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Home >>India Market>> India Market Growth


India Market Growth



India market growth has experienced good times in the recent years which have prospered the economy of the country to a great extent. Since the liberalization of the market since the 1990s, there has been a high growth in the market and various industrial sectors. The positive market growth has also improved the overall standard of living of the people in the country.

Over the recent years, there has been a considerable growth in Indian market which has led to high Gross Domestic Product (GDP) with an average annual growth of around 6 to 7%. In the financial year 2008-09, the factor cost of the GDP was around 6.7 %. To keep up this favorable growth, the government is also taking steps. The present Indian Prime Minister, Dr Manmohan Singh, has stressed that the government is taking various steps to make the yearly economic growth go up to 9 %. In fact, the World Bank too has projected that the market growth rate of India will reach around 8 % in the year 2010 which may even overtake China.

There are a number of factors that have paved path for India market growth. After the economic liberalization policies were undertaken in the 1990s, the economy of the country has been steadily rising which has led to more demands and supply circles. This has introduced diverse market sectors and industries in the country which have led to a competitive consumer market. Today, India ranks among the 12th largest economy in the world in terms of market exchange while it is the 4th largest economy in terms of the purchasing power parity.

There has a very positive growth in Indian market in the industrial sector. As per the reports of the Central Statistical Organization, the industrial sector had an estimated yearly growth of around 6.8 % and is expected to grow more. The development in the technologies has opened up allied sectors which have also led to growth in the quality and quantity of exports. Among the well known markets of the Asia-Pacific region, the share of private domestic consumption in India was around 57 % of the Gross Domestic Product of the country in the year 2008.

Foreign investment market in India

Due to high demand of different product and the perfect competition market, more and more foreign companies are investing and entering the Indian market. According to recent reports, the amount of the foreign institutional investments (FIIs) has touched around US$ 10 billion. This is a real boost to the market as well as the stock exchange of India. There was around an 85.1 % growth in the Foreign direct investments (FDI) market which rose from around US$ 25.1 billion in the year 2007 to US$ 46.5 billion in the year 2008. In fact the Indian equity market has become the third largest in the South East Asian region after China and Hong Kong.

Recent trends in Indian market

 India market growth looks optimistic and bright in the recent years to come. The service sector contributes around 54% of the annual Gross Domestic Product while the share of the industrial and agricultural sectors is 29% and 17% respectively. India is steadily becoming one of the global business giants with its booming market scenario.

To attain further information on India Market Growth search the following links.

ICICI Bank Branches | Commodity Market | Money Market | Bharti Airtel