IRVING, Texas, Aug. 8, 2014 /PRNewswire-iReach/ -- Indian economy is dominated by service sector which contributed approximately 69% to the total GDP in 2013. Wholesale and retail trade contributes 23% and financial institution and real estate contributes 17% which play a vital role in economic development of India. The Indian government encourages foreign investment in the automobile sector and allows 100% FDI through automatic route. It is one of the key industries in India, which is attracting many leading players in to the country such as Mercedes Benz, BMW, Volkswagen, Toyota, Honda, Ford, Hyundai and General Motors. Indian GDP is expected to reach at $3.09 trillion at the current price by 2019.
Lucintel, a leading global management consulting and market research firm, has analyzed the political, economic, social, technological, legal, and environmental factors of India, and has come up with a comprehensive research report "PESTLE Analysis of India 2014". This report provides an analysis of the Indian economy from historical, current, and future perspectives. SWOT analysis, growth scenario analysis, and risk analysis of India are also included in the report. The report also includes forecast of the economic growth through 2019.
The report highlights various drivers and challenges which have influence on investment decisions in the economy. India is a politically stable country which makes it an attractive destination for investments. It is a land of abundant natural resources like coal, iron ore, manganese ore, mica, bauxite, titanium ore, and chromite. India is the World's third largest exporter of Iron ore as in 2013. India has strong foreign exchange reserves and is ranked 10th largest country in terms of foreign exchange reserves. There lie huge investment opportunities in sectors such as healthcare, education, residential housing, banking and financial sector. Demographic dividend acts as strength for India's population of 1.24 billion in 2013.The country's young population is approximately 54% of total population, leading to high domestic demand. Increasing current account deficit and trade deficit are few major challenges of the country.
This 76-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents and pricing information on these timely, insightful reports, contact Lucintel at +1-972-636-5056 or via email at email@example.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, market insight, and cost efficiency. You can also contact us through Live Chat in its website to answer your questions in real time.
Lucintel, the premier global management consulting and market research firm creates winning strategy for growth—whether you need to understand market dynamics, identify new opportunities, or increase your profitability. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M & A and due diligence services to executives and key decision-makers in a variety of industries. Over the last 15 years, Lucintel has served over 1,000 corporations in 70 countries. For further information, visit www.lucintel.com.
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