The Indian Economic Landscape
The Indian economy has grown at an upright pace ever since the beginning of the economic reforms in 1991. Today, India has developed into a trillion-dollar economy on the back of a self-sufficient agricultural sector, a broad industrial base, and a stable financial and services sector. By the year 2030, India is all set to become the world's third largest economy.
We focus on five sectors that significantly contribute to the growth of the Indian Economy.The Media and Entertainment Industry
The Indian Media and Entertainment industry (M & E) has a tremendous impact on the country's economy. As per a leading global report, India’s M&E industry reaches 161 million TV households; 94,067 newspapers; about 2000 multiplexes; and 214 million internet users, of which 130 million accesses the Internet on their mobile phones. The year 2013 registered a growth of 12 per cent and touched US$ 15.27 billion. The television industry in India, which was estimated at US$ 6.94 billion in 2013, is projected to increase at a CAGR of 16.2 per cent over 2013–18, to reach US$ 14.72 billion by 2018.
Zee has been a consistent and growing contributor to the M&E sector in India
In the early 90s, when the idea of reaching and engaging the India’s vast population seemed improbable ZEE's Chairman Dr. Subhash Chandra took the initiative for being the only satellite broadcasting into India and China. Over the decades ZEE has continually invested in regional languages, cable, DTH while supporting local vendors and small producers strengthening their growth. ZEE is ranked at the 215th position in this year's ET 500 list. Not only has Zee moved up 14 positions over its last year’s ranking, but is also the Top Media Company, ahead of Network18, HT Media, Sun Network, TV18 & DB Corp. ZEE aims to continue its contribution to the Indian economy with a combination of quantitative business results - growth, margins and turnaround - as well as qualitative attributes such as innovation, reputation, people leadership, and contribution to the ecosystem.
Banking & Financial Services
With India regarded as one of the top economies in the world, the Banking and Finance sector looks set for greater transformation in the next 5-10 years by creating up to two million new jobs driven by the efforts of the RBI and the Government of India to expand financial services into rural areas.
The asset management industry in India is among the fastest-growing in the world. Total asset under management of the mutual fund industry clocked a compound annual growth rate (CAGR) of 16.8 per cent over FY 07-13 to reach US$ 150 billion.Automobiles
The Indian automobile industry- currently the seventh in the world- accounts for 22 per cent of the country's manufacturing gross (Gross Domestic Product) GDP. The 100 per cent FDI and the Automotive mission plan aims to double the contribution of the automotive sector to the country's GDP by taking its turnover to US$ 145 billion and providing additional employment to 25 million people by 2016.Pharmaceutical
The Indian pharmaceutical sector is estimated to touch US$ 45 billion by 2020, thereby making it the sixth largest in the world according to global reports. The rise of pharmaceutical outsourcing and investments by MNCs, committed health insurance segment and improved healthcare facilities, is expected to drive the market's growth thereby positively affecting India's growing economy. FMCG
India is a consumer driven market, with consumer spending in the country projected to more than double by 2025. Rising incomes, growing youth population and brand consciousness have been key growth drivers for the sector. The overall fast moving consumer goods market is expected to increase at a CAGR of 14.7 per cent to US$ 110.4 billion during 2012-2020, with the rural FMCG market expected to increase at a CAGR of 17.7 per cent to US$ 100 billion during 2011–2025. Government policies have attracted FDI and consequently boosted economic growth.
The various initiatives and developments in the Media & Entertainment, Banking & Financial services, Automobiles, Pharmaceuticals and the FMCG sectors are, thus, bound to enhance India's overall economic growth and make it a force to reckon with in the global economic scenario.