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Factoids
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Sensex 2007 at a Glance
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- Sensex surged 42% to 19,795.87 from 13,942.2; peaking at above 20,000 levels twice mid-way.
- Trading on a price/earning ratio of about 25 times, up 40% in last two months.
- Indian corporate earnings growth at 20%-25% and the Sensex companies at 30%-40%.
- Nifty touched the highest level of 6,159 ever, a growth of 48%
- Foreign Institutional Investments inflow at $19 billion compared to $8 billion in 2006.
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Growth Outlook - 2008
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- Sensex expected to gain 14% to touch an all time high of 22,600 in 2008.
- Indian economy relatively immune to the U.S. sub prime crisis.
- U.S. Federal Reserve interest rate cut by quarter basis point to spur further foreign investment inflow.
- Sensex up by about 85 points to a new high of 20,375 points.
- Sensex 30 trades on a price/earning ratio of about 23.6 times, compared to UK's FTSE 100 that trades on a price/earnings ratio of 11.2 times; and S&P 500 index trading at 15.9 times.
- India's GDP growth for FY07-08 at 9.4% and 9.8% in the next fiscal, against 9.3% in fiscal ended March 2007: Citigroup
- India's growth pegged at 8.1%-8.6% in 2008, against 8.5%-9% in 2007: Standard & Poor's
- India's GDP growth forecast for 2009 at 8.4% and current financial year (2007-08) 8.6%: Organisation for Economic Cooperation and Development (OECD)
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India- Economic Indicators
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- Manufacturing is the main driver of growth. In the last three years the growth rate in manufacturing has accelerated from 8.7% to 9.1% and further to 11.3% .
- The services sector continues to maintain impressive growth and has recorded, in the last three years, a growth rate of 9.6%, 9.8% and 11.2% respectively.
- India ranks fourth highest in foreign currency reserves at $273 billion behind China at $1.4 billion, Japan at $954 million and Russia at $464 million; ahead of South Korea at $257 billion, Brazil at $177 billion, and Singapore at $158 billion.
- Twelfth largest and the second fastest growing economy in the world,
- India forecast to become the third largest economy .
- GDP of $1 trillion. Growth rate of 9.4% fiscal year ending March 2007,
- Population of 1.1 billion with 70% of people still under the age of 35 .
- 300 million-strong middle class.
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Telecommunications
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- Total telecom subscriber base 260-million
- Wireless services subscriber base increased to 200 million, as of Nov. '07
- Mobile subscriber base in India by 2010 - 348 million
- Total number of GSM mobile subscribers at the end of November 2007 165.8 million
- New GSM mobile subscribers added in the first half of 2007 - 30.57 million
- Countries with more than 100 million mobile subscribers - U.S., China, India, Russia and Japan
- Average monthly new mobile subscribers in the world in the past year: 40 million
- Average monthly new mobile subscribers in India in the past year: more than 5 million
- New mobile subscribers in the world last year: 500 million
- New mobile subscribers in India last year: 50 million
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Information Technology
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- IT-ITeS industry revenue at $39.6 billion in 2006-07, up 30.7% .
- Expected revenue in 2007-08 : $50 billion at a growth rate of 27%.
- Software and services exports revenue in 2006-07 $31.4 billion, growth of 33%.
- Domestic software & services segment $8.2 billion, growth of 23%.
- Within exports, IT services touched $18 billion, a growth of 35.5%, while ITeS/BPO exports grew by 33% to clock revenue of $8.4 billion.
- Engineering services and products exports registered a revenue of $4.9 billion, up 23% over the previous year
- Contribution to country's GDP estimated to be 5.4%, up from 4.8% last year.
- The sector witnessed 135 merger and acquisitions (M&A) deals worth about $3 billion in the calendar year 2007.
- Private Equity investments in the sector – more than $1 billion in 2007.
- Tata Consultancy Services Ltd (TCS) at $4.55 billion is India's largest IT services company with revenue growth of 40.6% in FY 2006-07.
- TCS has a market value of $26.83 billion, is almost double the market value of Electronic Data System Corp. (EDS), U.S. based global IT services company at $14.47 billion.
- Infosys market value at $27.04 billion is also higher than the market value of EDS Corp.
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Real Estate
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- India's Real Estate sector is expected to grow at a compounded annual growth rate (CAGR) of 30% in the next 5 years to $50 billion from $12 billion currently.
- Housing requirement in India at 80 million units over the next 15 years.
- Office space required in India at 200 million square feet over the next five years.
- Overseas funds announced so far for investment in Indian real estate: about $7 billion.
- Foreign Direct Investments (FDIs) in the sector in last 12 months: $600 million.
- Expected FDIs in the sector expected to touch $15-$16 billion by 2012.
- Largest Real Estate Initial Public Offerings (IPO) by DLF Ltd for $2.4 billion oversubscribed more than two times; Market capitalisation $23 billion.
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Automotive Sector
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- Annual Domestic Motor Vehicle Sales (Apr '06 - Mar '07).
- Passenger Cars: 1,076,408.
- Commercial Vehicles: 467,882.
- Motorcycles: 6,553,664.
- India's Car production capacity expected to surpass 2 million units by 2008 from the current capacity of 1.4 million units.
- India is expected to move ahead of U.K. and Canada as a car-producing country by 2008.
- India is the third largest car market in Asia-Pacific after China and Japan.
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Power
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- India's demand for energy to double by 2012 to 200 Giga Watts from current installed capacity of 125 Giga Watts.
- Investment requirements in the next five years $73 billion .
- Total size of India's electric power system is currently 124 Giga Watts.
- Composition:
- Coal fuel comprises 55%,
- Hydroelectric 26%,
- Natural gas 10% and
- Renewable sources 5%.
- Nuclear energy 3% of total installed capacity.
- India all set to become a lucrative market for nuclear energy equipment makers as the U.S. Congress cleared the nuclear deal .
- General Electric Co., the world's second-largest company by market value,
- Russia's state-owned nuclear company Atomprom, and
- Toshiba Corp., which is buying Westinghouse's nuclear unit from British Nuclear Fuels, are vying to enter India's nuclear energy market.
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Merger & Acquisitions and Private Equity 2007
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- Total deal value $68 billion, a growth of 142% compared to $28 billion in 2006
- Mergers & Acquisitions - $51 billion through 661 deals, growth of 150%
- Cross border deals - $48 billion through 348 deals, growth of 220%
- Inbound deals - $15.6 billion through 108 deals
- Outbound deals - $32.73 billion through 240 deals
- Private Equity investments $17 billion, compared to $8 billion the previous year
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Indo-Europe Trade
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- Indo-Europe trade by 2010 to touch $100 billion from $20 billion currently.
- Indo-French trade to touch $10billion by 2010 from $3.5 billion currently.
- India among top 10 investors in U.K. in 2006-07
- No. of Indian companies in London : 500
- Listed companies : 30
- New Projects financed : 76
- New jobs created : 1,449
- Outbound acquisitions by India Inc in Europe - approximately 53% of deal value this year .
- U.K. accounted for about 40% of the outbound deal value at $12 billion.
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Indo-U.S. Trade
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- Trade volume of $30 billion in 2006-07.
- U.S. accounts for 16.8% of Indian exports and 6.3% of its imports.
- India-U.S. bilateral trade expected to double by 2009.
- U.S. accounted for 30% of the outbound acquisitions this year at $9 billion.
- Indo-U.S. Nuclear deal expected to open a lucrative market for nuclear energy equipment makers.
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Indian Industry Facts and Trends
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Automobile
| Biotech | Information
Technology | Media | Pharmaceuticals |
Real Estate | Retail
| Telecom | General |
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