Press release from Business Wire India
Source: Frost & Sullivan
Friday, October 21, 2011 04:43 PM IST (11:13 AM GMT)
Editors: General: Consumer interest, Economy, People; Business: Automotives, Business services; Automotive
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Frost & Sullivan's Mega Trends Projections for the Country at GIL 2011: India, the Global Community of Growth, Innovation and Leadership
Mumbai, Maharashtra, India, Friday, October 21, 2011 -- (Business Wire India) -- Frost & Sullivan has developed the top Mega Trends that will influence and shape the world in the coming years and has launched a Visionary Innovation Research Program. As part of its ongoing research, Frost & Sullivan will cover a spectrum of interesting Mega Trends in the following areas: development of mega cities, regions and corridors; "smart" emerging as the new green; Geo Socialization; Innovating to Zero; Beyond BRIC: The Next Game Changers; Space Jam; Personal Robots; e-Mobility; and New Business Models, to name a few. The objective of the program is to provide companies with special reports to focus on the evolution of these global trends and help them drive growth and innovation in a rapidly changing environment. A brave new world emerges from Frost & Sullivan's recent research, "World's Top Global Mega Trends to 2020 and Implications to Business, Society and Cultures."
This year, Frost & Sullivan at its annual flagship Congress, GIL 2011: India, The Global Community of Growth, Innovation and Leadership, revealed its Mega Trends Projections specifically for India. The key takeaways from the Mega Trends presented include
Mega City: The key Mega Trend revealed that around 38 percent of the total population (534.8 million) in India would be living in urban regions in 2025 and cities would account for 70 percent of India's GDP in 2030. States like Delhi, Tamil Nadu, Andhra Pradesh, Karnataka, Maharashtra, Madhya Pradesh, West Bengal, Gujarat, Punjab and Haryana will have urbanization rates over 30 percent. India would have 4 mega regions by 2025 each with population over 15 Million and 21 sustainable cities by 2025. A mega city will have a minimum population of 8 Million and will contribute a GDP of $250 Billion in 2025 (13 Mega Cities in 2011 and 25 Mega Cities in 2025). The study further revealed that, Maharashtra would account for 15.8 percent of the country's total GDP and the Top 5 states account for 45.7 percent of country's GDP in 2020. India will also have the highest increase in working age population (15-64 years) globally (2010-2020) at 119 million, and will be a Source of Competitive Advantage.
Connected World: While India will, witness a high growth in population on one side, great progress will be witnessed in the area of connectivity: it is anticipated that around 1.5 billion devices would be connected in 2020; this will not only include mobile phones and tablets but also other machine-to-machine connected devices. Total pay-TV subscribers are expected to reach 166 million by 2015 and 190 million by 2020, a ten-fold increase in broadband subscribers from 10.29 million (2010) to 100 million (2014). The number of smartphones in use will grow four-fold between 2010 and 2015, reaching 101 million. Mobile-connected tablets will grow to 9.9 million and mobile-connected laptops will reach 65 million by 2015. India is also looking forward to digital revolution in rural areas due to increased connectivity.
Air traffic to witness a steady growth and the number of passengers expected to reach 485 Million with 500 operational airports and $110 billion investment by 2020.
Space Jam in India - India is developing itself as a reliable and affordable satellite launch service provider and manufacturer for international customers. India already earns a sizeable income by manufacturing and launching satellite for others. India can deliver a satellite in approximately 28 months as against the global average of 30 months. Until 2010, India launched 25 international satellites for 17 countries across Europe, the Middle East and Asia (three for Canada as well). India has more than 20 international customers for its remote sensing satellite data. India has 40 years to its credit in space research and development; by the next decade India would have launched into space 76 satellites, 10 space missions and 30 launch vehicles.
Beyond BRIC - Mexico, Argentina, Poland, Egypt, South Africa, Turkey, Indonesia, Philippines, Vietnam to be the next Game Changers in 2020.
Top 5 States would be, 1 - Maharashtra; 2 - Uttar Pradesh, 3 - Tamil Nadu, 4 - Gujarat, 5 - Andhra Pradesh
The Indian Healthcare industry will see a growth of $275.6 billion in 2020 from $50 billion in 2011. The Medical Tourism Industry in India is competitive in nature and has been able to attract a large number of foreign visitors surpassing the figures for other Southeast Asian countries, thereby contributing significantly to the country's economy. It is expected to witness tremendous growth from $0.15 billion in 2010 to $2.02 billion in 2015. E-Medical (for example, tele medicine, hospital information systems, customer service using internet) will also see huge potential growing from $191 million in 2010 to $1.5 billion in 2020.
Generational Political Shift in India - Younger and urbanized intellectual Leaders to be the future agents of change. This will be a tech-savvy generation, which will see young leaders who are educated abroad with international exposure and a firm resolve to revitalize Policies and electoral make-up with modern thoughts and pragmatism.
Commenting on the Mega Trends, Sarwant Singh, Partner, Frost & Sullivan explains, "The unique feature of this future watch research program, compared to other predictive programs out there, lies in its ability to not only identify and evaluate emerging megatrends, but to also to translate those opportunities to everyday business and personal life. In other words, we are not just throwing out predictions for the future, but also showing organizations how those predictions present immediate opportunities and threats in the here and now. A critical element of the Mega Trends program is the "Macro to Micro" exercise, which entails taking each Mega Trend, creating scenarios, analyzing impact to a business and designing its future strategy for product and technology planning. In this way, the entire eco system of the Mega Trend will be understood and the most important segment of an organization's value chain will be identified which will redefine its competitive position in the market."
According to Anand Rangachary, Managing Director, South Asia, Middle East and North Africa, Frost & Sullivan, "As India is on the threshold of emerging as the world's 2nd fastest growing economy, Mega Trends can help companies harness this potential to be more proactive and innovative in their growth strategies. With India's advantage of having the largest working population, implementing Mega Trends will definitely put companies on the right path to success."
For GIL 2011: India, CA Technologies was the Regional Strategic Partner; Blue Dart and DHL were the Regional Industry Visionary Partners. Smart ID was the Regional Industry visionary Partner for Automatic Identification and Security Think Tank, Endress+Hauser India and National Instruments were the Regional Industry Visionary Partners for Measurement and Instrumentation Think Tank and Safexpress was the Official Supply Chain Partner.
Mint was the National Newspaper Partner and Outlook Business was the National Magazine Partner. The India Media Partners for the event were A&D, Autocar Professional, Auto Monitor, Construction Week, Construction World, Constructionbiz360.com Efficient Manufacturing, Electronics for You, Energetica India, Infrastructure Today, India Safe, Light Reading India, Machinist360.com, Manufacturing Today, Modern Medicare, Power Today, Search, Security Today, Telecomlead.com, TelecomWatch, Times Journal of Construction and Design and The Machinist.
If you are interested in knowing more about the Mega Trends or Frost & Sullivan's Visionary Innovation Research Program, then send an e-mail to Nimisha Iyer, Corporate Communications, at niyer@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website and country.
About Frost & Sullivan:
Frost & Sullivan enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. We leverage 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from over 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com
For more information, Contact:
For Automotive, Energy & Power, and Infrastructure Think Tanks:
Ravinder Kaur
Corporate Communications - South Asia
P: +91.44. 6160 6666
F: +91.44.24314264
E: ravinder.kaur@frost.com
Twitter: @Rkaur06
For Chemicals and Healthcare Think Tanks:
Anish Charles
Corporate Communications - South Asia
P: +91.22. 6160 6666
F: +91.22.2832 4713
E: anishc@frost.com
Twitter: @anishcharles
For ICT and Industrial Automation & Process Control Think Tanks:
Caroline Lewis
Corporate Communications - South Asia
P: +91.22. 6160 6666
F: +91.22.2832 4713
E: caroline.lewis@frost.com
Twitter: @ccpereira
For Overall GIL 2011: India
Nimisha Iyer
Corporate Communications - South Asia, Middle East & North Africa
P: +91.98200 50519
F: +91.22.2832 4713
E: niyer@frost.com
Twitter: @nimishaiyer
KEYWORDS
CONSUMER, ECONOMY, PEOPLE, AUTOMOTIVE, BUSINESS SERVICES, AUTOMOTIVE
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