India Market Opportunities

India has the world’s fastest growing democratic economy, with annual GDP growth between 8.5% and 9.6%.   Industry sectors such as telecommunications, retail, aviation and transportation, infrastructure, pharmaceutical and bio-sciences, and animation, to name a few, are all experiencing growth rates that are unheard-of in North America. 

Here are some facts about India today:

• India is the fifth largest economy in the world
• India’s middle class is over 300 million and growing by 25 million each year
• More than 300 million people in India speak English
• India is adding between 7 million and 8 million new mobile phone subscribers each month.
• In mid-2008 the total number of mobile subscribers was 240 million people, or roughly 20% of the population
• In 2007, a new airliner was delivered by Boeing or Airbus to India every other day
• In 2007, India’s top three IT companies hired 25,000 new engineers EACH.
• In Delhi alone, 56 new shopping malls totaling 22.4M sq ft are in development

The TaraSpan Group, in concert with its subsidiary Wesley Clover Communication Solutions (India), has developed a comprehensive suite of services to help you define, establish and accelerate your market entry into India.  To learn more, please visit our Services page.