IBEF: India Brand Equity Foundation
India Brand Equity Foundation DCXIV August 29, 2016
In this issue
- What's NewIBEF
- Poll
- Conversations on Brand India
- Did You Know?
- Economy & Policy Snapshots
- They Said It
- Exclusive
- Focus: Exports
- Media: Blog
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India has emerged as the world’s third largest tech start-up hub in terms of number of technology-driven start-ups, after the US and the UK. The recently released report from the Associated Chambers of Commerce of India (Assocham) in association with Thought Arbitrage Research Institute further said that as of 2015-end, India had around 4,200 tech start-ups. The city of Bengaluru is host to around 26 per cent of domestic tech start-ups, followed by Delhi NCR (23 per cent), Mumbai (17 per cent), Hyderabad (8 per cent) and Chennai (6 per cent). In terms of total number of start-ups, comprising both tech and non-tech areas, India ranked fifth globally with around 10,000 start-ups.

In another recent development, a study from the IndianBlueBook.com said that the Indian used car market is expected to touch 3.3 million units this fiscal, growing at around 15 per cent. The Indian market is further expected to cross the 7 million units mark by 2020. It is important to note that under half (45 per cent) of all pre-owned cars sold are in metros while non-metros account for over 55 per cent. By 2020, both the used and the new car market in India can be expected to be among the top five global automotive markets, said the study.

Warm regards

Dr. Shobhit Jain, IRS
Deputy CEO
What's new@IBEF
Industry snapshots
The industry snapshots have been updated with the latest information on the various sectors of the Indian economy recently. Starting from Agriculture to Tourism, IBEF covers a wide range of industries showcasing the Indian economy.
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Poll India will be a global leader in the Internet of Things industry by 2020?

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Past polls
Conversations on Brand India
“In a major boost to regional air connectivity, the Government of India has recently announced that it plans to set up 50 new airports in the country over the next three years.”

Dr. Shobhit Jain, IRS
Deputy CEO

India: Unlocking our skies

Did You Know?
The Indian e-tailing market is expected to grow 50-60 per cent year-on-year to touch US$ 80-100 billion in gross merchandise value (GMV) by 2020.
Economy & Policy Snapshots
Unified Payments Interface goes live with 21 banks
New Delhi: The National Payments Corporation of India (NPCI) announced that Unified Payments Interface (UPI), which will enable customers to make everyday payments with just a few clicks on their smartphones, was live for customers of 21 banks.
  Isro joins elite group with successful scramjet test
Chennai: The Indian Space Research Organisation (ISRO) successfully flight-tested its scramjet engines, which could bring down launch costs by reducing the amount of oxidiser to be carried along with the fuel on rockets.
Used car market to grow to 7 mn units by 2020
Chennai: The used car market in India is growing at rate of 15 per cent to reach 3.3 million units in FY 2016-17 and continue to grow further to reach 7 million units by FY 2020, as per a report published by IndianBlueBook.com.
  India can break into the top-25 rank in the next 10 years: WIPO Chief
New Delhi: Mr Francis Gurry, Director-General at the World Intellectual Property Organization (WIPO), has predicted that India will likely get into the list of the top 25 nations in the Global Innovation Index, in the next 10 years.
India is world's third biggest tech start-up hub: Study
New Delhi: India is world’s third largest tech start-up hub in terms of number of technology-driven start-ups, after the US and the UK, according to a report by The Associated Chambers of Commerce of India (Assocham) in association with Thought Arbitrage Research Institute.
  Ford Smart leads US$ 24-mn in Zoomcar funding
Bengaluru: Ford Smart Mobility, a subsidiary of US automaker Ford, has made its first investment in Indian market by investing US$ 24 million in self-drive car rental service Zoomcar.
They Said It
“India is now becoming a very important market and in terms of investment, it will be one of the countries where we will invest the most in the future.”
Damien Veilleroy
Head – Asia
Metro AG
Exclusive   Focus: Exports
Travel: Colours of the Rann
In the Rann of Kutch, the world's largest saline desert, the wind howls and hoots like a banshee. Those trackless wastes hijacked our imagination so much so miracles and mirages seemed to merge in the flat vastness and the lines between the real and the unreal were blurred. Click here to read more about this exclusive travel article from the India Now Business & Economy magazine.
Indian spices are the most sought-after globally, given their exquisite aroma, texture, taste and medicinal value. India is the world's largest producer, consumer and exporter of spices; the country produces about 75 of the 109 varieties listed by the International Organization for Standardization (ISO) and accounts for half of the global trading in spices. Click here to read more about Indian spices.
Media: Blog
Media: Interview   Making SMEs bankable and banking on SMEs
Mr. R. Narayan, Founder & CEO, Power2SME shares his perspective on making Indian SMEs bankable in an exclusive article for IBEF.

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