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India’s Next 5 Years

December 29th, 2003 · No Comments

Rediff features a Business Standard article on India’s future, starting with some stats:

  • Today around 2 million new mobile connections are sold each month. That’s expected to climb to between 2.5 million and 3 million monthly by next year.
  • The auto industry should be making 1 million vehicles a year by 2005-06.
  • There will be over 70,000 bank branches and almost 200,000 ATMs by 2009.
  • By 2005 television sales should climb to about 9.5 million from the current 7.3 million.
  • BPO and software services should have a turnover of around $70 billion to $80 billion by 2007.
  • The production of motorcycles should climb to over 10 million from the current 3.2 million by 2011-12.

    “It’s so damn exciting,” says R A Mashelkar, the dynamic Director General, CSIR Council of Scientific & Industrial Research. “The change that is taking place is so huge. It’s a great time to be an Indian and to be in India.”

    What will India be like in five years time? If everything goes according to plan — in India that’s an extremely big if — the Indian economy should have undergone a transformation.

    At one level, the changes will be one of scale — the economy will simply be much bigger than it is currently. At another India should, truly, have become a knowledge economy and an even bigger player than it is today on the global stage.

  • Tags: Emerging Markets

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