Since every business sector suffers from the current global crisis, and everyone is talking about business slowing down, there are still several sectors in India that will grow in this unfavorable situation. Let's see.
1. Food
No one can survive without the main food material, such as milk, vegetables and drinking water. Food processing companies will not be greatly affected and will most likely profit from higher prices. These are basic needs that we, as an ordinary person, cannot produce by ourselves.
According to MFPI, India’s food industry has seen growth, even when the world is facing a recession. According to the minister, currently the industry is growing at 14 percent against 6-7 percent growth in 2003-04. The Indian food market is estimated at more than $ 182 billion and accounts for about two-thirds of the total retail market in India. In addition, the retail food sector in India is likely to grow from about $ 70 billion. US in 2008 to 150 billion dollars. USA by 2025
2. Railway
Since the aviation sector has suffered greatly as a result of the sharp increase in rates for airline tickets, frequent travelers prefer railways to reduce travel costs, and this will lead to an increase in traffic on railways and long lines at railway booking racks. Indian rail freight traffic continued to grow in the past few months, albeit at a slow pace, indicating only a minor effect of the global recession on the Indian economy.
During the nine months ended December 31, 2008, the railways registered an increase of 13.87% to $ 57.86.90. While total revenue from freight increased by 14.53% and amounted to 40,082.2 thousand Rupees over this period, revenues from passenger traffic increased by 11.81%, amounting to 16.242.44 crore crores. Railways increased freight revenues by increasing the axle load, improving customer service and adopting innovative pricing strategies.
3. BP banks
As can be seen from the private sector, most of the job cuts are due to the global slowdown, its BP sector banks, who deserved greater confidence in the safety and security of labor. More and more people are likely to turn to government agencies, especially banks, in search of safety and security.
The “Opportunities in the Indian Banking Sector” report, conducted by RNCOS on market research, predicts that the Indian banking sector will grow with a healthy cumulative annual growth rate (CAGR) of about 23.3 percent until 2011.
4. Education
Because education is seen as a basic need, and in India it is seen as a long-term investment by parents, and there is still a huge supply shortage with respect to demand. A passion for studying at a foreign university among Indian youth is still alive, which will encourage a foreign academic institute to focus on India, providing a huge young population that wants to join. In recent years, we will see more and more foreign educational institutions appear in India.
Huge government, as well as private investment, is likely to flow into the Indian education system. DE Shaw, a $ 36 billion global private equity investment company, plans to invest about $ 200 million in the Indian education sector.
5. Telecom
People will not stop communicating with each other due to global crises, but it has been noticed that it will increase significantly, especially in mobile communications. With cheap cell phones available in the Indian market and cheaper call rates, the sector has become a necessity and a primary need for everyday life.
The telecommunications sector, according to industry estimates, 2008 began with a subscriber base of 228 million and is likely to end with a subscriber base of $ 332 million - a full century! The telecommunications industry expects to add at least another 90 million subscribers in 2009 after a recession. The Indian telecommunications industry is one of the fastest growing in the world, and India plans to become the second largest telecommunications market in the world by 2010.
6. IT
The latest news has shown that the Indian IT sector will grow by 30-40% next year. On the other hand, in order to survive in the current slowdown, industries have to reduce costs, and for this they resort to individual IT solutions, which will further increase the demand for software solutions.
India is fast becoming a hot spot for outsourcing electronic publishing. According to a report by the Confederation of Indian Industry (CII), the industry grows by 35% annually, and India's outsourcing capabilities in value added and basic services like copy editing, project management, indexing, media services and content deployment will help make the BPO industry publish. worth $ 1.46 billion by 2010.
7. Health
India, in the case of medical facilities, still has enough stock. In the health sector, there is also a huge gap between supply and demand at all levels of society. However, there are so many urban areas that it is hardly possible to find any specialized hospital. And in the case of the metro market sentiment itself necessitated psychological counseling.
It is expected that health care, which represents an industry of $ 35 billion. USA in India will reach more than 75 billion. Dollars. US by 2012 and $ 150 billion. United States by 2017. The health care industry is interesting because it seeks to become a global center because of the excellent benefits it has in clinical excellence and low costs.
8. Luxury products
The high and rich class of society will not be greatly affected by these global crises, even if their value is significantly reduced. They will not change their lifestyle and will not stop spending on luxury goods. Thus, a luxury product market will not be affected, and in fact, these rich people will spend more on it to maintain their lifestyle. Luxury automakers pour in to enjoy the nouveau riche (Audi, BMW - the most recent participants).
According to recent research in the field of luxury trends, the number of families with annual incomes of more than $ 230,000 will more than double from 20,000 in 2002 to 53,000 by the end of 2005 and will increase to 140,000 by 2010.
9. M & A & Marketing Consultants
Since in the current business the slowdown in survival will be the main focus, marketing and management consultants will be called upon to cut costs and show ways to survive and stay in the market. Others may come together to deal with this situation, together they will require marketing and mergers and acquisitions consultants. In the fast-growing market, there are growth strategies and M & A opportunities for consulting. When companies shrink, consultants will be there to help clients decide where to use the ax.
According to the estimates of the Ministry of Commerce and Industry, the current size of the consulting industry in India is about 1 million Rupees / - crores, including exports, and it is expected that they will grow further at CAGR. 25% in the next few years
10. Media and entertainment
In these bad times, when people lose their jobs and get enough time to watch TV, they will be looking for entertainment at home, and therefore advertising revenue will increase for commercial channels. In addition, matters such as the production of religious texts and religious materials, religious channels, will succeed. TRP religious channels will increase compared to other entertainment / commercial channels.
According to a report published by the Federation of Indian Chambers of Commerce and Industry (FICCI), the Indian M & E industry is expected to grow at a cumulative annual growth rate (CAGR) of 18 percent and reach $ 23.81 billion by 2012. According to a PWC report , the television industry in 2007 was 5 billion 48 billion dollars. United States, registering an increase of 18% compared with 2006. In the next five years, it is likely to grow by 22% and cost US $ 12.34 billion by 2012.
