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Why India? |
Robust Democracy! |
| India has the proud distinction of being the world’s largest and fastest growing free market democracy. A remarkable Constitution, well-developed democratic institutions and true participation by the people in social governance are the hallmarks of this democracy. Faith in the democratic process is nurtured as well as protected by an independent judiciary, an alert and free media and active non-governmental organizations. |
| Over 5,000 dailies, 16,000 weeklies and 6,000 fortnightlies comprise India’s fiercely independent press. A melting pot of cultures, India is home to people of all major faiths of the world. Secularism is not only a way of life- it is a philosophy embedded in India’s history. Over a billion people live together- people, who speak 18 major languages, belong to various faiths and celebrate different festivals. |
Robust Economy! |
| According to Goldman Sachs, among Brazil, Russia, India and China, India will grow the fastest over the next 30 to 50 years by leveraging its demographic advantages, talented workforces, largest pool of consumers, and diverse industrial sectors. At its present rates of growth, the burgeoning market in the country “would be adding nearly one France every three and a half years and one Australia every year” |
| Today, India’s growing 400 million strong middle class is driving demand, competition and productivity like never before. A diversified natural resource base, sound economic fundamentals and talented human resources make India an investment destination with an assured potential for attractive returns. Fifteen years of reforms in India have accomplished a lot. The amount of foreign direct investment coming into the country has grown from approximately $100 million in the early 1990s to approximately $10.5 billion today. |
| India is on a high growth trajectory. India is on the cusp of a new economic paradigm. India is now established as an advanced research and development hub. Trade, hotels, transport and communication grew 12 percent. |
| India’s KPO market will grow to $15 billion by fiscal 2010 from the existing $720 million. According to a CII-McKinsey report, manufacturing will likely grow to $300 billion in 2015. The Government of India launched the National Urban Renewal Development in India. Under the National Highways Development Project (NHDP)- the largest highway project ever undertaken by the country. India has around 6,000 km of natural peninsular coastline and ports are a crucial part of the transportation infrastructure of the country. India is the sixth largest power generator in the world. In order to meet the growing needs of its rapidly growing economy, 108000 MW of additional power generating capacity will be added over the next decade. India’s tele-density touched 15 percent taking the total telecom subscriber base to 130 million. | |
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Up-Coming Events: |
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Feb 16th, 2012: MIBRT & Capital IIT Event: Managing Risk in a Global Economy,Time: 6:00 -9:00 PM
Description: This
is a joint networking event for members of Maryland India Business
Roundtable and Capital IIT and a great opportunity to develop business
opportunities, make contacts, and gain valuable insights into the global
economy. MIBRT President Bob Nathan will also provide a brief update on
our recent trip to India with Governor Martin O'Malley
Host: David T. Lucchese, Assistance Vice President & Financial Advisor of Merrill Lynch
Guest Speaker: Mark W. Yusko, President of Morgan Creek Capital
Location:Bethesda North Marriott Hotel & Conference Center,5701 Marinelli Road,North Bethesda, MD 20852 |
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| The MIBRT partnership with Prince George's County Economic
Development Corporation, (PGCEDC) and U.S. Small Business
Administration (SBA) and Electronics & Computer Software
Export Promotion Council (ESC) and Washington Adventist
University and number of Governments and
Chambers in U.S. and in India. |
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