India is the world’s largest, politically-active democracy and the tenth largest economy with a GDP growth rate of 5.5% in 2013. Half of its 1.2bn population are under 25 and 30% live in urban areas.
The services sector, especially information technology, continues to be the major source of economic growth. Services account for more than half of India's GDP output and employ less than one third of its labour force, currently estimated to be 471 million workers, making it the second biggest workforce on the planet.
India’s economy is being transformed by the highly entrepreneurial and rapidly globalising private sector. Combined with massive government infrastructure investment and a legally binding commitment to reduce poverty and end hunger, there are massive opportunities for exporters.
Current Key Sectors
Cold Chain Supply
India produces of 63.5 million tons of fruits and 125.89 million tons of vegetables, every year. India is also the largest producer of milk (105 million metric tons per year) and produces 6.5 million tons of meat and poultry and 6.1 million tons of fish. In addition to huge size of agro industry, the pharmaceuticals industry in India is the world’s third largest in terms of volume and stands 14th in terms of value.
The Cold Chain Industry in India is driven by;
Huge government infrastructure investment in cold chain facilities, particularly surround the ‘Golden Quadrilateral’ of Delhi, Mumbai, Chennai and Calcutta along with massive growth in organised retail
Government investment and focus on preservation of food and other essential items, as part of legally binding commitment to eradicate hunger amongst the world’s biggest population of 1.2bn.
A population of 1.2bn, which is growing rapidly