IMTEX - Why India

Why India

World's fifth-largest GDP and the largest democracy.
Growth is projected at 12.5% for 2021 and 6.9% for 2022.
One of the top 10 FDI destinations in the world and English is the preferred business language.
World's largest manufacturer of tractors and motorcycles.
World's fifth-largest manufacturer and consumer of cars.
World's sixth largest importer of machine tools and the second largest in Asia.

Where are the Markets?

$130 billion in defense manufacturing spending over the next five years. Programs now open to the private sector.
Electronics manufacturing to grow 30% annually to $150 billion by 2025.
An $11 billion medical devices industry is expected to grow to $45 billion by 2024.
The $118 billion auto industry and the $57 billion automotive components industry are both expected to double in size in the next five years.
The off-road equipment industry is expected to more than double from $5 billion to $12 billion in the next 5 years.