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Started by : Namrata Pathak, Accounts Manager, American Express   03 24 2010 12:20:52 +0000
Industry : Public Sector/GovernmentFunctional Area : Growth(Strategy & Execution)
Activity:  338 views;  last activity : 07 06 2010 20:18:09 +0000

We all know that IT has somewhat become a strong sector in India which has brought many laurels and has proved to be a game changer interms of economy. And with so much outsourcing happening to India, the IT sector in India is something which the whole world is looking at a keen interest as they can leverage something which is not that important to India and concentrate on important things.

India has become their back office also with great talent that India has, many MNC's are also having their R&D centers in India.

http://trak.in/wp-content/uploads/2007/09/indian-growth-graph-best.gif

And from the beginning of year 21st century its all about IT everywhere, but India also has potential in other fronts too, but somewhat has been overshadowed by the strong IT performance. So, which other sectors India can prove to be a strong contender??

Share your views on this....

 
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1 2 3 4 5
1 Infrastructure
2 Energy Sector
3 HEALTH & PHARMA SECTOR
4 Capital Goods, Core Sector & Manufacturing
5 Bio Technology
6 Petroleum Exploration and Refining , Steel, Non Conventional Energy
7 Services
8 Automobile
9 Infrastructure
10 KPO
11 Manufacturing sector has to be improved...
12 Retail Industry
13 Bio-technology
14 Retailing
15 Infrastructure.
16 KPO Toooo
17 Infrastrucure
18 BFSI
19 service

Infrastructure

idea posted by Namrata Pathak Accounts Manager, American Express

Massive investments in rural roads are needed as 70 percent of its people live in rural areas, that is where (rural areas) India's future growth will come from. There was no collapse of the system in India unlike other countries...our banks have given money to the government while governments in other countries gave money to banks (to tide over the crisis).

So there is a very bright future in the infra sector.

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by Ravindra Sharma, Managing Consultant, CHEF-India  | 03 26 2010 11:56:10 +0000

Dear Namrata,

The most  interesting part is there are many "Infrastructures" listed below.

Hope and wish they mean to convey the same as started by you. 

1
  

Thanks for the referral Mr.Namrata Pathak. The infrastructure is very important to our country. New developmental works on infrastructure and Restoration of roads including the rail tracks should be the top priority after IT developments. Every nook & corner of our country should be linked/connected and thus facilitating the proper movement every goods from one place to another place across the country. This will in turn yield growth to our economy. Not only this, but also we should concentrate on rural electrification. Several parts of our country has been isolated to the main stream of our urban areas for want of this infrastructure developments, especially the rural and hill areas and the children from this areas are not able to get their proper education. The urban  mass are able to enjoy all the facilities and rural mass are not able to have.

 

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by Satish Kumar, Project Coordinator - Green Building  | 03 25 2010 07:30:26 +0000

Huge demand and requirements for Infrastructure and we have the limited company to do that. In coming 10 years 400 new airports required, metros in tier-1 and 2 cities will be mandatory. Mono rails shall be the future, SEZ, township all required huge man powers. But we have one and only one prime company i.e. L&T. We required more nos. of companies like L&T in coming future.

I on the half from toostep, request all the people in toostep think too step more and come out with 2nd L&T, 3rd L&T like our IT sectors consist of so many companies. 

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Energy Sector

idea posted by Paramesh H Associate Manager -Corporate Environment, GMR Energy

Everybody needs energy for various activities and business operations. Its going to be Energy sector with various forms conventional as well as non-conventional. In India, Currently electricity generation is in forms of Thermal (Capacity- 1,00598 MW); Nuclear (Capacity - 4340 MW); Hydro (Capacity - 36,863 MW); RES (Cap: 15,427 MW); In overall - 1,57,229 MW; And still rural India is in dark and frequent power cuts in urban. So there has been huge demand and supply gap, which requires capacity enhancement and also to be registered as carbon-less technologies. so its always energy sector

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Thank you Mr. Ravindra for your insight, perhaps Infrastructure is very broader term, which cannot be specifically mentioned to be as one of the sectors. I hope Namrata just spoke regarding the road-ways from infrastructure. and I feel ENERGY is sectorial to be mentioned in particular for the development it is required in the society as well as world.

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by Ravindra Sharma, Managing Consultant, CHEF-India  | 03 25 2010 05:43:05 +0000

Energy sector to most is a part of infrastructure it requires is boost is long long overdue fact. We urgently require to develop alternate solar and wing energies to use is as well a matter of fact. And yet another matter of truth that Governments are almost sleeping over such matters.

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HEALTH & PHARMA SECTOR

idea posted by Elumalai. P Director - Marketing

Recent servey says India has become hub for Healthcare, prodviding international quality & standard at a very reasonable & affordable cost. Lot of paitent from various countries come to India for treatment and get well at a low cost compare to other countries. Paitent incoming is increasing year after year consistantly. Also Pharma industry growing consistantly offering drugs with international quality.

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Capital Goods, Core Sector & Manufacturing

idea posted by M. Prabhakar Rao Author of "Mayhem Of The Miserables!", http://www.smashwords.com/books/view/52075

Capital Goods, Core Sector like Steel, Cement, etc. to support the infrastructure development and Manufacturing for both domestic consumption & export markets.

 

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by Ravindra Sharma, Managing Consultant, CHEF-India  | 03 25 2010 06:10:03 +0000

True yet the truth is one sector that all of us have missed and has grown exponentially is Virtual trade, middlemen and fixers. It may surprise most yet this one never known segment is solely responsible for more money than ever projected in outlays. And unless put an end to we are almost akin to transferring our efforts to wastebins

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by Ravindra Sharma, Managing Consultant, CHEF-India  | 03 25 2010 05:51:50 +0000

Without an iota of doubt manufacturing requires a boost as we are already one of the biggest consumers. While this may be common sense to most of us the planners have missed the point else the state of energy and infrastructure would not have been so apathetic to urgency of requirement. 

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I believe the manufacturing sector has great potential if only we get the qualoty, transparency and the accountability to global standards. This is mostly beacause of the $ to Rs difference. Labour (even with automation) is cheaper in india and that makes the profit margins on goods manufactured in india profitable.

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Bio Technology

idea posted by Omkar Kulkarni Accounts Officer, Minilec(India) Pvt Ltd

I think bio-technology .

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Petroleum Exploration and Refining , Steel, Non Conventional Energy

idea posted by K LAXMINARAYANA RAO Freelancer

India is becoming a leader in Petroleum exploration and refining capacity, Non Conventional Energy, as well as in Steel sector. Consolidting the position in these sectors and developing technologies will help India in the future

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by Ravindra Sharma, Managing Consultant, CHEF-India  | 03 25 2010 05:48:09 +0000

Indeed it was never a good idea to export iron ore or other raw material and import finished goods yet thanks to Government apathy we are continuing thanks to non availability of support infrastructure and more than anything the WILL TO DO.

Without doubt as raw material India is bestowed with best of natural resources yet putting them to good use for non-conventional energies requires application from research to adoption yet we are again too busy in self accumulations that most entrusted do not care.

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Services

idea posted by Azhar Kazmi Professor, King Fahd University of Petroleum & Minerals

Services sector is a potential area where India could have certain competitive advantages. Tourism, hospitality, etc. could be the areas in which we can work to attract investments.

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by Ravindra Sharma, Managing Consultant, CHEF-India  | 03 25 2010 05:56:43 +0000

Provided the requisite supports fall in place this sector may be able to get its growth charts in place.

 

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Automobile

idea posted by jaideep khanduja Head of the Department - QA and Project Management, Confidential

Automobile sector is where India can rely for consistent growth as is visible from the past and present. The growth is going to boom in the years to come.

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Infrastructure

idea posted by RAMARAO BODA Deputy Manager, NAVAYUGA ENGINEERING COMPANY LIMITED

The government is giving good support to Infrastructure.  For example the government has decided to widen the corridor 2000Kilometers per annum.  with this economy will boost.

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by Ravindra Sharma, Managing Consultant, CHEF-India  | 03 25 2010 05:39:33 +0000

Infrastructure requires a push is true Government is doing enough is not true.

Yet if India has to grow this sector surely requires change in mindset.

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idea posted by Prasad PN Zonal Sales Manager

Knowledge Processing in non IT space like legal/accounting services, design and maintenance support for plants and processing plants, remote tutoring and mentoring services and list can go on. Non-IT expertise needs to be marketed agressively.

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Manufacturing sector has to be improved...

idea posted by Shanmugasundaram CEO/MD/Director, Safnnite Solutions India Pvt.Ltd

IT sector is a Pure Outsourcing sector,Service sector.This will bring growth to less percentage of people only.

The ultimate growth should be with Manufacturing sector. As India is a biggest market for all products,tht has to be concentrated more and those kinds of industries should be developed.

Example: Most of the Consumer products marketing companies are not indian companies..HUL,GOLCATE,PEPSI,COKE,BRITTANIA,What else..

Frome abive,we can understand where we are lacking exactly and where we have to concentrate more.

Infrastruction is a basic thing..That has to be developed for the above.

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Retail Industry

idea posted by Sireesha CONSULTANT, CAREERMOVE

I think it may  be Retail Industry in rural areas will be on Top.

0
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Bio-technology

idea posted by Surabhi Sinha Project Manager, Ispat Inds

After becoming an IT bellwether, India is now shifting its focus to the most promising industry of the future, Biotechnology. With its large pool of scientific talent, world-class information-technology industry, and vibrant pharmaceutical sector, India is well positioned to emerge as a significant player in the global biotech arena.

Biotechnology is perceived as a revolution throughout the world. Scientists, through Research and Development (R&D), have developed and are continuing to develop cures for diseases that have affected people for decades and even centuries. So, Bio-tech has a very promissing future ahead.

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Retailing

idea posted by Varun Ideator

Retailing, growing up at a fast pace... and foriegn investors are lukin into India too now...

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Infrastructure.

idea posted by k Rajagopalan Area Manager, Amitex Polymers (P) Ltd.

I feel Infrastructure will be the priority. Still we are much behind from developed countries. WE should develop good roads in cities and urban, power Generation and Housing for all.

K Rajagopalan.

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KPO Toooo

idea posted by vijay Senior Consultant, HyperDimensions

I would like to say that KPO which includes of Market Intelligence and related services, LPO and these kind of services are proud that their demand are increasing from the time when whole World experienced sick....

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Infrastrucure

idea posted by k Rajagopalan Area Manager, Amitex Polymers (P) Ltd.

Infrastructure and Education.

K Rajagopalan

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idea posted by Ankur Agrawal Partner/Principal/VP, PeopleLogic Solutions

I believe the next big thing india could be BFSI sector...

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service

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