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Top 20 Business facts you should know about India

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I publish these lists from time to time. They serve as a quick reference points and enhance individuals knowledge to a large extent.

Some of the earlier lists that have been published here on Trakin are:

15 little known facts about India
13 reasons for success of Indian software industry
Top 10 reasons why you should be an Entrepreneur
Which is the most creative television advertisement in India till date ?

Here are the Top 20 business facts you should know about India:

  1. India continues to be the best place to start a business, says a global services location index by AT Kearney.
  2. India’s foreign exchange reserves stand at US$ 200 billion.
  3. India has displaced US as the second-most favoured destination for foreign direct investment (FDI) in the world after China according to an AT Kearney’s FDI Confidence Index
  4. Poised at a phenomenal growth of 500 per cent, the Indian insurance industry is expected to reach US$ 60 billion in the next four years.
  5. India adds about five million telephone subscribers every month. The total number of subscribers is expected to reach 250 million by the end of 2007.
  6. India has one of the largest road networks in the world, aggregating 3.34 million kilometers. It comprises 66,590 km of National Highways, 1,28,000 km of State Highways, 4,70,000 km of Major District Roads and about 26,50,000 km of other District and Rural Roads.
  7. Indian ports handled cargo of around 570 million tonnes in 2005-06.
  8. In 2005-06, the passenger traffic rose by 25-30 per cent and is expected to grow by 25 per cent year-on-year over the next five years. While international and domestic air traffic grew by 35 per cent, cargo witnessed a 12 per cent growth.
  9. India is the Sixth largest crude consumer in the world.
  10. India is the Ninth largest crude importer in the world.
  11. India has the sixth largest refining capacity – 2.56 million barrels per day representing 2.99 per cent of world capacity.
  12. Estimated to be a US$ 350 billion industry, the Indian retail sector is growing at a growth rate of 47%..Wow !
  13. The travel and tourism sector in India is generated a total demand of US$ 55,544.5 million of economic activity in 2006, accounting for nearly 5.3 per cent of GDP and 5.4 per cent of total employment.
  14. International Iron and Steel Institute (IISI) has ranked India as the seventh largest steel producer in the world with an overall production of about 40 million tonnes in 2006.
  15. India exports US$ 6 billion worth of garments.
  16. India is the largest consumer of gold jewellery in the world and accounts for about 20 per cent of world consumption.
  17. India is the largest diamond cutting and polishing centre in the world.
  18. India is the second largest producer of rice and wheat in the world; one of the largest producers of sugar, sugarcane, peanuts, jute, tea and an assortment of spices.
  19. The Indian pharmaceutical industry, consistently growing at 9.5 per cent in the last 5 years, could zip at 13.6 per cent between 2007 and 2010 and reach a market size of US$ 9.48 billion by 2010 from its present level of about US$ 6.2 billion.
  20. Healthcare delivery is one of the largest service-sector industries in India. The country will spend US$ 45.76 billion on healthcare in the next five years.

Do you want to add the 21st point, leave a comment and I’ll add it to the list.

"Top 20 Business facts you should know about India", 5 out of 5 based on 1 ratings.
  1. Abuthaheer Riyaz says

    super………..

  2. Vikram Parasmal Mutha says

    wow…jai ho india!

  3. Abhishek Kumar says

    hiii
    India has added the highest number of mobile subscribers in the world during August 2006 beating China’s monthly increases, although its base is nearly four times that of India !!!

  4. Abhishek Kumar says

    hiii
    India has more post offices than any other country !!!

  5. Abhishek Kumar says

    hi guys…
    The largest employer in the world is Indian Railway System, employing over a million people !!!

  6. thilak says

    sir this is very helpful especial for the students were thy can get to know about our counties statues and the value for our country and this is even useful to start a business and i want you to provide more information about our countries economic condition and in what situation is our country now and also why is still not developed and what the government has to do for develop our country …then what are the rules to be followed by our youth peoples to make our country more stronger in the world

    thank you,
    jai hind…..

  7. GURUDUTT BISWAL says

    sir i am wanting to start my own business guide me please.

  8. Mayank says

    Dear Sir,
    After reading the above 20 business facts,the desire in me to start my own business Sir I have done my graduation & now i am Pursuing MBA from ICFAI Distance Education,I need an able adviser who can advise me how should i go forward in beginning my business.Sir I thus require your expert advise,I hope i will get a reply soon.
    thank you.

  9. Anuj says

    Dear Sir,
    After reading the above 20 business facts about India,the desire in me to start my own business has greatly increased.Sir I am a student,in final year of my graduation,I need an able adviser who can advise me how should i go forward in beginning my business.Sir I thus require your expert advise,I hope i will get a reply soon.
    thank you.

  10. srinivas says

    Dear Sir,

    You have made a yet another good work.

    India’s Foreign Exchange Reserves already crossed US$ 225 billion. To be more precise, reserves stood at $ 228.996 as on 10-8-2007. However one can’t be sure whether reserves stays above 225 billiion us dollars in view of the present situations of Indian Stock markets.

    Though not officially declared by IISI, India is now 5th largest producer of Crude steel in the world. An expert committee set up by the Union ministry of steel, which went into the issue of under-reporting of capacity and production data, has recently revised the production figures for crude steel in the calendar year 2006 to 49.45 million tonnes as against 44 million tonnes, which puts India in the seventh position among global steel producers.

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