Saturday, January 19, 2019
News
NEWS HOME
»
PRN INDIA
The Indian IT Services and Infrastructure Sectors to Lead India’s Journey to Become a $10 Trillion Economy by 2030: IEBF Report
  SocialTwist Tell-a-Friend  
   

NEW DELHI, November 3, 2018 /PRNewswire/ --

  • Renewable Energy and India's Entrepreneurial Mindset to also make a significant impact on India's GDP growth in the coming decade

The Indo- European Business Forum (IEBF) today unveiled its report titled 'Moving Towards a $10 trillion Economy: India 2030', at the 'Global Investment Conclave on Investment Opportunities in New India' in the UK's House of Lords, London.

The updated figures released by the World Bank for the year 2017 places India as the sixth largest economy of the world, surpassing global giant France. India is well poised to surpass Japan, Germany, Britain, and France to become the third largest economy by 2030. India is already moving towards its goal with a 23 point jump in the World Bank's 'Ease of Doing Business' index.

The Report examines in detail, the landscape of major sectors such Information Technology,  Entrepreneurship, Infrastructure, Education, Energy and MSME, that have been significant contributors to India's economic growth. The report highlights a wide ranging view on the current state of the aforementioned sectors in India, highlighting their performance in the past few years, the scenario pertaining to exports, strategies  and policies that have fuelled economic growth in the past. The report also captures the various government initiatives and lastly, sector growth expectations.

Mr. Sunil Kumar Gupta, India leader, Indo European Business Forum (IEBF), said, "Today India represents a land of infinite opportunities. Its  young demographic profile combined with its strong industrial base, rapid digitisation, growing infrastructure, resilient startup ecosystem and clear growth vision from the Government, offers India a significant competitive advantage vis-Ă -vis other developing economies. Initiatives like 'Make in India' and 'Digital India' have contributed immensely to the growth of both the private and public sectors."

He further added, "The Global investors today realize the potential of India as the next big market. There is keen interest to invest across sectors in India. With IEBF, it is our aim to create a dialogue to educate the global audience about what India has to offer and encourage investment from the European Union into India."

Sector Highlights from the Report

  1. Information Technology (IT)
    • IT services exports are projected to add $10 billion during the fiscal year, to touch $ 126 billion.
    • The industry is expected to grow to $ 350 billion by 2025 and BPM is expected to account for $ 50-55 billion out of the total revenue.
    • The Industry currently contributes 7% share in GDP
    • Indian e-commerce sector is also expected to go US$ 200 billion by 2026 from US$ 38.5 billion as of 2017
    • Accounting for 67% of global outsourcing market, India shall remain the top nation in terms of providing both on-shore and off -shore IT services across the globe generating massive employment opportunities.
    •  The quality and cost of services shall be the two most important factors making India the IT powerhouse in the global IT services market.
  1. Infrastructure
    • A rapidly growing economy, increasing urbanisation,   and a government dedicated to bolstering the   infrastructure of the nation-
    • The sector currently employs 44   million people and contributes 9% to India's GDP.  
    • India needs about $ 1.5 trillion investment in the   infrastructure sector in the next 10 years. India will   be required to spend $ 454.8 billion on infrastructure   development over the period of five years (2015-   2020) with 70% of funds needed for roads and urban   infrastructure segments.
    • India is expected to become the 3rd largest construction market globally by 2022 and CAGR of 15.7% expected to reach $738.55 bn by 2022
    • The real estate sector is estimated to grow to $ 650 billion by 2025 and surpass $ 850 billion by 2028 to touch $ 1 trillion by 2030.
  1. Renewable Energy

The Government is also committed to Clean Energy and is driving efforts to achieve 40% power installed capacity from non-fossil-fuel-based energy resources and reducing emissions by33-35% of its GDP by 2030.

-The share of coal in the energy mix projected to fall to 50% by 2040, while the share of renewables rises significantly. Renewables will overtake gas and then oil by 2020 as the second largest source of energy production.

  • The 4th largest installed capacity of wind power in the world, The 6th largest installed capacity of solar power and 70 GW installed renewable energy capacity (as of July 2018) and 34 new solar parks of capacity 20,000 MW sanctioned
  • 60 solar cities approved and $1.3 billion allocated for setting up 50 solar parks of 40 GW by 2020
  1. Entrepreneurship
    • The startup ecosystem in India is seeing an all time high with more new entrepreneurs entering the system, budding angel investors, variety of Incubators & Accelerators and venture capital firms, both domestic and global, betting on India's 10 trillion dollar market.
  • Financial year 2017 saw an investment of $ 13.7 billion across 820 deals. The first quarter of 2018 has seen investment worth $ 2.2 billion. According to Niti Ayog, India is expected to have about 1 lakh startups by 2026 with an investment of approximately $ 400-$ 500 billion.

About Indo European Business Forum (IEBF)

Established in 2007, the IEBF is an independent and impartial body actively promoting two way flows of trade and investment between India and the EU member countries. Its aim is to encourage, nurture and promote bilateral business, mutual understanding and friendly relationship between industrial, service, and business communities of India and Europe. The members comprise leading business personalities and professionals who have contributed a great deal to the development of India and Europe. The forum acts as a facilitator between EU and Indian businesses and provides quality and superior services to its members enabling their business to strengthen and flourish. IEBF has taken a big step forward in the direction of achieving its mission by opening a chapter in India. IEBF India would further synergize the efforts of the UK office in order to take its activities to even greater heights.

Indo European Business forum is an open forum comprising like-minded people who believe that "India can offer strong and sustained business opportunities for European Union countries". IEBF is patronized by leading personalities from both India and EU having excellence in the field of business, finance, real estate and art, to name a few. Our advisory board consists of people who are determined to create a progressive world.

Media Contact : Nupam Billa, nupam.billa@edelman.com , 0124 413 1400, Edelman India

More News by PR Newswire India

ICMEI Will Promote Business With Bosnia and Herzegovina

Qatar Science & Technology Park Awards Young 'Techpreneurs' at Finale of the Arab Innovation Academy

Cision® PR Newswire® Distribution Completes SOC 2 Type II Report

3 Ways to Build Digital Trust in the Age of Normalized Data Breaches

Young Living Essential Oils Welcomes Wayne Moorehead as Executive Vice President of Marketing

EB-5 Program During Government Shutdown: Facts Investors Need to Know

DeepBlue Technology Hits The Urban Roadway With The Debut Of The "Smart Panda Bus"

AutoGrid Secures Additional Funding to Accelerate Deployment of World's Largest Artificial Intelligence-Powered Flexible Energy Resources Network

Cathay Pacific inaugurates new community engagement programmes

ICoFP, an Approved Prep Provider, Launches Online Training for Level I & II of the CFA® Program by CFA Institute, USA

4th Edition of 'India Steel 2019' Expo to be Held on January 22-24 in Mumbai

Dell Launches India's First PolicyHack for Teachers

WPP India's CSR Foundation Wins a Special Commendation at the Golden Peacock Awards for CSR

Global B-school Powerhouses Offer Dual Degree Program in Business Analytics

Ford and Volkswagen Alliance Aims for a Win-Win in Commercial Vans and Medium Pickup Trucks Arena

Healthcare Fintech Platform 'AffordPlan' Registers Annual Growth of 300 Percent in Maternity Patient Base

Manjula Nair, a Leading Marketer all set to Bring Affordable and Effective Marketing Solutions for Individuals and Organisations

NIIT Technologies Q3FY2019 PAT up 32.6% YoY

Lavelle Networks Named a 'Cool Vendor' by Gartner

India and Mongolia Sign a Powerful MoU at ICMEI

AAITF will take place in Shenzhen, China in February 2019

Metropolitan Stock Exchange of India Ltd (MSE) Launches First of its Kind 'Transaction Charge Package' (TCP) Structure for its Trading Members

Arkema Announces Fluoropolymers Price Increase in Asia Pacific

Demonstration of Emergency Vehicle Priority System Using Japanese Originated International Standard V2X Communication Technology Undertaken in Ahmedabad

Lear Accelerates the Pace of Innovation with the Launch of Lear Innovation Ventures (LIV) Possibilities

Indian Hospitality Sector Moves to High Growth Trajectory; Investment Flow in the Sector is Projected at USD 2.8 Billion During 2018-2022 - A Report by Meraqi

PharmaHopers Explains How to Earn Profit in Pharma Franchise Business

China Unicom and ZTE Complete the World's First 5G Call with ZTE's 5G Prototype Smartphone

Corteva Agriscience™, Agriculture Division of DowDuPont, Announces Enlist E3™ Soybean and Qrome® Corn Commercial Launches

Frost & Sullivan's Webinar Explores Growth Opportunities Resulting from Emerging Insurance Trends

ABI Research's New Industrial Solution Guides Manufacturers Through Digital Transformation for Long-Term Profitability

Enterprise Holdings Announces Intent to Acquire Travel Technology Innovator Deem

Pharmerit Expands Market Access Support in Asia

Cloud-based Contact Centers Choose CCSPs Using Next-generation Technologies

IBM & Vodafone Business Join Forces to Drive Innovation in Rapidly Changing World

Although Employees are Key to Business Performance, Most Organizations Still Struggle to Build an Engaged Workforce

Cell Therapy Market to Grow Beyond Oncology As Big Pharma Expands Investments

Neymar and Tuchel Win First Paris Saint-Germain Camel Race

Schneider Electric Recognised by Catalyst for Advancing Gender Equality and Inclusion

Ignite Strategic Growth through Intelligent Risk-taking and Innovation Portfolio Management

Over 700 Delegates From 500 Schools Participate in World's Largest Education Conference & Award Show in Dubai

Johnson & Johnson Completes Acquisition of Ci:z Holdings Co., Ltd.

Mintegral launches a new ad exchange focused on programmatic buying of APAC traffic

HONOR Sees Strong Growth Amid Global Industry Decline

Huawei Earns Acclaim from Frost & Sullivan for Enhancing Visibility into Network Sites with its Green Energy Solution

UiPath Rolls out Academic Alliance Program in India, Commits to Training 500,000 Students by 2022

Future Finance Expands Dublin and London Offices

Countdown Begins for the World's Biggest Culinary Show - International Young Chef Olympiad

Data Security Concerns in Smart Devices to Boost Biometrics Market in Asia-Pacific, reports Frost & Sullivan

Datamatics TruBot Wins the CIO CHOICE 2019 Recognition for Robotic Process Automation

Catalyst Announces 2019 Award Winners: Bank of America, Deutsche Post DHL Group, Eli Lilly and Company, and Schneider Electric Honored for Accelerating Progress for Women in the Workplace

Reference Customers are Very Satisfied With Torry Harris, Says Independent Research Firm

BizzSecure Launches EAID Solution

Indian 3D Printing Network Organised 'Inside 3D Printing Expo' in Mumbai

Leading Global CRO/CDMO AMRI Commits to 5-year Agreement for SciFinder from CAS to Enable Efficient Research and Client Success

New Frontier Group, industry leader in Cost Containment and Assistance Solutions, announces the arrival of its newest management team member to its rapidly expanding company

H.B. Fuller Reports Fourth Quarter and Fiscal Year 2018 Results

Tetra Pak to Offer New Levels of Customisation and Flexibility With Digital Printing Technology

Agile Alliance to Host Agile India 2019

The Bright Ideas Visionaries Should Have Learned at CES 2019

Robot Factory Presents PingPong -- A new paradigm of easy, fun, affordable and super-extensible robot platform

Zero Liquid Discharge Systems Increasingly Incorporate Artificial Intelligence to Improve Energy Efficiency

LONGi Solar sets new bifacial mono-PERC solar cell world record at 24.06 percent

Applied Spectral Imaging (ASI) reveals advanced FISH solutions that deliver ultra-fast imaging analysis

DocAuto Announces Release of WorkSpace Manager 2.1

Toppan Vintage Launches 'Toppan Merrill' Brand

Siklu Appoints New Global Vice President of R&D

Tabletop Audio Conferencing Endpoints to Expand Substantially with the Rise of Huddle Rooms by 2024

Alliance Ventures Invests in Tekion, the Next-Gen Digital Cloud Platform for Automotive Retail

Xi'an Hosts Belt and Road International Fashion Week to Promote Cultural Exchange

Vakrangee Limited Launches 3,300+ NextGen Vakrangee Kendras Across India

Aireon Announces US$200 Million Credit Facility with Deutsche Bank

Funds Advised by Apax Partners Invest USD 200 Million in Fractal Analytics

LyondellBasell takes leadership role in global effort to end plastic waste

Zaggle Launches Expense Management Solution

UNSW Among Top Australian Universities for High Salaries

Mainstream Renewable Power Secures €90 Million Trade Finance Facility

Malaysian Automotive Market Recovers to reach 609,700 units in 2019, notes Frost & Sullivan

Lavelle Networks Wins CIO Choice Award for SD-WAN

ICMEI Announced Launching of Comoros Cultural Forum

Acharya Dental Bags Outstanding Dentist of the Year Award

ZTE and Heavy Reading Jointly Release 5G Transport White Paper on the Innovative FlexE Channel Technology

Isotropic Systems Raises $14 Million in Series A Funding Led by Boeing HorizonX Ventures to Advance Space-Based Connectivity

Sushi Saito (Tokyo) Today Announced as Top Japanese Restaurant in Opinionated About Dining's First Dedicated Top 100+ Japanese Restaurants List

SLI Systems Acquired by ESW Capital

Qatar Tour 2019: An Action-Packed First Day in Doha for Paris Saint-Germain

Announcing New Name and Brand: Research Now SSI is Now Dynata

ClipperData LLC Releases GeopoliticOIL, A New Weekly Publication Analyzing Politics, Policy And Trends Impacting The Global Energy Market

QNB Group: Financial Results for the Year Ended 31 December 2018

Walgreens Boots Alliance and Microsoft establish strategic partnership to transform health care delivery

Blume Global Recognized in Gartner Market Guide for Real-Time Visibility Providers

Forward3D And PMX Agency Unite To Form Global Brand Performance Agency, ForwardPMX, Creating New Resources At The Stagwell Group

DuPont Water Solutions Announces Global Price Increase for Ion Exchange and Reverse Osmosis Products

NCCN Guidelines Raise Standards for Cancer Care Worldwide by Exceeding 10 Million Downloads in 2018 -- Up 26% Over 2017

KnowBe4 Commended by Frost & Sullivan for Helping Enterprises Thwart Phishing Attacks with its Cybersecurity Awareness Training and Simulated Phishing Platform

Servato Earns Recognition from Frost & Sullivan for its End-to-End Line of Active Battery Management Products

GAC Motor Unveils Concept Car ENTRANZE at NAIAS 2019

RFID Companies Innovate to Harness the Growth Opportunities Generated by Manufacturing 4.0

WeDo Technologies to Provide Revenue Assurance and Fraud Management Software to Cable & Wireless Communications

Overbond solves for SEC N-PORT regulatory requirement with new bond pricing and liquidity risk management automation

Makeblock Launches the Neuron Artist Kit

Big Data Analytics, AI and mHealth Take Patient Engagement to the Next Level

Mohamed bin Zayed Honours Winners of Zayed Sustainability Prize 2019

Worldpay, Inc.: mCommerce to overtake desktop sales by 2020

ANMI Seeks SRO Status, a Greater say in Policy Making for the Broking Industry

Egencia Reveals 2019 Top 100 Preferred Corporate Hotels

Schneider Electric Celebrates 50 Years of Modicon

Unsold Inventory Hits Two-year Low in Q4 2018 - ANAROCK

Ferns N Petals' Venues Reaches New Heights With More Than 500 Events in 2018

Opening on the Island of the Gods: The Apurva Kempinski Bali

U.S. News & World Report Names Embry-Riddle Aeronautical University the Top U.S. Online Undergraduate Educator

Celebrating Andhrapreneurship at StartAP Amaravati on 18 and 19 January

Pious Ayurveda by Shaleen Pharmaceuticals Announces First-of-its-kind of Innovative Products 'Pious Elements'

India's Biggest EdTech Gathering - 1000+ EdTech Stakeholders to Connect, Share & Discuss the Future of Education Technology

Khel Group Announces the Launch of KhelChamps

Xoriant Signs MoU With VIT to Develop Center of Excellence on Next-gen Technologies Like AI, ML, Data Science and Deep Learning for Department of IT, VIT

Spin Master and Alpha Group Resolve Patent Disputes Relating to Award-Winning Bakugan® Toy

ETS to Launch Redesigned 4-Skills TOEIC Bridge® Tests

Modernisation and Procurement Opportunities in the Global Combat Aircraft Market to Exceed $101 Billion by 2026

Anthony Ritossa's World's Largest and Most Influential Gathering of Family Wealth at the Invitation-Only 8th Global Family Office Investment Summit to be Hosted in Dubai March 2-4, 2019

STRATACACHE Announces New Immersive Virtual Retail Experience Powered by NVIDIA Holodeck

Avon launches two-hour delivery service in Brazil

EASYFAIRS NORTHERAL to Organize the Largest Safety & Security Event in Africa

Shell Lubricants Partners With Mahindra

GCR Declares India as Home-Market for GCR's Global Business Strategy

Innoviti Accelerates POS Adoption in Small Towns With India's First 'Same Day, Every Day' Fund Transfer Feature

Multi-Currency Exchange BTSE to launch Futures Trading

Leading Global Supplier Enters Fast Growing Market for E-three Wheelers

BOI Approves 2 Special Measures to Promote Rail and Tourism Industries in Thailand

Tejas Networks Establishes a Telecom Center of Excellence in Collaboration With Government of Kerala

thyssenkrupp TWIN Elevators Take People to the Top in Stunning New Hekla Tower, Making the Next Paris Landmark Even More Special

Ozone Group Announces the Launch of WF48 on Mahadevapura Road, Opposite to VR Bengaluru and Phoenix Marketcity, Bengaluru

TEXPROCIL Congratulates Ministry of Textiles for Significant Achievements in the Past 4.5 Years

HighJump Digitally Transforms Retail with Supply Chain of the Future at NRF 2019

A New Era of Global Aircraft Surveillance is on the Horizon as Aireon Completes System Deployment

Online Painting Competition Evokes a Huge Response, Last Date Extended Announces Kerala Tourism

Smiles Galore at the Pune Airport, When Phoenix Marketcity, Pune Turned the Conveyor Belt into a New Year Surprise

Incedo Expands Executive Leadership Team to Accelerate Incedo's Growth Momentum

Rockwood Capital adds Tara McCann and Injong Kim to Capital and Client Strategies Team

MSI Unveils All New GS75 Stealth and Full Gaming Laptop Lineup With the Latest NVIDIA® GeForce RTX™ Graphics

Indo Sudan Cultural Forum Moves Further at ICMEI

Olympiad 2018 Stage-1 Result: 136 Students of Resonance Qualified for the Indian National Olympiad (INO 2019)

AWAK Technologies Wearable Peritoneal Dialysis Device Granted Breakthrough Device Designation by the US FDA

SRKKF and IIMA Invite Prof. Partha Dasgupta to Deliver Lecture on 'Human Well-Being and Economic Accounting'

Huawei Announces Exciting Telecom and Bundle Offers With Huawei Y9 2019

Cake Icing Competition in Festive Session Organised by Guru Nanak Institute Of Hotel Management

City University of Hong Kong Bringing Blockchain Brains Together at the Inaugural Symposium on Blockchain Technology and Applications

Stream TV Unveils 8K "Lite" Glasses-Free 3D 27" PC Monitor At CES 2019

Union Institute & University Goes International

AirFuel Alliance Members Showcase Next-Generation Wireless Power Product Innovations at CES 2019

Huion exhibits Kamvas Pro pen displays at CES Las Vegas 2019

MicroStrategy 2019, the World's Most Advanced Analytics & Mobility Platform, Powers Decisions for Every Moment of the Day

Firmenich Joins RE100 and Reaches 100% Renewable Power Across Its European and US Manufacturing Sites

Mpower to Host 4th Edition of ABHI Ride to Mpower, a Cycle Ride to Create Awareness About Mental Health

The Smarten Advanced Analytics Team Will Participate in the Vibrant Global Summit, Jan 18-22, 2019

Heller's Innovation-driven Growth in the SMT Reflow Soldering Equipment Market Applauded by Frost & Sullivan

Cyril Amarchand Mangaldas Advises HDFC Bank on Issuance of NCDs by Aqua Space Developers

OPPO Sponsors Tencent Games and PUBG Corp's 'OPPO PUBG MOBILE Series 2019'

JKLU Launches Institute of Design: Creating a New Paradigm in Design Education

REC Group Introduces New Industry-topping Solar Panel Warranty

Thailand's Board of Investment Recorded Investment Applications with a Value of Over 900 Billion Baht in 2018, 25% Above Last Year's Target

SKYWORTH Wins 4 Awards at CES 2019

LOTS Wholesale Solutions Expands Footprint With its Third Store in India

Team Satyam Batch Nail CAT 2018 Yet Again

Thadomal Shahani Centre For Management Surpasses Leading Institutes for Offering Global Business Courses

Clarivate Analytics Joins Accenture's Life Sciences Ecosystem to Help Accelerate Innovation in Drug Discovery and Scientific Research

Cyient Positioned as an "Established and Expansive" Player in Zinnov Zones' ER&D Services Report for 2018

Hiranandani Opens its Door to the Middle East With Bayroute's Latest Outlet

2019 NAIAS Debut: ENTRANZE to the Future Mobility

The Rising 2019: India's Largest Gathering of Women Data Scientists Gives a Voice to Women in Tech

HopOn India Launches Tours of Delhi; to Participate in SATTE 2019

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
Odisha Government hikes old-age pension...
Northeast burning because of Citizenship...
Ladakh avalanche: Two more bodies recove...
NTA declares results of JEE (Main) exami...
Money laundering: Delhi court extends in...
BJP should prepare for culture of misusi...
More...    
 
 Top Stories
66 killed in Mexico pipeline blast ... 
Himachal to hold global investor su... 
TN to set up Rs 250 cr fund to assi... 
Nikita Dutta puts on running shoes ... 
HDFC Bank's Q3 net profit up 20%... 
Anti-BJP parties to take EVM issue ... 
Being bilingual may not benefit you... 
Abhinav wraps up shooting for Ekta ...