained on account of project stabilization risk associated with the cap-ex undertaken. The above constraints partially outweigh the comfort derived from the experience and qualification of the promoters, healthy profitability margins, long association with reputed clientele, and presence of HPIPL in a niche segment of testing and calibration. Rating Sensitivities Positive Factors Sustained increase in total operating income by more than 50%. Improvement in capital structure marked by overall gearing below 1.5x Improvement in debt coverage indicators with PBILDT interest coverage of more than 6x. Negative Factors Any un-envisaged large debt funded cap-ex leading to deterioration in capital structure and debt coverage indicators Decline in profitability margins with PBILDT margin lower than 30% Deterioration in liquidity profile of the company Detailed description of the key rating drivers Key Rating Weaknesses Modest scale of operation with moderate capitalization: Despite the growth, scale of operations remain modest at Rs.28.91 crore in FY19 as compared to Rs.11.55 crore in FY18.
    [Show full text]
  • Consumer Durables
    CONSUMER DURABLES For updated information, please visit www.ibef.org July 2017 Table of Content Executive Summary……………….….…….3 Advantage India…………………..….……..4 Market Overview …………………….……..6 Recent Trends and Strategies …………..16 Growth Drivers…………………….............19 Opportunities…….……….......……………24 Case Studies…..……………....……..……28 Industry Associations…….……......……...31 Useful Information……….......…………….33 EXECUTIVE SUMMARY Consumer durables market in India (US$ billion) . India is set to become the fifth largest consumer durables market in the world. 25 CAGR 10.5% 20 . By 2025, India would rise from the 12th to the 5th largest position in 15 the consumer durables market in the world; the market is estimated 10 12.5 20.6 to reach US$ 12.5 billion in 2016. 5 0 FY16 2020F Electronics market in India (US$ billion) . India is one of the largest growing electronics market in the world. 250 CAGR 31.61% 200 . By 2020, the electronics market in India is expected to increase to 150 US$ 28 billion from US$ 100 billion in FY17. The production is 100 228 expected to reach to US$ 104 billion by 2020. 50 100 0 FY17 2020F Television market in India (US$ billion) . India has the world’s third largest television industry. India’s television industry, is expected to grow at a CAGR of 14.7 per cent 15 CAGR 12.97% over FY16-21. 10 . By 2018, the television industry in India is expected to grow to US$ 5 10.22 11.78 11.78 billion from US$ 9.23 billion in 2016., registering a growth of 9.23 12.97 per cent. 0 2016 2017 F 2018 F Notes: : PPP - purchasing power parity, F – Forecast; Televisopn market figures refer to Calendar Year.
    [Show full text]
  • Claudia Tapia, Director IPR Policy at the Ericsson
    DT: a new technological and economic paradigm Dr Claudia Tapia, Director IPR Policy All views expressed in this speech are those of the author and do not necessarily represent the views of Ericsson Ericsson at a glance NETWORKS IT MEDIA INDUSTRIES Create one network for Transform IT to accelerate Delight the TV Connect industries to a million different needs business agility consumer every day accelerate performance Worldwide mobile 42,000 Patents 40% traffic provided by 222,6 B. SEK Net Sales our networks R&D Employees Licensing Countries with 23,700 >100 agreements 180 customers Average p.a. Licensing revenues Employees 5 B. usd in R&D 10 b. Sek 111,000 Page 2 415,000,000,000 Page 3 STANDARDISATION PROCESS Early Technical Unapproved contribution investment (described in R&D in a patent) Adopted by Standard FRAND CONSENSUS in essential commitment standard patent Return on Access to the investment standard Interoperable high performance devices at a FRAND = Fair, Reasonable and Non- reasonable price DiscriminatoryPage 4 (terms and conditions) 4,000,000,000,000 Page 5 3,452,040 Page 6 3G and LTE (3GPP - 1999 – Dec. 2014 ) 262,773 Submitted contributions 43,917 Approved contributions (16,7%) Source: Signals Research Group. The Essentials of IP, from 3G through LTE Release 12, May 2015 Page 7 LTE approved Contributions for 13 WGs (2009 - Q3 2015) –Source: ABI Research COMPANY RANK Ericsson 1 Huawei 2 Nokia Networks 3 Qualcomm 4 ALU 5 ZTE 6 Samsung 7 Anritsu 8 Rohde & Schwarz 9 CATT 10 Page 8 Principles of standardisation CONSENSUS TRANSPARENCY IMPARTIALITY OPENNESS ..
    [Show full text]
  • List of Companies of India A[Edit]
    List of companies of India From Wikipedia, the free encyclopedia This is a list of notable companies based in India. For further information on the types of business entities in this country and their abbreviations, see "Business entities in India". Contents : Top 0–9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z A[edit] Aban Offshore ABG Shipyard ABP Group ACC Limited Action Group Adani Group Aditya Birla Group Ador Powertron Limited Aftek Air Costa Air Odisha Ajanta Group Allahabad Bank Amartex Ambuja Cements Amrutanjan Healthcare Amul Andhra Bank Apollo Hospitals Apollo Tyres Aptech Archies Greetings & Gifts Ltd Arise India Arvind Mills Ashok Leyland Asia Motor Works Asian Paints Avantha Group Axis Bank Ltd B[edit] BagItToday.com Bajaj Auto Balaji Telefilms Balaji Group Ballarpur Industries Limited Bank of Baroda Bank of India Bank of Maharashtra BankBazaar Bharat Aluminium Company Bharat Earth Movers Limited Bharat Electronics Limited Bharat Forge Bharat Heavy Electricals Limited Bharat Petroleum Bharat Sanchar Nigam Limited Bharati Shipyard Bharti Airtel Bhushan Steel Biocon BirlaSoft Bombay Dyeing BPL Group Britannia Industries BTCXIndia C[edit] Cadila Healthcare Café Coffee Day Calcutta Tramways Company Camlin Ltd. Canara Bank Catholic Syrian Bank Cellebrum Technologies Limited CEAT Limited Central Bank of India CESC Cipla City Union Bank Club Mahindra Holidays CMC Limited Coal India Limited Container Corporation of India Coromandel International Corporation Bank Cosmic Circuits CPCL Crest Animation Studios Crompton Greaves Cyient D[edit] Dabur India Limited Damodar Valley Corporation Deccan Charters Delhi Metro Rail Corporation Limited Dena Bank Dish TV DLF Limited Dr.
    [Show full text]
  • Aban Offshore ABG Shipyard ACC Limited Adani Group Aditya Birla
    A . Aban Offshore . Amul[8] . ABG Shipyard . Andhra Bank . ACC Limited . Apollo Hospitals[9] . Adani Group . Apollo Tyres[10] . Aditya Birla Group.[2] . Archies Greetings & Gifts Ltd[11] . Ador Powertron Limited[3] . Aptech . Aftek . Arvind Mills . Air India[4] and subsidiary Air-India Express[5] . Ashok Leyland[12] . Air Sahara[6] . Asia Motor Works . Ajanta Group . Asian Paints[13][14] . Alang Ship Recycling Yard[7] . Axis Bank . Allahabad Bank . Ambuja Cements . Amrutanjan Healthcare [edit]B . Bajaj Auto[15] . Bhushan Steel . Balaji Telefilms[16] . Biocon . Bank of India[15] . BMR Advisors[21] . Bank of Baroda[17] . Bombay Dyeing[22] . Bharat Aluminium Company[18] . BPL group[23] . Bharat Electronics Limited[19] . Ballarpur Industries Limited[24] . Bharat Forge[20] . Bharat Earth Movers Limited . Bharat Heavy Electricals Limited[15] . Britannia Industries[25] . Bharat Petroleum[15] . BirlaSoft . Bharat Sanchar Nigam Limited . Bharati Shipyard . Bharti Airtel [edit]C . Camlin Ltd. Coal India Limited[31] . CMC Limited[26] . Container Corporation of India . Canara Bank[15] . Crest Animation Studios[32] . Cellebrum Technologies Limited[27] . Crompton Greaves . Central Bank of India . Cadila Healthcare[33] . CESC . Coromandel International[34] . CPCL . Catholic Syrian Bank . Cipla[28] . Cosmic Circuits . Club Mahindra Holidays[29] . Covansys India Limited[30] [edit]D . Dabur India Limited[35] . Dr. Reddy's . Damodar Valley Corporation[36] Laboratories[40] . Deccan Aviation Pvt. Ltd.[37][38] is an aviation company that operates Air . DLF Universal Limited Deccan . Directi . Delhi Metro Rail Corporation Limited[39] [edit]E . Educomp Solutions . Essar Group[44] . Eicher Motors[41] . Eureka Forbes . Engineers India Limited[42] . EID Parry . English Indian Clays Limited[43] . Evalueserve[45] . Escorts Group .
    [Show full text]
  • World Bank Document
    Document of The World Bank FOR OFFICIAL USE ONLY Public Disclosure Authorized Report No. 16048 IMPLEMENTATION COMPLETION REPORT Public Disclosure Authorized INDIA EXPORT DEVELOPMENT PROJECT (LOANS 3058-IN and 3059-IN) September 25, 1996 Public Disclosure Authorized Country Operations, Industry & Finance Division Country Department II South Asia Region Public Disclosure Authorized This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosedwithout World Bank authorization. CURRENCY EQUIVALENTS (annual average) Currency unit = Indian rupees (Rs.) 1989-90 $1.00 = Rs. 16.66 Official Rate 1990-91 $1.00 = Rs. 17.95 Official Rate 1991-92 $1.00 = Rs. 24.52 Official Rate 1992-93 $1.00 = Rs. 26.41 Official Rate 1993-94 $1.00 = Rs. 31.36 Unified Rate 1994-95 $1.00 = Rs. 31.40 Unified Rate 1995-96 $1.00 = Rs. 33.46 Unified Rate 1996 (as of March 31, 1996) $1.00 = Rs. 34.45 Unified Rate Note: A dual exchangerate systemwas created in March 1992,with a freemarket for about 60 percentof foreign exchangetransactions at a rate of $1.00 = Rs. 30.65. The exchangerate was reunifiedat the beginningof March 1993 at the free market rate. FISCAL YEAR April 1 to March 31 ABBREVIATIONS AND ACRONYMS BOB: Bank of Baroda DFI: Development Financial Institutions EDF: Export Development Fund EDP: Export Development Project EMF: Export Marketing Fund ERAS: Exchange Risk Administration Scheme ERR: Economic Rate of Return EXIM: The Export Import Bank of India FRR: Financial Rate of Return GOI: Government of India ICICI: Industrial Credit and Investment Corporation of India Ltd.
    [Show full text]
  • Above and Beyond Education CG Exim (Nepal) Pvt
    News September 2011 :: Vol. 12 News Biotech & Ayurveda Fast Moving Consumer Goods CG Biotech Pvt. Ltd. CG Foods (Nepal) Pvt. Ltd. CG Himalayan Springs Water Company Pvt. Ltd. Cement Raybot Springs Mineral Water Pvt. Ltd. CG Cement Industries Pvt. Ltd. Perfect Blends (Nepal) Pvt. Ltd. CG Cement Industries Palpa Pvt. Ltd. Sungold Brewery (Nepal) Pvt. Ltd. CG Packaging Nepal Pvt. Ltd. Above and Beyond Education CG Exim (Nepal) Pvt. Ltd. CG Education Pvt. Ltd. The Chandbagh School Pvt. Ltd. Financial Services CG Manipal Schools Pvt. Ltd. CG Finco Pvt. Ltd. Campion School Pvt. Ltd. United Finance Limited “CG Manipal College Pvt. Ltd. United Insurance Co. (Nepal) Ltd. (Former Campion College Pvt. Ltd.)” Nabil Investment Banking Limited “CG Manipal Academy Pvt. Ltd. (Former Capion Academy Pvt. Ltd.)” Hotels & Resorts CG Manipal Kathmandu Higher Secondary School Pvt. Ltd. Zinc Hospitality (Nepal) Pvt. Ltd. and Beyond Above Pashupati Education Parsa Pvt. Ltd. Hotel Chitwan Pvt. Ltd. CG Polytechnic Pvt. Ltd. Realty Electronics and White Goods ACDPL Pvt. Ltd. CG Electronics Pvt. Ltd. CG Developers Pvt. Ltd. CG Impex Pvt. Ltd. EOL Pvt. Ltd. Retail ISOS Pvt. Ltd. CG Retail Pvt. Ltd. CG Digital Pvt. Ltd. LG Lifestyle Shoppe Pvt. Ltd. CORPORATE OFFICES Chaudhary House Energy and Infrastructure Sanepa-2, Lalitpur, Nepal Independent Power Company (Nepal) Pvt. Ltd. Ph:5-525041,5-521994 CG Energy Infrastructure Pvt. Ltd. E-mail:[email protected] CG Solar Pvt. Ltd. www.chaudharygroup.com http://en.wikipedia.org/wiki/Chaudhary_group http://www.facebook.com/ccgworld http://www.chaudharygroup.com/index.php/blog.html http://twitter.com/#!/ChaudharyGroup September 2011 :: Vol.
    [Show full text]
  • ORIGINAL RESEARCH PAPER A.Abdul Kadhar A.Abdul Raheem*
    PARIPEX - INDIAN JOURNAL OF RESEARCH Volume-7 | Issue-8 | August-2018 | PRINT ISSN No 2250-1991 ORIGINAL RESEARCH PAPER Economics GROWTH AND PERFORMANCE OF CONSUMER KEY WORDS: pelvis, sexual ELECTRONIC INDUSTRY IN INDIA: AN OVERVIEW dimorphism, sciatic tubercle. Ph.D Research Scholar (Full-Time), Department of Economics, The New College A.Abdul Kadhar (Autonomous), Chennai-14 Associate Professor and Research Supervisor, Department of Economics, The New A.Abdul Raheem* College (Autonomous), Chennai-14 *Corresponding Author The Consumer Electronics and Appliances Industry in India are expected to become the fifth largest in the world by 2025. Its projected to grow to US $ 400 billion by 2020 and the production is expected to reach US $ 104 billion by 2016. So far India accounts for only 3.5 per cent of the global Electronic Market which is of about $ 1.8 trillion market size whereas the Indian market counts for $ 65 billion approximately. The overall Indian Electronics Industry is projected to grow up to US $ 400 billion in 2022 at a rate of 24.4 per cent due to a better performance of economy in total. GDP of India grew more than 7 per cent in 2015, reasons are to be found for example in higher disposable incomes for middle-class Indians. Demand of electronic products in India is expected to grow at a CAGR (compound annual growth rate) of 41 per cent during 2017-2020 to reach $400 billion by 2020; the domestic production which is currently growing at a CAGR of 27 per cent may touch $104 billion leaving a huge gap for import to the extent of $300 billion.
    [Show full text]
  • Consumer Durables
    CONSUMER DURABLES APRIL 2017 (As of 7 April 2017) For updated information, please visit www.ibef.org 1 CONSUMER DURABLES ❖ Executive Summary………………...………..3 ❖ Advantage India…………………………….…4 ❖ Market Overview and Trends……..….……..6 ❖ Porters Five Forces Analysis …………......17 ❖ Strategies Adopted………………….….…..19 ❖ Growth Drivers………………………...….... 21 ❖ Opportunities………………………….….... 28 ❖ Success Stories……………………………. 34 ❖ Useful Information…………………….........40 APRIL 2017 For updated information, please visit www.ibef.org 2 CONSUMER DURABLES EXECUTIVE SUMMARY By 2025, India would rise from CAGR: 10.5% the 12th to the 5th largest India is set to become the 5th 20.6 position in the consumer largest consumer durables 12.5 durables market in the world; market in the world. the market is estimated to reach USD12.5 billion in 2016. FY16E USD billion FY20⁽¹⁾ 400 By 2020, the electronics market CAGR: 33.5% in India is expected to increase India is one of the largest to USD400 billion from growing electronics market in USD94.2 billion in 2015. The the world. 94.2 production is expected to reach to USD104 billion by 2020. 2015 2020F USD billion CAGR: 12.1% 14.7 By 2018, the television industry India has the world’s 3rd largest in India is expected to grow to television industry. 8.3 8.9 USD14.7 billion from USD8.9 billion in 2015. FY14 FY15 FY18E Source: Makeinindia, DeitY, TechSci Research Notes: PPP - purchasing power parity, E – Estimate USD billion Note (1) -Estimated APRIL 2017 For updated information, please visit www.ibef.org 3 CONSUMER DURABLES ADVANTAGE
    [Show full text]
  • Press Release Hi Physix Laboratory India Private Limited
    Press Release Hi Physix Laboratory India Private Limited April 01, 2021 Rating Amount Facilities/Instruments Ratings Rating Action (Rs. crore) CARE BB; Stable; Rating moved to ISSUER Long Term Bank ISSUER NOT COOPERATING* 24.11 NOT COOPERATING Facilities (Double B; Outlook: Stable category ISSUER NOT COOPERATING*) 24.11 Total Bank Facilities (Rs. Twenty-Four Crore and Eleven Lakhs Only) Details of instruments/facilities in Annexure-1 Detailed Rationale & Key Rating Drivers CARE has been seeking information from Hi Physix Laboratory India Private Limited (HPLPL)to monitor the rating vide e- mail communications dated September 25,2020, October 28,2020, December 31,2020, January 04,2021, February 03,2021, February 25,2021, March 26,2021 and numerous phone calls. However, despite our repeated requests the company has not provided the requisite information for monitoring the rating. In line with the extant SEBI guidelines, CARE has reviewed the rating on the basis of the best available information which however, in CARE’s opinion is not sufficient to arrive at a fair rating. The rating on HPLPL bank facilities will now be CARE BB; Stable/CAREA4; ISSUER NOT COOPERATING* Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above ratings. The rating assigned to the bank facilities of HPILPL continues to takes into account modest scale of operations with moderate capitalisation, moderate capital structure with moderate debt coverage indicators and stretched liquidity position. The rating is further constrained on account of project stabilization risk associated with the cap-ex undertaken. The above constraints partially outweigh the comfort derived from the experience and qualification of the promoters, healthy profitability margins, long association with reputed clientele, and presence of HPIPL in a niche segment of testing and calibration.
    [Show full text]
  • Hospital to the World
    07 GUEST COLUMN India’s medical tourism edge by Bhavdeep Singh, Fortis Healthcare 22 INTERVIEW Make in India has opened doors for companies Alok Shrivastava, Gionee India 62 STATE FOCUS Investing in Andhra a win-win by Chandrababu Naidu, Chief Minister 38 CSR FOCUS Prince Charles backs new education bond for India Hospital to the World Published by November 2017 EDITOR’S NOTE he last few weeks have brought some cheer for those Ttracking the investment climate in India. Credit rating firm Moody’s upgraded India’s sovereign India Investment Journal is published rating by one notch, a move seen as a clear endorsement of by India Inc. the economic reform agenda underway in the country. A key plank of this agenda has been the ambition to improve the ease of doing business in the country, which also received a major boost with India moving into the top 100 in the World TEAM Bank’s ‘Doing Business 2018: Reforming to Create Jobs’ Chief Executive report. This marked a convincing jump of 30 spots from last year’s rank of 130th to this year’s 100th. The report notes that Manoj Ladwa India has adopted 37 reforms since 2003 and nearly half of [email protected] these reforms have been implemented in the last four years. There was more good news in store as the country moved Editor up in the International Monetary Fund (IMF) GDP per capita index. India saw its per capita GDP rise to $7,170 in 2017, Aditi Khanna up from $6,690 in 2016, improving its rank by one position to [email protected] 126th.
    [Show full text]