INDIA'S FUTURE CHALLENGES
| During the next decade, India will have the following challenges that will propel a number of business opportunities: | |
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| | | | | 1. Agriculture and Food processing: Increase the productivity into 3.4 times and concentrate on Food processing and marketing.
2. Infrastructure: Apart from rural and urban infrastructure, one hundred million homes have to be built with energy efficient and water efficient systems. Annual investment in this sector will be around $80 billion per year.
3. Automobile: The export has to be 50% of our output. We are expecting a business volume of $200 billion by 2016 from the existing $45 billion. | | |
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| | | 4. Ship Building: High Dead weight ships have to be built in the country. This will have a business volume of over $50 billion.
5. Information and Communication technology: We have to keep pace with the growth inspite of global recession by applying ICT for India. We are expecting to reach business volume of $200 billion per year by 2012.
6. Pharma: India must account for atleast 25% of generic drug produced world over. Pharma vision aims to reach the business volume of $50 billion by 2016. | | |
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| | | | 7. Aerospace: 70 seater passenger jet aircraft has to be designed and developed involving 20 billion dollars of market for the next 10 to 15 years.
8. Rail-vision: Railway length has to be increased, metros have to come for faster transportation and multi-level station systems have to become operational to reduce city crowding, average speed of the train has to be doubled. Average annual investment will be over $25 billion.
9. Energy Independence: By 2030, we should attain energy independence through renewable energy sources such as solar and wind; nuclear and bio-fuels for transportation. Average annual investment will be over $30 billion. | |
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