Manitoba
Global Network represents Manitoba Trade & Investment, Govt of Manitoba, Canada in India for promotion of trade & investment between India & Manitoba, Canada.
GDP and Related Growth Indicators |
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India is set to emerge as the world’s fastest-growing major economy by 2016 ahead of China, as per the recent report by The World Bank. India’s Gross Domestic Product (GDP) is expected to grow at 7.5% in 2016.
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The improvement in India’s economic fundamentals has accelerated in the year 2015 with the combined impact of strong government reforms, Reserve Bank of India (RBI)'s inflation focus, supported by moderate global commodity prices.
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India’s economy has witnessed a significant economic growth in the recent past, growing by 7.3% in FY 2015 as against 6.9% in FY2014. The size of the Indian economy is estimated to be $C 2.69 trillion for the year 2014-15 compared to $C 2.46 trillion in 2013-14.
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According to a Goldman Sachs report released in September 2015, India could grow at a potential 8% on average from 2016 to 2020, powered by greater access to banking, technology adoption, urbanization and other structural reforms. This offers immense opportunities for Manitoba companies in India.
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India's consumer confidence continues to remain highest globally for the sixth quarter in a row, riding on positive economic environment and lower inflation.
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India has emerged as one of the strongest performers with respect to deals across the world in terms of mergers and acquisitions (M&A). M&A activity increased in 2014 with deals worth $C 51 billion being concluded, compared to $C 37.7 billion in 2013.
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India's foreign exchange reserves were $C 464.2 billion in the week up to January 15, 2016. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
India’s Rising Middle Class: 255 million (2015) |
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India's growing middle class makes it an attractive market for foreign companies and the country's consumer spending is likely to more than double to $C 32.1 trillion by 2018-19, as per an Economist Intelligence Unit (EIU) study.
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According to EIU, the growing Indian middle class offers immense potential for manufacturers, service providers and retailers. Moreover, rising income levels mean India's huge population of around 1.2 billion is becoming an increasingly important market for consumer goods, and this trend will continue to have a strong impact.
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A decade from now, India will clearly be a vastly different country than it is today and may very well be Asia’s newest shining economic star. With roots in its rich and diverse past (dating back more than 250,000 years), its religious and philosophical traditions (8 major religions or philosophies of life are actively practiced in the country), its young people’s optimism (more than half of the population is under 25 years of age) and, of course, its growing middle class, India is well on its way to becoming a significant global player in this century. It will be great to watch, and perhaps participate in, its emergence on the world’s stage. This is an opportunity for Manitoba companies to look at Indian partners for joint ventures.
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New Government of India Initiatives |
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Growing use of Social Media across India |
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Devices play different roles throughout the day in India | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Top 5 E-Commerce Websites in India | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of smartphone users in India (In millions) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ease of Doing Business across Indian States |
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Key Indian Sectors |
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India Representative for Manitoba: Global Network |
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Contact us for Doing Business with India |
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Put us to work for YOUR BUSINESS! | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Manito trade and Investment(MTI) brings you a world of experience |
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With over 490 years of combined experience in international trade and business development, the MTI team worldwide provides expertise, experience and professionalism in their efforts to assist Manitoba companies. What does that means for you? |
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MTI speaks your language AND the language of your customers |
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We provide service in 17 languages. |
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MTI has foreign representative on the ground to connect and direct you |
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Manitoba Trade and Investment augments its staff expertise and experience with foreign trade representatives in five foreign markets : Brazil, China, Europe, India and Mexico. |
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Manitoba India Flash