Five Things About India That Blew My Mind
Last week, I attended a event organized by TiE on US-India entrepreneurship (the same one I talked about in my other post) and came home with my mind racing. Of the many great speakers at this event, one was Navjot Singh, a Partner at McKinsey&Co. From his talk and over the course of the evening, I learned the following five things about India that blew my mind:
- According to the McKinsey Global Institute, private consumption in India is set to grow 4.1X in the period from 2005-2025.
- In 2012, India is set to overtake China as the fastest growing global economy.
- By 2010, private equity investment in India is set to reach $20bn (A PE Hub report states that VCs have pumped $2.3bn into India so far this year).
- 40 percent of produce grown in India never gets consumed, due to poor infrastructure and inadequate food preservation.
- Healthcare in India will present a $20bn market opportunity by 2015, including fundamental research, drug development and patient care.
India has made a name for itself in IT services so far, but as the economy and old ways of life slowly transform, the enormity and sheer variety of opportunities in the years to come should boggle anybody’s mind.
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