Areas of focus in health include :

  • Prevention of Fatal diseases such as Tuberculosis,
  • Non-communicable diseases (NCDs),
  • Diabetes
  • Geriatrics and Aged Care.
  • Mental Health

Opportunities in India

More than 250,000 Indians die from tuberculosis each year and a growing consumer class are willing to spend on healthcare. Heart diseases, diabetes and obesity are accountable for about 60 per cent for deaths in India currently and a rise in the awareness of Health insurance and spending is the trend. 109 million people in India are expected to suffer from diabetes by 2035 and an Awareness of Health and wellbeing is growing in India. Growth of the elderly (over 65) will increase from 6 % to 13 % by 2050. Awareness of elderly care and facility services are increasing due to the increase of nuclear families and the second generation migration both interstate and internationally.

Key focus areas  include :

  • Rise in International students being sent abroad
  • Vocational Training & Upskilling
  • Delivery and management of Online courses

Opportunity in India

Parents willingness to send their children abroad 47 % in 2016 to 62 per cent in 2017 according to HSBC report; 70 % of Indian parents are willing to take on debts to fund education higher than the global average 60 %. India requires a further 200,000 secondary schools, 35,000 colleges and 700 universities to meet growing demand although its additional capacity for over 40 million students in the last two decades. Urbanisation of India’s population will create the need for new domestic jobs in capital-intensive manufacturing and services. This will create a demand for highly skilled and semi -skilled workforce to cater to the jobs. And in order to achieve this India needs to focus on appropriate education and training (both vocational and and higher studies) to cater to the demands.Indian government projected a need for 120 million skilled workers by 2022 and high demand for vocational training.

The urbanisation of the world’s largest rural population brings enormous opportunities and challenges. India’s urban population is expected to reach 640 million by 2035.Improving transport infrastructure is critical to the liveability of India’s cities. It is also central to India’s productivity and the competitiveness of sectors such as agriculture and manufacturing.

Key focus areas include :

  • Infrastructure development
  • Large-scale rail and road connectivity projects
  • Urban development and associated infrastructure such as Roads, Aviation, Railways and Shipping.
  • Multi-modal Logistics

Opportunities in India

Transport is expected to attract the majority of infrastructure investment in India out to 2035. The need for capital is immense. Issues around land acquisition and dispute resolution could keep the sector from reaching its potential. The Indian Government is actively seeking foreign investment to finance its with the creation of new investment vehicles and financing models. Investment is a major source of growth for India. Urbanisation drives demand for inputs across sectors (such as metallurgical coal and iron ore for steel production) and shapes India’s use of energy. The Indian Government is focusing on improving basic services such as sanitation and housing. Water management is a serious challenge, with most of India’s large cities already facing water shortages on a daily basis.

India’s road quality has immense potential to improve, despite India’s roads carrying 90 per cent of passenger traffic and 65 % of freight. Air passenger traffic is forecast to multiply by four times and cargo traffic by six times in the next twenty years; India’s existing airport infrastructure is underutilised.

Despite the cost-efficiency of coastal and inland water transportation, India’s ports tend to be small, lack draft for larger vessels, and are inefficient .An average 4.5 day turn-around time, versus one day in China and 1.2 in the United States.
Port links to road and rail connections are underdeveloped in certain areas. Intermodal freight planning and optimisation in the transport infrastructure sector is lagging and inefficient transport logistics constrain the competitiveness and productivity of the Indian economy .
An important segment is cold-chain logistics that are underdeveloped, affecting trade in perishable food and vegetables and other agriculture commodities and impacting farmer income.
West Bengal has five potential sites that offer the opportunity to develop end-to-end logistics parks with multi-modal capabilities — Dankuni, Durgapur, Tajpur, Malda city and Siliguri.
Potential to mobilise investments worth USD 1.5 billion and generate as many as 30,000 direct jobs and up to nearly one lakh indirect jobs.The market size of the state’s logistics sector will reach USD 20 billion by 2020.

Key focus areas include :

  • Conventional Commodities
  • Renewable technologies
  • Grid management
  • Fossil fuel generation efficiency
  • Energy Efficiency

Opportunity in India

India’s demand for energy will increase significantly out to 2035, driven by economic growth, urbanisation, rising incomes and industrial activity .Energy consumption is forecasted to grow at around 4.5 % annually to 2035. There are opportunities to promote Australia as a destination for Indian investment in the energy sector and build targeted relationships with decision makers to align regulatory efforts. Explore opportunities with third parties on energy technology to support India’s participation in global energy organisations and work with India in international institutions to foster a knowledge partnership on technologies and systems .

Key focus areas include :

  • Joint ventures
  • Blockchain
  • Cybersecurity
  • Fintech start ups

Opportunities in India

In 2016–17, Australia exported $54 million in financial and insurance services to India and imported $31 million. The biggest opportunities in financial services will be in joint ventures and investment rather than exports. India is attuned to the need to develop a better understanding of blockchain if the technology is to be used for economic modernisation. Another important issue is around Financial services organisations facing some of the most challenging threats to their cybersecurity as the convenience of modern consumer banking – including ATMs, point-of-sale systems and mobile banking. Cybercrimes have vastly increased the number of endpoints that need to be protected. There is opportunities to provide support for Australian fintech start-ups to establish themselves in India.

India’s urban populations will grow substantially out to 2035. Without significant investment, India’s urban infrastructure gap will continue to widen. India has major, nationwide programs underway and an appetite for investment and expertise. Key focus areas include :

  • Urban water supply
  • Affordable housing
  • Waste
  • Transport and Road safety

Opportunities in India

No Indian city receives piped water 24 hours a day, seven days a week. 47 % of households have individual water connections Average duration of water supply in urban areas is one to six hours per day Around 40 % of available water in India is unusable for any purpose. There are 65 million slum dwellers in India according to 2011 census data and at current rates 38 million urban housing units will be needed by 2030. Waste collection services cover 70–90 % of needs in major cities, but less than 50 % t in smaller cities less than 30 % of solid waste is segregated. Additionally, although India has about 1 % of the world’s vehicles it accounts for more than 10 % of global road fatalities. In essence , improved water resource management, waste management services and Intelligent transport systems for Road safety are required to set forth urban development.

India is seen as a pioneer in making significant advances with relatively low funding levels. Investments in Science and Innovation will be crucial for India to sustain its economic growth through to 2035. Currently, several world -standard technology clusters and start -up ecosystems exists in India. Science and innovation will be crucial to India maintaining its economic growth out to 2035. Despite relatively low funding levels, India is making significant advances. It benefits from a large talent pool and several world-standard technology clusters and start-up ecosystems.

Opportunity in India

In 2015, the spend was 0.9 % of GDP, compared to 1.9 per cent in China, 2.7 % in the United States and 0.6 % in Australia but despite relatively low funding, India performs well on innovation relative to its GDP per capita. India has become a global research and development hub for sophisticated sectors like network equipment, medical equipment, aerospace, automotive, biotechnology and computation.
India has 25 innovation centres and has been ranked as the top innovation destination in Asia.

In 2017, India ranked 60 on the Global Innovation Index, up from 81 in 2015, driven by increased investment from private institutions and improvements in the capture and use of data – the 2017 Global Innovation Index ranked India second for innovation quality for middle income countries.

Close to 800 leading companies from around the world have set up research and development centres in India – Google Capital (a venture capital fund financed by Alphabet Inc) has announced it will establish its first office outside the United States in India – in 2015 Rio Tinto established its big data Analytics Excellence Centre in Pune .The research ecosystem in India presents a significant opportunity for multinational corporations across the globe due to access to technical talent , low wages , proximity to regional markets. India has a vibrant entrepreneurial scene that is producing numerous affordable innovations.

Out to 2035, India’s increasing urbanisation, rising household incomes and industrial activity will drive demand for greater volumes of key Australian resource commodities. Australian resource exports to India, particularly metallurgical coal, but also copper and gold, will continue to make up the bulk of our merchandise trade. India is one of the most important future markets for Australian METS companies. As India grows and seeks to modernise its mining sector, METS will increase across the board. Australian METS companies have a competitive edge, particularly in the coal value chain and beneficiation.

Key focus areas include :

  • Metallurgical coal
  • Iron Ore
  • Copper
  • Gold

Opportunity in India

A number of Australian METS companies have an established local presence, or use a local partner, in India. This investment, while modest in overall dollar terms, has the potential to grow and create Australian company clusters . To an extent, this is already taking place in Kolkata (West Bengal), a regional hub for METS and a gateway to the mineral-rich states of Jharkhand, Chhattisgarh and Odisha.

India’s National Steel Policy 2017 sets a highly aspirational steel consumption target of 255 million tonnes per annum by 2030 (India’s crude steel production is currently around 100 million tonnes). This would require around 196.4 million tonnes of metallurgical coal per annum – an expected growth in demand of 4–5 % per annum from 2016 to 2030. By 2030, over 90 % of India’s metallurgical coal demand is expected to be met by imports.

Indian demand for copper is being driven by urbanisation, increased rollout of electrical transmission networks, and the manufacturing sector. India has limited copper ore reserves, constituting just 2 % globally, and imports around 95 % of its copper requirements as concentrates.

Opportunity In India

India has set a target of producing 28 million tonnes of pulses by 2025 under its ‘Pulse Program’ but even if this is achieved India might need to import 5–10 million tonnes. Australia could potentially export 4 million tonnes by 2035.India’s textile industry (currently worth USD108 billion) is the second largest employer after agriculture, especially for women.India is the largest milk producing country in the world, with production of 156 million tonnes in 2015–16. Demand for milk is growing at an average 7 % per annum while milk production is growing at 4 % with strong demand for value-added milk products.

Opportunity in India

India is one of the world’s fastest growing outbound travel markets In 2017, 23 million Indians travelled overseas, with this figure expected to approach 70 million by 2035. Growth in India’s outbound tourism market is driven by , rising personal income levels and changing lifestyles for the burgeoning consumer classes , affordable airfares and diverse travel packages , India’s 30 million strong diaspora and international student base which serves as a pull factor for those visiting friends and relatives. Technology-led travel research and booking platforms are increasingly accessible to the average Indian consumer .