Search results for: 'outlook'

India is on the cusp of a historic economic transformation. It is projected to become the world’s third-largest economy by 2030, with a nominal GDP of $11.46 trillion by 2040. This growth trajectory is underpinned by structural shifts across pillars, including rapid digitalization, green transition, manufacturing scale-up, urbanization, and demogra...

The Indian economy was forecast to record an 11.3% growth in 2021-22, based on prevailing conditions in March 2021. Since then, however, the economic outlook has changed with the start of the 2nd wave of COVID-19. Consequently, a 9.4% growth is anticipated in 2021-22. However, this forecast is subject to changes based on the evolution of the 2nd wa...

GCC’s growing economy and Industrialisation are the biggest drivers of ferrous casting demand. Globally there are over 40,000 foundries, GCC on the other hand is at a nascent stage with 0.2 Million MT of production; Infrastructure and construction are the key drivers of consumption & growth. In the next 5 years the overall KSA Ferrous casting indu...

27 Feb 2020  |  South Asia, Middle East & North Africa  |  Market Outlook

GCC Metal Industry Outlook, 2020

Non-oil Economic Diversification Policies, Localization Drives, and Growing Consumerism will Boost Growth in the Ferrous and Non-ferrous Industries in 2020

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The year 2020 is anticipated to be a step forward for the Gulf Cooperation Council (GCC) region's effort towards non-oil diversification and manufacturing sector growth. The nascence of the metal downstream industry has led to import dependency in the GCC. Government initiatives towards the development of the downstream metal industry have resu...

The macroeconomic outlook for the Middle East is expected to remain modest in 2020, with the expected strengthening of non-oil sectors and increased infrastructure spending in the region. The oil-dependent economies are prioritizing non-oil sectors for economic diversification. Unemployment across the region is expected to fall and remain stable du...

09 Mar 2020  |  South Asia, Middle East & North Africa  |  Market Outlook

Indian Metal Industry Outlook, FY 2019

Backed By Government Policies, Industry Consolidation, and Technology Infrastructure Upgrades, the Metal Industry is Set to Witness a 6% y-o-y Demand growth in FY 2020

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Indian metal market growth in 2019 witnessed global, macroeconomic and industrial factors, such as trade wars, an increase in industry consolidation, plant closures, and restricted imports. The industry’s main objective remained cost optimization, raw material sustainability, and process efficiency. The Indian Government’s flagship programs—Mak...

The Indian tourism market is fast-growing with immense potential due to the country’s rich cultural and geographical diversity. It is one of the major sectors contributing to GDP of the country and is driven by steady economic growth. Tourism’s direct contribution to GDP is expected to grow from $98 billion in 2018 to $106.9 billion in 2019. The Tr...

Education—what was once a largely philanthropic activity has now become a lucrative business with opportunities from pre-school right up to higher education. A considerable portion of India's population is below the age of 25, which highlights the large addressable market. Globally, the Indian school system is the largest, with around 260 million c...

Tamil Nadu is one of the leading states when it comes to the tourism industry in India; the state has been promoting tourism under the ‘Enchanting Tourism’ program. The state has almost a one-fifth share in both domestic and foreign tourist arrivals and its tourism industry is a major contributor to the GDP. The tourism industry in Tamil Nadu is ma...