Global And Indian Telecommunication Industry

979 WordsOct 15, 20154 Pages
The Indian Economy is set to grow steadily over the coming years backed by reforms from the Central Government and revival of the global economy. The Indian economy is estimated to grow at the rate of 5.5% during the 2014 and is projected to grow at the rate of 6.3% during the year 2015 by the Asian Development Bank (ADB). The growing economy and stable government would present numerous opportunities for Entrepreneurs to start and grow a successful business. The global and Indian telecommunication industry will present numerous business opportunities in the year 2015. India’s metros are set to transition from 3G networks to 4G network, while many of the 2nd and 3rd tier cities in India will transition from 2G to 3G networks. Reliance,…show more content…
Beaches, hill stations, heritage sites, wildlife and rural life, India has everything tourists are looking for. According to the World Travel & Tourism Council, in 2012 alone tourism sector garnered 6.4 trillion and the contribution of tourism industry to India’s GDP that year was 6.6 percent. The tourism industry employed 39.5 million people. The industry is supposed to grow at the rate of 7.9 percent between 2014 and 2023. Tourists, mainly from the U.S. and UK constitute the bulk of the foreign tourist inflow. And that creates some business opportunity. India ranks at number 65 in the Travel & Tourism Competitiveness Report 2013. The opportunities lie in the field of hotel industry and airlines business. Besides, India is becoming a hub for medical tourism, sports tourism and educational tourism, indicating at the availability of many untapped opportunities. E-commerce companies have enjoyed tremendous growth rate over the past few years and will continue to grow rapidly during the year 2016. National level retailers like Flipkart, Snapdeal, Jabong and Amazon are growing backed by healthy institutional and private equity investments. On the other hand, 2016 will witness the growth of many small to medium sized local or regional e-retailing businesses that provide groceries and/or FMCG products to a a smaller customer base. The focus of these firms on a small geographic area will help them be
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