India as an Emerging Market Free Essay Example, 2750 words

The particular Sectors in India’s Industrial Infrastructure that have been key to the economy are in the areas of: automotive, banking, communications, education and infrastructure. In the automotive sector, India has become quite competitive with the industry having both global and local players. India is an original equipment manufacturer (OEM) of: motorcycles, passenger cars, trucks and others; with major global players like Hyundai, Toyota and Bosch and local participants such as Tata, Maruti, Biston and Sundarm (Sennik when all is said and done the local players however usually have the largest shares of the market. The growth in India’s domestic and export automotive markets is often influenced by certain factors such as rising incomes, increasing urbanization, cost competitiveness, skilled manpower, favorable government policies as well as a strong GDP. Therefore, success in the Indian auto market is possible if companies follow a proven pathway. Banking in India has three-pronged regulatory framework: the insurance regulatory and development authority that oversees the insurance industry, the reserve bank of India that often controls scheduled commercial banks, financial institutions, cooperative banks and non-banking finance companies and the last framework being the securities and exchange board of India which often covers mutual funds and capital market intermediaries. We will write a custom essay sample on India as an Emerging Market or any topic specifically for you Only $17.96 $11.86/pageorder now India’s banking sector is strengthened by the large sums of cash that come from the household savings. Foreign banks operating in the country also have a positive track record of flourishing through establishing branches in already existing banks. This is because they are unable to stand independently due to existing entry barriers that are as a result of regulations in place. Banks growth in the Indian market is usually upheld by either one of the four different strategies: Organic growth by investing in green-field presence, investing in already existing financial institutions, forming joint ventures with banks already in place or by launching non-bank financial institutions like funds or fund management services. Of all foreign banks Standard Chartered is the largest and most profitable player in the Indian market. Communication as an industrial infrastructure in India continues to experience great growth and remains highly competitive.