Automobiles production increased at a compound annual growth rate (CAGR) of 12.2 per cent over FY05-13. Strong demand growth due to rising incomes, growing middle class, and the young population is likely to propel India among the world's top five auto-producers by 2015.
India is amongst the top 12 biotech destinations in the world. It ranks second in Asia. It is the largest producer of recombinant Hepatitis B vaccine in the world. The market size of Indian biotechnology industry was US$ 4.3 billion during FY13 and is expected to grow to US$ 11.6 billion by 2017.
The Indian healthcare industry has progressed at an impressive pace over the past few years. The private sector has emerged as a vibrant force in the industry, accounting for almost 74 per cent of the country’s total healthcare expenditure.
The Indian tourism and hospitality industry has emerged as one of the key drivers of growth among the services sectors in India. In 2013, the travel and tourism industry contributed Rs 2.17 trillion (US$ 36 billion) or 2 per cent to the country's gross domestic product (GDP). This is expected to rise to Rs 4.35 trillion (US$ 72.17 billion) in 2024.
India’s young urban demography is today an attractive market for foreign investors, and with the Indian government’s willingness to invest in urban development, the segment’s future looks good. India’s urban population is projected to increase from 340 million in 2008 to 590 million in 2030.
Redesigning the financial landscape With unwavering focus on low operating cost and high efficiency, Vortex Engineering has developed a reliable and secure range of ATMs that have changed the face of banking in India. Efforts such as these assume more significance in the wake of the recent demonetisation drive by the government and help..
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