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Economic 360 for India: Growth Prospects and Emerging Opportunities in the Environmental Industry
Frost & Sullivan, April 2011, Pages: 120
Introduction of economic reforms such as liberalization, privatization and globalization in the 1990's has enabled India to emerge as one of the fastest growing economies in the world. Environmental concerns have come to the forefront causing the Government to focus on issues such as waste management and wastewater treatment. As a result, the demand for clean technology, treatment equipment, air quality monitoring stations and so on are on the rise and present lucrative opportunities.
The environmental industry has taken center stage in recent times and has been accorded top priority by governments in both developed and developing countries. Environment protection is the latest buzzword as nations’ Green consciousness has triggered a spate of environment development activities, especially in advanced regions such as the European Union. Such efforts assume greater importance in the face of environment degradation brought about by accelerated economic development. With international agreements such as the Kyoto Protocol coming into force, even developing economies, such as India, have jumped on the Green bandwagon. The global environmental industry is poised for growth due to the adoption of strong policy initiatives, which are likely to be revised through five-year plans. General economic policies greatly affect the environmental industry, and industry-specific policies provide added thrust. The economy of a country plays a huge role in strengthening and boosting the industry with its effective trade ties and inflows of foreign direct investment (FDI). These factors are vital for the growth of the environmental industry. Social and infrastructural developments also provide support to the industry.
With India’s pollution levels becoming one of the highest in the world, the country’s Government has put into motion several environment protection plans. The country has strengthened its resolve to lower greenhouse gas emissions after participating in international climate conferences. The Government recently passed the National Green Tribunal Act to oversee matters related to the environment. India weathered the economic downturn fairly well and this allowed the Government to allocate significant funds to environmental activities, especially water and wastewater treatment, in the 2010-2011 budget. The Government has also bolstered the environmental equipment and services industry with its focus on air pollution monitoring and solid waste management services. Initiatives to curb pollution by encouraging pollution abatement equipment and sophisticated treatment methods are also underway. Regional and infrastructural opportunities, coupled with favorable political and economic policies, will further boost the environment industry in India.
Economic 360 for India: Growth Prospects and Emerging Opportunities in the Environmental Industry is Frost & Sullivan’s Country Industry Forecast service, which provides vital inputs for evaluating the attractiveness of a country and its environmental industry. Apart from enabling decision makers to assess the impact of non-market forces, it also helps in identifying new market opportunities. This service provides a strong base for preparing contingency plans. In addition, investors can assess industry-specific risk factors as well as conduct a more in-depth micro research.
Benefits:
The following benefits are offered by this research:
Identify New Market Opportunities
The trends of the economic environment of India have been analyzed along with their impact on the environmental industry. This analysis will provide valuable information to industry participants on opportunities in specific segments of the industry in India.
Understand Future Industry Trends
The research service gives an insight into the Indian environmental industry, discusses its dependence on the prevailing economic scenario, and describes the various infrastructure developments in the industry. This will help industry participants to gauge the future direction of the market, enabling them to devise appropriate strategies to improve market share.
Comprehend the Economic Environment
A detailed analysis of the economic framework of India’s environmental industry provides insights into the current economic parameters and the future direction of the same. This is particularly beneficial in the case of the environment industry, as these economic indicators form an important criterion for industry performance.
Devise Country Entry Strategies
The study provides valuable information and analysis of the strengths and weaknesses of the economy of India. This is particularly useful in devising country-specific strategies for industry participants.
Evaluate Industry Segment Potential
This study offers a detailed coverage of economic and infrastructure indicators affecting the industry and their future direction. It provides both country and industry trends and forecasts for major variables and is an excellent tool for companies that are planning to enter new geographic markets. This will help corporate planners in developing accurate business plans.
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