Major Sectors in India Attracting FDI Inflows till June 2007 (from August 1991) -
Services (USD 9,443 million)
Electrical equipment (USD 8,964 million)
Telecommunication (USD 4,880 million)
Transportation (USD 3,856 million)
Fuels (USD 2,892 million)
Chemicals (USD 2,465 million)
Construction (USD 1,912 million)
-Success rate for admission to the top technology institutes - IITs is 2%; at 10%
- 250 universities, 1,500 research institutions,10,000 higher education institutes. 3 million new BA’s per year.
- Pool of 23m professionals (graduates/post grads)
– Doctors, Accountants, IT engineers,Engineers
- Post-Graduates increasing by nearly half a million every year
Historically India has been a net exporter of talent – Indians makeup a significant proportion of Microsoft, IBM’s development teams or Intel’s scientist pool
India is fourteenth in the world in factory output. They together account for 26.4% of the GDP and employ 17% of the total workforce. However, about one-third of the industrial labour force is engaged in simple household manufacturing only.
Economic reforms brought foreign competition, led to privatization of certain public sector industries, opened up sectors hitherto reserved for the public sector and led to an expansion in the production of fast-moving consumer goods.
Post-liberalization, the Indian private sector, which was usually run by oligopolies of old family firms and required political connections to prosper was faced with foreign competition, including the threat of cheaper Chinese imports. It has since handled the change by squeezing costs, revamping management, focusing on designing new products and relying on low labour costs and technology.
India is fifteenth in services output. It provides employment to 23% of work force, and it is growing fast, growth rate 7.5% in 1991–2000 up from 4.5% in 1951–80. It has the largest share in the GDP, accounting for 55.4% in 2007 up from 15% in 1950....