Socio-Economics: Some Interesting Statistics on India:-
1. India has something like 9 million enterprises, only 1 million of them are corporations, only maybe less than 10,000 are listed and maybe less than a thousand are traded. It is a very shallow kind of market.
2. Only 50 million Indians have a passport, which is 5%, only 30 million Indians pay taxes, which is 3%.
3. Mobiles phones are 600-700 million, internet connection is about 140 million, growing dramatically with smartphones. Cable is going digital. Aadhaar will be about 800 million in the next two-three years. Bank accounts become universal. We are going to have millions of outlets with online connectivity.
4. If you look at every market of ours, it is very, very shallow. It does not reach everyone – the stock markets in India probably have 15 million shareholders, 1.5% of the population.
5. The currency has devalued because we do not have the depth in manufacturing; it is not big enough. It is only 15% of our GDP. It can create a lot of inclusive growth, given the combination of skilled and unskilled labour required. Indian manufacturing is actually getting a much better image abroad – products are getting accepted, our engineering depth is much better than it was a decade ago, Indian brands are doing well in international markets. We have a lot going for us in terms of potential and we need to address some of the problems whether it is infrastructure or supply chain or raw material bottlenecks.
1. India has something like 9 million enterprises, only 1 million of them are corporations, only maybe less than 10,000 are listed and maybe less than a thousand are traded. It is a very shallow kind of market.
2. Only 50 million Indians have a passport, which is 5%, only 30 million Indians pay taxes, which is 3%.
3. Mobiles phones are 600-700 million, internet connection is about 140 million, growing dramatically with smartphones. Cable is going digital. Aadhaar will be about 800 million in the next two-three years. Bank accounts become universal. We are going to have millions of outlets with online connectivity.
4. If you look at every market of ours, it is very, very shallow. It does not reach everyone – the stock markets in India probably have 15 million shareholders, 1.5% of the population.
5. The currency has devalued because we do not have the depth in manufacturing; it is not big enough. It is only 15% of our GDP. It can create a lot of inclusive growth, given the combination of skilled and unskilled labour required. Indian manufacturing is actually getting a much better image abroad – products are getting accepted, our engineering depth is much better than it was a decade ago, Indian brands are doing well in international markets. We have a lot going for us in terms of potential and we need to address some of the problems whether it is infrastructure or supply chain or raw material bottlenecks.
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