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.
India is emerging as a global hub for auto component sourcing due to its close proximity to key automotive markets such as the Middle East and Europe. Total market size of India's auto components sector is expected to reach US$ 115 billion by FY21.
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 one the fastest growing aviation markets and currently the ninth largest civil aviation market in the world. Air transport in India presently supports 56.6 million jobs and generates over US$ 2.2 trillion of the global gross domestic product (GDP).
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