Country Overview - India

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Introduction

Country Trends

Infrastructure Transportation etc

Housing Market

Education

Fun Facts

Indian Economy
Indias economy has been one of the stars of global economics in recent years, growing 9.2% in 2007 and 9.6% in 2006. Growth had been supported by markets reforms, huge inflows of FDI, rising foreign exchange reserves, both an IT and real estate boom, and a flourishing capital market.

GDP G o
10 % 8 6 4 h a 2 0 -2 -4 -6 -8 Y a 2003 2004 2005 2006

h Ra

USA UK 2007 2008 2009 India

Go

Indian IT sector A success story

The Indian IT sector is growing at a growth rate of 11% year on year as of 2008. Indian IT-BPO sector grew by 12 Sub total per cent in FY 2009 to reach US$ India India (Internation Domestic Total 1998 Based Centric 71.7 billion in aggregate revenue al) (including hardware). Of this, the IT Services 23 7 30 8.5 38.5 2.1 software and services segment accounted for US$ 59.6 billion. Software 8 2 10 9.5 19.5 0.6 IT-BPO exports (including Products hardware exports) grew by 16 per IT-enabled cent from US$ 40.9 billion in FY 15 2 17 2 19 0.4 Service 2007-08 to US$ 47.3 billion in FY 2008-09. E-business 4 1 5 5 10 0.2 Indian IT services market is estimated to remain the fastest Total 50 12 62 25 3.3 87 growing in the Asia-Pacific region with a CAGR of 18.6 per cent. According to NASSCOM, domestic IT market (including hardware) reached US$ 24.3 billion in FY 2008-09 as against US$ 23.1 billion in FY 2007-08, a growth of 5.3 India's IT sector accounts for 5.5 per cent of gross domestic per cent. product, up from just 1.2 a India's personal computer (PC) market is likely to grow by 13.7 per cent to 11.1 decade ago, has shown sustained million units in 2009, aided by a surge in demand for laptops The laptop market is expected to grow by 37 per cent in 2009 to 3.69 million units ability to take out costs. and constitute a third of the total PC market.

Revenues - 2008 ($ US billion)

Infrastructure

Transportation

Banking eal Estate

The Growth Rate of the Infrastructure ector in India GDP has grown at the rate of . % between 2006 and 20 0. $ 2 billion in 200 to $ 7 billion in 2009. Indias spending on infrastructure is expected to go up from The government is targeting an investment of $ 20. billion over the next two years (20 0 20 ) in the infrastructure sector Government plans to invest $320 billion for t e upgrades of ports, railroads, ig ways and airports over t e next 15 years.

orts
The government has identified 276 projects entailing an investment of $ 2 billion. ccording to the Planning Commission, there is an investment opportunity of $ 2 billion by 20 2 in India's shipping and ports sectors The ports sector would provide a US$ 13.75 billion investment opportunity, shipping and inland waterways are $ .2 billion investment opportunity. likely to present a

Airports
The government plans to attract private players through the PPP mode for the development of over 00 airports and airstrips. It would invest $ 9 billion to modernize existing airports by 20 0. The Civil viation Ministry plans to develop 35 reenfield airports across India by 20 0 with an investment of $ billion for the proposed airports.

ailroads
The Indian Railways took up the most ambitious ever annual plan for fiscal 200 09, entailing an enormous investment of $ 7.9 billion, registering a 2 per cent increase over the previous year. The plan includes a total budgetary support of $ .66 billion including $ 6 . million to be provided from the Central Road Fund.

Indian Infrastructure
Roads
During 2007 0 , $ . 6 billion had been provided for the national highways and for state roads. Of this amount, $ . billion is for national highways and $ 0. 6 billion for state roads. n amount of $ 0.0 billion has also been allocated during 2007 0 for the development of state roads. ccording to a consultation paper by the Planning Commission, investment in the roads sector during the $ 9 . billion. Eleventh Plan is projected at

Electricity
During the Eleventh Plan, the government aims to add power generation capacity of about 70,000 MW and provide electricity to all un electrified hamlets and all rural households through the Rajiv Gandhi Grameen Vidyutikaran Yojna (RGGVY).

Telecom and IT
The Eleventh Plan envisages reaching a telecom subscriber base of 600 million, with 200 million rural telephone connections and attaining a broadband coverage of 20 million and 0 million Internet connections.

These are the major government initiatives which are going to be implemented (some have already started).

Electricity Banking
Indian banking sector has

been growing at a tremendous pace. There are around 222 commercial banks in India (of which 133 RRBs). Indian banking sector is highly vibrant Out of the 222 there are many foreign banks which have set up facilities in India, some of these banks are Deustchebank, Royal Bank of Scotland, Citibank etc.

Government aims to add power generation capacity of about 70,000 MW and provide electricity to all unelectrified hamlets and all rural households through the Rajiv Gandhi Grameen VidyutikaranYojna. The estimated increase in capacity is 227GW by 2012 from existing 132GW.

Telecom & IT
The country is ranked third worldwide in terms of having the largest telecommunication network, after China and USA. One in every three people in India connect to people using this network. The Information technology is an ever growing industry with a 11% growth rate year on year.

Infrastructure

Real Estate Government Initiatives

Government has been taking a lot of initiatives in terms of infrastructure. Government plans to invest $320 billion for the upgrades of ports, railroads, highways and airports over the next 15 years The real estate market is estimated to grow to US $ 1400 billion The Indian real estate sector is highly vibrant with a lot of real estate opportunities. It is the right time to invest in the Indian real estate market as the real estate market is ever growing.

Education System
T e Indian sc ooling system is considered to be t e best in t e world The total no of schools in India are close to .2 million. The focus in India is shifting towards the IC E standards and most of the schools in cities are providing this form of education. % of the total schools are internationally acclaimed. Each year new schools are started in different locations in the country
City Sc ools Avg Fees (US ) (At t e Time of Admission Incl. of Reg , Appl. C arges and Security eposit)
2000 2 000

Delhi

merican Embassy chool, DP International, Pathways World chool, The British chool, G.D. Goenka World chool merican chool of Bombay, Dhirubhai mbani International chool, Ecole Mondiale World chool, Fazlani L' cademie Globale, Oberoi International chool, Pranjali International chool, RB International cademy,RIM International chool and Junior College, Ryan International chool, Witty International chool merican International chool, The Velammal International chool, PL Global,

Mumbai

000 2000

Chennai

2000 20000

olkata Bangalore

Calcutta International chool, The Cambridge chool, Bangalore International chool, Canadian International chool, Indus International chool, Mallya diti International chool, tonehill International chool, The International school, TRE MI World chool, Trio world school,,

2000 2000 2000 2 000

Healt and Medical Facilities

India has a very good healthcare system. Healthcare is easy and affordable. Each city has at least good hospitals comparable to international standards City Leading rivate Hospitals (Top 5)

Delhi

pollo Hospital, Batra Hospital, Escorts Heart Institute & Research Centre, Fortis Hospital, Ganga Ram Hospital, Jaslok Hospital, Wockhardt Hospital, Fortis Hiranandani Hospital, St George Hospital, Tata Memorial Hospital Apollo Hospital, Stanley Hospital, Vijaya Hospital, Malar Hospital, Madras Medical Mission Apollo Gleneagles Hospital Ltd., Columbia Asia Hospital, Westbank Hospital, Rabindranath Tagore International Institute of Cardiac Sciences, Advanced Medicare & Research Institue Ltd (AMRI) Apollo Hospital, Wockhardt Hospital, St. Johns Medical College, Columbia Asia Hospital, Victoria Hospital

Mumbai

Chennai

olkata

Bangalore

Healt Insurance
Health insurance industry in India is still growing. The cost of health insurance is cheap in comparison to other developed countries. The major health insurance companies in India are:
         

National Insurance Company New India ssurance nited India Insurance ICICI Lombard Tata IG Royal undaram tar llied Health Insurance Cholamandalam DB Bajaj llianz pollo G Health Insurance Company These service providers have a presence in all major cities and a tie up with most leading hospitals in India. For a family of , the insurance premiums range from D 00 00/annum for insurance cover of up to D 0000 for each member. For a single person age between 2 0 years, the premium is D 20 0/month per D D 0 0/annum per D 2000 2000 insurance cover and for age 0 years it is between cover

Car Buying/Leasing

Purchasing of a car non residents can only be done if they have a work permit Car can only be rented with a driver. (Taxi) Driving in India is not easy ! driver is recommended. Most of the popular cars are available in India.

Utilities

Furnis ings

Real Estate
Lease Terms eposits / Customs

Facilities are very good in major cities of India. Cost of obtaining facilities is cheap. Quality is comparable with international standards It is recommended to go through a professional house for utility hook ups as the Utilities process is very cumbersome and it more people dependent and not process dependent

Furnis

International brands are available very easily Excellent domestic products are also available. Total cost of ownership is low The complete home furnishings are also available ings for rent for short term assignees

Real Estate
eposits / Customs
Deposit amounts vary by city. Best practice is to pay by cheque, obtain receipts and also inform the landlord early. Rent is paid by the th of the month.

Lease Terms
Easy to get in/out of lease. tandard lease terms across India with slight variations. ublets are allowed

Real Estate Trends

City

Apt 1-Bd (USD)

Apt 2-Bd (USD)

Security (number of months of rent) 5400 5400 2800 2400 3900

Commission Maintenan ce (USD/sq .ft.)

Delhi Mumbai Chennai Kolkata Bangalore

3500 3500 1800 1400 2500

2 2 months rent 6 2 months rent 10 1 month rent 6 1 month rent 10 1 month rent

1.2-1.8 1.2-1.8 0.4-0.6 0.30-0.45 0.8-1.2

Fun Facts

The Indian film industry makes more films each year than the nited tates, France, Italy, and the People`s Republic of China. Yoga has its origins in India and has existed for over ,000 years. There are more than 700 languages in India. Over 29 languages are spoken by a million people or more. More than 0 million Indians speak English. The mobile users of India grows every month with about 2. million people There are over 00 software companies in Bangalore India

The number of births that occur in India each year is higher than the entire population of ustralia bout 0% of the residents in India are under 2 years old India is home to about 200 million cows. You will have a chance to see a few when you drive on Indian roads !!!