IndiaStockMarket.com a global investor website for investing in India within Investorideas.com reports on the rapid economic growth story in India and some of the key sectors that are impacted. With an economy growing at nine percent, spending and innovation in technology across personal computers, cell phones, greentech and digital media is on the rise.
India’s Media and Entertainment is accelerating and according to industry stats, was worth INR402.43 billion (USD9.12bn) in 2006, a growth of 13.98% over 2005, which is higher than GDP growth rate. “It is expected that the industry will grow at a CAGR of 34.17% during 2006-10. “
At the Seoul Digital Forum, Sumner Redstone, Chairman of Viacom and CBS Corporation stated in his keynote,” Governments in China and India are starting to take an active interest in reinforcing copyrights, "if only to protect their own home grown content."
USA Video Interactive Corp.'s (OTC BB:USVO), (TSX.V:US) recently announced that four production and distribution companies in Bollywood, the world's largest film and entertainment industry, based in Mumbai, India, will be deploy their unique digital watermarking product, MediaSentinel™, to protect against piracy domestically and internationally. The companies will begin using MediaSentinel™ through PIO TV Pvt. Ltd. (pioTV.com), India's only digital integrated media Platform Company.
Shemaroo Entertainment, an Indian company and distributor of Indian films, recently reported it expects to grow at a compounded annual growth rate (CAGR) of 30 to 35 per cent over the next three years but also raised concerns over video-piracy, which causes the company Rs 650 crore in revenue-losses.
In the cellular sector, Reliance Communications Limited, (BOM:532712) an integrated communications service provider with an individual, enterprise and carrier customer base of over 30 million announced Financial results for the year ended March 31, 2008 with net profit up by 70.8% and revenue higher by 31.8 %. Reliance is the most profitable integrated telecom company in India, which has grown to become the world's second biggest cell phone market, following China. India grew to a 200-million cellular subscriber mark as of September 2007.
In the tech sector, according to recent reports at idcindia.com, “India’s information technology and IT-enabled Services (ITeS) industry will more than double in size by 2012.”
IDC also announced data earlier, “During calendar year 2007 the overall India Server market factory revenue grew by 24% over calendar year 2006 to touch US$ 727 million* and unit shipments grew by 19% to 135,615 during the same period. Apart from traditional sectors like telecom, BFSI and manufacturing, 2007 also saw the emergence of retail and construction as key demand drivers.”
Other research from IDC India notes, “The India Client Personal Computer (PC) market crossed yet another milestone to ship nearly 6.5 million PCs in a calendar year, thereby recording 20% year-on-year growth in unit shipments (compared to 5.4 million units in CY2006).”
From Tech to greentech, business leaders at a US-India renewable energy conference in Washington noted that ”India's role as a hub for US technology companies could be mimicked in the renewable energy market”, calling for greater deregulation and a global price on carbon emissions to help spur growth in alternative fuel sources.
With rapid economic growth, rising incomes, an increasing number of Billionaires and Millionaires, Forty-four per cent of the Top 100 Fortune 500 companies setting up offices in India, just like China, is a force to be reckoned with.
Facing challenges of rising food costs and oil costs as challenges, India looks ahead to innovation and technology for answers.
India Showcase Company
USA Video Interactive Corp. ("USVO") designs and markets technology for delivery of digital media. USVO developed its MediaEscort™, MediaSentinel(TM) and SmartMark(TM) digital watermarking products and technology to provide a robust means for producers and distributors to invisibly protect their content. USA Video Technology Corp., a wholly owned subsidiary of USVO, holds the pioneering patent for store-and-forward video, filed in 1990 and issued by the United States Patent and Trademark Office on July 14, 1992; it has been cited by at least 165 other patents. USVO holds similar patents in Germany, Canada, England, France, Spain, Italy, and Japan. Visit the company showcase on Investorideas.com for more information.
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