Friday, April 26, 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

RenewX 2019 Gets Underway Today to Accelerate the Growth of the South Indian Renewable Energy Market

ZEISS Launches First Dual-Speed Swept-Source OCT/OCTA at the Association for Research in Vision and Ophthalmology (ARVO) Annual Meeting

IMA Releases New Report on Managerial Costing Models

FE Credit Cards Redefines Customer Loyalty With Vietnam's First Ever Rewards Platform That Provides An Unprecedented 10x Benefit On All Daily Spends

International Hospitality Day Celebrated on 24 April Across 9 Cities in India

Yara and IBM join forces to transform the future of farming

First Batch of Aster Homes Handed Over to the Flood Victims in Kerala

Thrillophilia Announces Partnership With Tourism Authority of Thailand to Promote Thailand's Unique and Off-beat Travel Experiences

The 15th Strait Travel Fair and the 5th China (Xiamen) International Leisure Tourism Expo Concluded Successfully

Suite LLC's ALib™ Introduces Support For SOFR and Other Alternative Reference Rates

/Disregard Release: StartupXseed Ventures: StartupXseed Ventures, Deep Tech & B2B Focused Fund, Kicks off 2019 With two Exits/

Cyient Reports The Quarter With Continued Growth In Revenue, Profit And Cash

Dornier MedTech to Launch New AXIS™ Single-Use Flexible Digital Ureteroscope and Stone Management Products at American Urology Association Annual Meeting

Shanghai Electric Signs MOU with Saudi's ACWA Power to Co-develop Global Solar Projects

Great Wall Motor Unveils Three Models in New P Series Pickup Range

John Hardy Announces Leadership Succession Plan

Bradesco - Results in the 1st Quarter of 2019

At bauma 2019, XCMG Builds Towards A Better Future with Smart Equipment and Solutions

Leading universities partner with IBM to accelerate joint research and drive educational opportunities in quantum computing

StartupXseed Ventures, Deep Tech & B2B Focused Fund, Kicks off 2019 With two Exits

Avon powers beauty startups in collaboration with Women Startup Competition

Neymar Jr. and Diesel Fragrances to Unveil a Co-created Fragrance

Hikvision announces full-year 2018 and first quarter 2019 financial results

Frost & Sullivan: Pharmaceutical and Biotech Sectors to Drive Investments in the Asia-Pacific Healthcare Industry

Kavalan Wins 'Pinnacle' Prizes in 2019's First Competitions

Glenmark Receives Approval From Russian Ministry of Healthcare to Market Momate Rhino Metered Nasal Spray as an Over-the-Counter (OTC) Product

Unlocking the Best of Indian Entertainment for the World: ZEE5 Global Unveils its Content in 5 New International Languages

Software AG Launches New Digital Transformation Center in Mumbai

International Day of Football and Friendship Celebrated in Schools Around the World

Fig-O-Honey to Host Bengaluru, Kochi, Chennai Site of the Ninth Annual Great Cloth Diaper Change (GCDC) International Event

Boldon James Focuses on Growth With Appointment of India Business Lead

Eff Creative Wins Its First Awards In The Asia Pacific Region For Presence In Singapore Just One Year After Opening

SEMI Partners with Powerhouses imec, CEA-Leti and Fraunhofer to Energize Global Innovation

National Geographic Society, Campaign for Nature representatives join nations in Canada to push an ambitious global agenda for nature

Huawei Enables Smart Finance with "AI+DATA"

Shell Announces Deep-Water Discovery in Gulf Of Mexico

Getaround Becomes Global Carsharing Leader With $300 Million Acquisition Of European Platform Drivy

Dr Batra's Launches its 10th International Clinic in Abu Dhabi

Nitesh Estates Ropes in New CEO and CFO

Artprice: The 10 Top-selling Artworks Created After the 2008 Financial Crisis

STL Delivers Superlative Growth With a Strong Future Outlook

MovingNow - a Distinct Category Leader in the Logistics Space in India

Jinergy at PV India Tech: Winning World's Second Largest PV Market with High Efficiency and Reliable Products

Emaar Hospitality Group to Open 5 New Hotels in Dubai This Year

18% Homebuyers Prefer New Launch Homes Against Previous 5% - ANAROCK Consumer Sentiment Survey

BuyUcoin Introduces First Indian Platform for Wholesale Cryptocurrency Trading

Alliance School of Business Hosted the International Conference in Management Studies

Kardio Group Applauded by Frost & Sullivan for its Connected Healthcare Solutions for the Management of Non-communicable Diseases

MGID Wins Two Silver Stevie® Awards in 2019 Asia-Pacific Stevie® Awards

Ontario Teachers' to invest in global disruptive technology through new innovation platform

XII Astana Economic Forum in Kazakhstan to Focus on 'Inspiring Growth: People, Cities, Economies'

The Royal Canadian Mint marks 50 years of progress in the journey to equal rights for LGBTQ2 Canadians with $1 "Equality" circulation coin

US Healthcare Cybersecurity Market to Reach $8.70 Billion by 2023 as Companies Adopt IoT and Cloud Strategies

Aeroflot Named China's Favourite International Airline for the Third Consecutive Year

ClickSoftware Positioned in the Leaders Quadrant of the Gartner Magic Quadrant for Field Service Management for Seventh Time in a Row

New Supermicro Scale-Up In-Memory Computing Platforms Now Shipping in Volume

PrimeStore® MTM opens Sputum-free Molecular Screening for M. tuberculosis Infection

Sasol Reaches Beneficial Operation of New Alkoxylation Production Facility in China

Kaneka Americas Holding, Inc. announces the creation of a new Biopolymers Division headquartered in Houston, Texas to start selling plant-based degradable plastic compounds in the United States

Independent Study shows Io-Tahoe delivers projected 523% ROI and total benefits of $17 Million over three years to Multinational Fortune 500 Corporation from Smart Data Discovery investment

Waaree Energies Ltd. Introduces Off-Grid Solar Solutions for Residential and Commercial Segments

F4F Heroes: 14-year-old BRICS Good Will Ambassador to Participate in 2019 Football for Friendship

Cision 2019 State of the Media Report Reveals a Decline in Distrust of the Media and Growing Concerns About Staffing and Resources

Frost & Sullivan Commends Automation Anywhere for Transforming the Future of RPA with its Human-Centric Digital Workforce

D-Link is Recognized as an April 2019 Gartner Peer Insights Customers' Choice for Wired and Wireless LAN Access Infrastructure

ZEE5 Premieres New Tamil Original Series 'Auto Shankar' for its Global Audiences

Connected, Shared, Electric and Autonomous Technologies to Dominate Industry Innovation in 2019

APR's Annual Advertising Production Trends Highlight The Need To Have A Content Production Strategy

Arçelik Aims to Raise Awareness on Climate Change Risks Through Mt. Everest Climb

Simplilearn Wins Stevie® Award for Innovation in Customer Service Management, Planning & Practice

A Majority of Healthcare Professionals in New Zealand are Supportive of Alternatives to Cigarettes if Regulated for Use in Tobacco Harm Reduction

adidas and Marvel Celebrate Basketball's Mightiest Heroes With New Footwear Collection

Indegene AI-driven Next Generation Commercialization Platform Launches Yosprala

PATH and MMV launch 5-year global initiative to support elimination of relapsing malaria

Wirecard Expands Partnership With India's RBL Bank to Further Drive Financial Inclusion

Avengers Themed Diaries by Doodle Collection to Hit Shelves as 'Marvel Studios' Avengers: Endgame' Readies to Hit Screens

Infoblox Appoints Saravana Dorairaj as Regional Director of SAARC

SCIKEY Redefines Talent Acquisition & Engagement Market With its AI and MindMatch Powered Talent Commerce Platform Launch

Accruent and ABP Solutions Expand Partnership to Help Singapore Companies Improve Asset and Maintenance Management

Spin Master Wins "Bakugan" Patent Case in China

Earth Day Network Partners with Twitter to Release 'Earth in Our Hands' Emoji to Mark Earth Day 2019

CryptoDaily Becomes Fastest-Growing Blockchain Industry News Source

U.S. Immigration Fund Announces I-924 Approval for its 29th & 5th Project, HFZ Capital's NoMad Tower

U.S. Appeals Court Reaffirms Enforcement of US$530M Award

MTV Bags the 'Video Agency of the Year' Award, ALTBalaji Wins the 'OTT Platform of the Year' at vIDEA 2019

Cyril Amarchand Mangaldas Advises Adani Logistics on INR 43 Crore Acquisition of True North's Stake in Innovative B2B Logistics Solutions

Automotive Dealers Shift to Cloud-based CRM Solutions to Meet Customer Expectations

Centrisys/CNP Earns Acclaim from Frost & Sullivan for Increasing the Efficiency of the THP Process in Sludge Treatment with Its PONDUS TCHP

Orchard Software's Industry-leading Trellis™ POCT Management Software Commended by Frost & Sullivan

Datamatics Expands its Partner Footprint - Ties-up With TechniSMART Solutions to Bring Enterprise Grade RPA Product, TruBot, to the UK & European Markets

Ceramics trade fair held in Yingxian County, Shanxi Province

upGrad ups the Ante for its Digital Marketing Learners, Conducts Valedictory Ceremony at MICA

CellPoint Mobile Enables Viva Air to Become the First Airline in Latin America to Offer Apple Pay and Google Pay

OPPO Unveils the new A5s With a Water Drop Screen and Exceptionally Long-lasting Battery Life

CHITRAM: Art Lovers & Artists Connect as Chitkara University Organises National Level Art Festival

IIM Indore in Collaboration With Jigsaw Academy to Launch a 10-month Integrated Program in Business Analytics

Tongwei Group Donated PV Power Station for Depopulated Zone of Tibetan Plateau

Tiger Shroff is the New Face of 8 PM Premium Black (Music CDs) for its 'Smooth Taste of Friendship' Campaign

Network Intelligence Signs Partnership With BSE to Provide Security Services to its Members Under the SEBI Cybersecurity Guidelines

THAI Smile offers special ticket price for Kolkata-Bangkok route

10% Increase in Hysterectomy in Women Aged Between 35 and 40 - Dr B Ramesh, Altius Hospital, Bengaluru

Upgraded CBD-IBCTF (Shanghai) Co-hosted by MACALLINE Makes Debut

Demand for Climate Action Announced As Earth Day 2020 Theme for 50th Anniversary Year

GAC Motor Unveils a New Model and Hosts International Distributor Conference During Auto Shanghai 2019

Writer Information Receives ISO 15489-1:2016 Certification

"The Belt and Road" Shaanxi Xi'an (Samsung)•2019 City Wall International Marathon takes place in Xi'an, China

Absen Recognized as One of China's Best Managed Companies

The Muslim World League condemns and denounces the terrorist acts against the Republic of Sri Lanka

ShaktiCoin Opens Mining Registration Globally

Young Living Promotes Irvin Bishop Jr. to Executive Vice President, Digital and Strategic Planning

Scientists and Environmental Leaders Call for "Global Deal for Nature" to Protect Half the World's Lands and Seas

Home Appliances and Automobiles Highlight Smart Technology During Phase 1 of 125th Canton Fair

Six Teams Trained By The Global Center For Social Entrepreneurship Network (GCSEN Foundation) Make The Cut In NY State's Business Plan Regional Competition Held At Marist College

The 43rd CIFF concludes after hosting some 300,000 professional visitors

Huawei Unveils AirEngine as New Wi-Fi Brand and Announces Global Mass-Market Deployment of Its Wi-Fi 6 Products

The 43rd CIFF features wider diversification of exhibits and upgraded services

Cyient and India2022 Coalition Launch MedTechConnect Platform to Address India's Last-Mile Challenge in Healthcare

Professional Security Service Firms Gain Growth Opportunities with the expanding threats surface, finds Frost & Sullivan

Kountable CEO Talks with UNOPS Head of Global Innovation and Technology about Its Vital Role in Improving Supply Chain Access at BootstrapLabs AI Conference

Donald Glover and adidas Originals officially launch Donald Glover Presents

Analytics partnership firms, Marketscience & Truesight, makes strategic positioning move within European market by expanding UK office presence.

Global Lab Analytical Instrumentation Market to Reach $14.22 Billion in 2025

Kountable Launches Its Managed Marketplace for Global Trade at BootstrapLabs AI Conference

Boursorama renews its agreement with IBM to accelerate its hybrid cloud strategy

IIM Rohtak Introduces Five-year (Bachelors to Masters) Integrated Programme in Management (IPM)

Solar Powered Desalination Offers Ray of Hope for Indian Villages

OSH Bangladesh and IFSEC Bangladesh Expos Mark Their Debut in Dhaka Today

Huawei Recognized as an April 2019 Gartner Peer Insights Customers' Choice for Data Center Networking

Summer Like Never Before in Dubai With Emaar Hospitality Group's Exceptional Stay Packages

9th Western China International Logistics Industry Expo Boosts Development Of Xi'an As Logistics Hub Along Belt and Road

The debut of Hangzhou City Brain in Hong Kong attracts attention worldwide

IMA® Hosts Women's Accounting Leadership Series in India

India Anti-Money Laundering (AML) Software Market to Reach $86.7 Million by 2023

Respiri Applauded by Frost & Sullivan for its Diverse Portfolio of Smart, Non-invasive Respiration Monitoring Systems

Alankit Collaborates With MCGM to Provide e-Governance Services to 1 Crore Citizens

CudoOS Launches, Bringing Smarter Crypto Mining to Rig Operators

Xoriant Acquires CloudIO to Accelerate Enterprise Digital Transformation

adidas Unlocks a Circular Future for Sports With FUTURECRAFT.LOOP: A Performance Running Shoe Made to be Remade

Frost & Sullivan Presents Top Cities Leading Globally in Smart Mobility Solutions and their Strategies

Discover the Best Strategies for Innovation at the Community Level for Healthcare Technology and Biosciences

Huawei Announces that the Atlas AI Computing Platform is Ready for Commercial Scaling

Great Wall Motors Unveils P Series Pickups at Auto Shanghai 2019

Adjust Puts an End to in-App Bot Attacks With New Standalone Unbotify Product

Tapad Brings Global Insights to Arm Treasure Data's Enterprise CDP Technology

First Light Diagnostics Commended by Frost & Sullivan for its MultiPath™ Platform for Infectious Disease Management

Vonage Earns Frost & Sullivan's Competitive Strategy Innovation and Leadership Award for its API Platform

Dunzo Partners With Chennai Super Kings to Deliver Official CSK Merchandise Within 90 Minutes

Avon joins Humane Society International's #BeCrueltyFree campaign calling for a worldwide ban on animal testing for cosmetics

Huawei Mobile Services: Bridging India To Asia Pacific Markets

RenewX 2019: Set to Focus Spotlight on South India's Burgeoning Renewable Energy Sector

Haier launches users' photo sharing event to highlight smart life

Co-living, Student Housing, and Coworking Segments Continue to Witness Growing Interest From Investors: Colliers International India

Analysis from AMPLY Power Indicates America's Top 25 Cities Could Save an Average of 37% on Fuel Costs by Switching to Electric Vehicles and Buses

7-Eleven CLiQQs with CleverTap To Drive Effective Customer Engagement for its Digital Payments App

IIoT Innovation Platform Enables a Smart Island for The Isle of Man

UENI - After Putting Thousands of Businesses of Europe Online, it is Now Eyeing India's Small Businesses

Atul Jalan's Book 'Where will Man Take Us? - A Bold Story of the Man Technology is Creating' Hits the Stands

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
AAP manifesto harps on full statehood fo...
Punjabi singer Daler Mehndi joins BJP...
Rajasthan government performance below a...
Star campaigners descend on Odisha for A...
Bengal BJP chief discounts Amartya Sen's...
1 killed in Signature Bridge car acciden...
More...    
 
 Top Stories
70 IS suspects held after bombings:... 
Ian Gould to quit umpiring after Wo... 
Twinkle reveals only 'party' she'd ... 
Fresh challenge awaits IPL teams mi... 
Springsteen's 'Western Stars' avail... 
Asha Bhosle directs one scene of Go... 
Elizabeth Winstead to star in assas... 
Human intrusion degrading air quali...