India at glance

India at a glance

Population: 1.22 billion (estimate 2012)

GDP: US$ 4.469 trillion (PPP 2011)

India will be the fastest growing of the major economies, expanding its share of global economic

output from 2% to 12% by 2050, by which stage it will be roughly equal in size to the US

550 million middle class households by 2025

Automotive

Passenger vehicle sales and production is expected to grow by 14% to 16% between 2011 and

2021, reaching over 9 to 10 million units annually, commercial vehicles sales at 18-20%

Sanand, Gujarat’s major car production hub is expanding: Peugeot’s first India plant is scheduled to

open in 2014

India’s auto component exports to reach US$26 billion by end of this decade.

The automotive sector accounts for 60% of machine tool demand in the country

Auto Component Manufacturers Association (ACMA) estimates sales will grow exponentially to 10

million cars, 30 million two wheelers and 2.2 million commercial vehicles by 2020

Rail

Eastern Corridor Construction work is in progress. Work on the Mughalsarai-Ludhiana portion

(1,183 km) of the corridor is being funded through a World Bank loan

Railways budget 2011-2012 earmarks an outlay of US$ 12 billion, the highest ever so far

Total revenue generated by Indian Railways estimated to be worth US$ 22.1 billion in 2011-2012

Indian Railways generated US$ 9.71 billion of revenue earnings from commodity-wise freight traffic

during April-December 2011, an increase of 4.59% compared to the same period before

Road

In 2012 the budget for highway construction is 550 billion rupees

Construction sector is expected to grow at about 35% between 2012-2013

Indian government is pushing to build 20 km of roads each day

Telecoms

884 million phone subscribers (Nov. 2011)

India has become the world’s second largest mobile handset market with sales expected to reach

206 million units in 2014

Indian telecommunication service’s market revenue will reach US$ 41.4 billion by 2013

Domestic appliances

Domestic technology and business outsourcing services are expected to expand five-fold by 2020

to US$ 90 billion to US$ 100 billion

Indian consumer electronics industry will grow at a CAGR of around 18% between 2011–2014.

During this time period, LCD TVs are expected to capture the majority of the television market share

India's total production of coated and galvanized steel is expected to rise to more than 6 million

tonnes in 2013 from 4.7 million tonnes in 2011

Energy

International Energy Agency estimates India will add between 600 GW and 1200 GW of additional

new power generation capacity before 2050. This added new capacity is equivalent to the 740 GW

of total power generation capacity of the European Union in 2005

India's electricity sector is amongst the world's most active players in renewable energy utilization,

especially wind energy. As of December 2011, India had an installed capacity of about 22.4 GW of

renewal technologies-based electricity, exceeding the total installed electricity capacity in Austria by

all technologies

India aims to supply 9% of its electricity needs with nuclear power by 2032

Petrochemicals

Oil consumption in India is projected to increase by 4% to 5 % per annum by 2015, indicating a

demand of 4.01 million barrels per day by 2015

India’s refining capacity is constantly increasing and should reach about 70 MT by 2014, making

India one of the world's major exporters of petroleum products

The US$7.5 billion TAPI (Turkmenistan-Afghanistan-Pakistan-India) gas pipeline project will span

1,678 km and is expected to go on stream by 2015