India booming despite economic crisis

Healthcare and Medical Technology

Environment

India has one of the most rapidly growing economies in the world, after China. By the middle of this century, it will probably have the largest population of any country on earth and rank third in a comparison of GDPs, following China and the United States.
 
At present, lower industrial growth, declining investments and sinking exports are slowing down economic growth somewhat. However, the GDP forecasts from the Center for Monitoring Indian Economics (CMIE) indicate growth of 8.2 percent for fiscal year 2008/2009 (April 1, 2008 – March 31, 2009).
 
Although the World Bank has stated that the Indian banking sector has also been affected by the global financial crisis, its financial sector is expected to remain stable. It is still too early to estimate the effect that lower investment volume due to a restricted flow of credit will have.



Source: Bundesagentur für Außenwirtschaft




Source: Bundesagentur für Außenwirtschaft

India's environmental sector remains underdeveloped, and it still faces several challenges, especially in the areas of sewage treatment and waste removal. India is expected to invest 45 billion Euros in sewage treatment between now and 2015 and some 400 million Euros in waste removal between now and 2010. Treatment-system capacities no longer meet requirements, especially in municipal centers such as Delhi and Mumbai. Only 20 to 25 percent of sewage can be treated. India's priorities include upgrading and equipping sewage-treatment plants, pumps, irrigation technology for agriculture, chemicals for water treatment and consulting in the field of water management to improve efficiency.

Source: www.gtai.de