ROARING INDIAN TIGER

ROARING INDIAN TIGER
In January at the World economic forum in davos,switzerland, an extremely fruitful national branding campaign of india was done by the CII(Confederation of indian industry).Its slogan “India everywhere”.At Times Square,NY, where even the biggest brands don’t get an oppurtunity to showcase their products,brand india was given a new dimension.”Incredible India!”. India has plunged itself right into the global arena and fighting it out succesfully with the big boys of the world.trully india must have never seen such a golden era knocking at it’s door but now every other global company wants an oppurtunity to get hold of the india’s door knob as everyone makes a beeline to tap a robust economy in the making.
The economy swelled by 8.2 per cent last year, at a slightly better rate than 8.1 per cent, CSO (Central Statistical Organization) had estimated in February, positioning India as the world’s second fastest growing economy after the dragon, China’s impressive 9.8 per cent. Seven Indian firms have been named as the emerging global contenders to the world’s top-notch companies by S&P (Standard and Poor’s) further strengthening India’s position as a global player and a force to be reckoned with. The annual list consists of 300 mid-size publicly traded companies spreading across 32 countries and 10 sectors that are expected to pose as the biggest contenders to the world’s top companies. Nicholas Piramal, Siemens India, Oriental Bank of Commerce, Chennai Petroleum, UTI Bank, Bharat Forge and Punjab National Bank have found a place in the S&P Global Challengers list.
CHART NO.1.GIVEN IN PRINTOUT.



India produces over 70,000 diploma holders and 850,000 graduates every year. Indian institutes of medicine, management and engineering produce around 250,000 graduates every year. In addition India,
produces 4 lakh engineers and overall close to 7,00,000 university students graduating in science and engineering way ahead of china and the US. The number of UGC-recognized universities augmented from 27 in 1950-51 to 272 in 2001-02; colleges from 580 to 11,100 in the same period. The number of engineering colleges has increased three folds in the last ten years, from 400 to 1,200.
India’s economy seems to be on the rampage and to provide a fitting testimony to it is the increase in consumption of crude oil. India is growing at humongous pace and is one of the world’s fastest growing purchasers of crude oil. India’s share in oil consumption has increased from 1.8% in 1990 to 3.7% in early 2006.India recorded growth of 100.3% between 1990-2003 as compared to an overall world’s growth of 17.9%.

OIL CONSUMPTION (million barrels per day) CHART NO.2 GIVEN IN PRINTOUT.

The fact that India is a roaring tiger comes from the fact that India’s proudest son L.N.Mittal has successfully not only established the world’s largest steel company by acquiring Arcelor to make the world’s first 100 (million ton capacity) steel company but also by putting brand INDIA in the global map where India in the modern era never takes a backseat. Also that the world’s second largest cola company PepsiCo has Indra Nooyi as its CEO speaks volumes of the India emerging as a global power. The presence of six Indian companies in the global fortune 500 lists including IOC (Indian oil corporation) just outside the global 150 suggests that India is ready to emerge as a strong player in the world market.
The recent acquisitions by the TATA group including the largest overseas deal of $677 million to acquire 30% of energy brands inc to get hold of the American market including the around $200 million acquisition of eight’o clock coffee earlier sets the tone that Indian companies no longer just make up the numbers but also interested in moving up to the head of the order. In 2005, Boeing received orders worth $15 billion from Indian carriers, including an order for 68 airplanes worth $11.4 billion from state-run Air India in the Paris Air show dominated by indian high flyers.
India is one of the largest automobile markets trailing behind China and the US. The Indian passenger car market is growing at a furious pace and it recently crossed the 1 million mark for the year ended 2005.the burgeoning middle class is attracting carmakers that were reluctant to enter India. But now even the profitable of companies would not want to fritter away the opportunity to enter India. Lamborghini, Bentley, Rolls Royce, Porsche all have arrived by 2005 and have big plans for the Indian automobile market.

Automobile domestic sales trends.

Category 2001-02 2002-03 2003-04 2004-05 2005-06
Passenger Cars 509088 541491 696153 820179 882094
Utility Vehicles 104253 113620 146388 176360 194577
MPVs 61775 52087 59555 65033 66366
Total Passenger Vehicles 675116 707198 902096 1061572 1143037

Stocks markets are the perfect indicators of a country’s economic progress. The 30-share benchmark stock market index (Sensex) has nearly quadrupled from 3,300 in March 2003 to 12,200 in September. It is slated to increase by 20 percent over the next few years. The BSE (Bombay stock exchange) and the NSE (National stock exchange) have maintained their world rankings of 5 and 3 respectively.
CHART NO.3 GIVEN IN PRINTOUT



global investors are making a beeline to make investments in india’s stock markets and they sure are betting on india as their next money spinning option.
The telecom industry has never been on such a high before. India has recently joined the 100 million mobile club joining the likes of China and the US.teledensity levels has increased to 16% and in august 2006,Indian telecom operators added 5.9 million users as against 5.19 users of china to set the record for adding the highest numbers of new mobile subscribers in august.
India is a very young nation with almost 50% of the population under 25 and 25% of all people in the world, under the age of 25 live in India. The spurt in growth that India has been witnessing in the last half a decade or so is for sure to be carried forward by the young brigade of today in the next couple of decades. India has a great savings rate of around 28%, which in turn will fuel investment. Quotas and tariffs have been brought down and exports are growing at 20% annually. India is now plump with foreign reserves with over $160 billion in august, 2006.
India thus with its youthful vigour is ready to take on the world and prove a point in the coming century to the world under whose subjugation it had been all these centuries.