India Market Opportunity

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 10 million and 12 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

TaraSpan, 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.