India is the world’s largest democracy and Queensland’s fourth-largest trading partner.

Economy

Predicted to be the world’s third-largest economy by 2030, India is undergoing major reforms and embracing pro-business policies to drive its large-scale development program.

Characterised by scale, skill and speed (the ‘3S’ approach), successful business ventures in India are typically either high-volume/low-margin or provide niche products or services.

Trade

Engaging with India requires a long-term strategic focus and commitment.

Rapid urbanisation of 300 million people by 2050 will change the Indian market’s appetite for sophisticated goods and services in the next 5 years.

Public-private partnership models are evolving with the advent of private participation, particularly in telecoms and infrastructure.

Ecommerce is a rapid-growth sector and the e-learning industry is set to grow to US$2 billion by 2021.

India is poised to grow its economy, with a strong focus on modernisation, consumerism, capability development, and skill and capacity building, which bring significant opportunities for Queensland across diverse sectors.

Solar farm in India

India opportunities

CurrentLong-term

Current

  • Coal – both exports and energy development in-market
  • Infrastructure – urban design, architecture, housing, precincts
  • Education and skills training
  • Processed food, horticulture and agricultural technology
  • Mining equipment, technology and services
  • ICT- and health-focused innovation and research collaborations
  • Business incubation hubs

Long-term

  • Sustainable food
  • Professional services
  • Education and training
  • Research and development
  • Sports, entertainment, health, infrastructure and services
  • Renewable energy technology
  • Franchising and services – food
  • Water and environment
  • Digitalisation and schools outreach
  • Infrastructure – interconnectivity
  • Advanced health care, life sciences and tropical expertise
  • Agriculture automation, storage
  • Sports, tourism and mass transit

Sector opportunities in India

The world’s largest workforce with 30% aged 10-25

Education and training

India is the second-largest source market for international students. Indian universities and schools are increasingly interested in collaborating with Queensland institutes on research, exchange programs and articulation arrangements.

India has the world’s largest workforce. with 30% of the population aged 10–25 years.1 The Indian Government plans to train 400 million Indians by 2022.2 Training opportunities exist in the hospitality, sports, retail, mining and construction sectors for training of trainers and curriculum development.

1Ernst & Young. (2014). Reaping India’s promised demographic dividend: industry in driving seat.

2Ministry of Skill Development and Entrepreneurship. (2015).

Target of 1 billion tonnes of coal by 2020

Mining and resources

India has the fifth-largest coal reserves in the world, as well as deposits of other minerals such as chromite, iron ore, bauxite and manganese ore.

Opportunities exist for Queensland’s mining equipment, technology and services companies to provide technical expertise, mine safety, training, equipment and technical collaboration.

$1 billion US for smart practice and smart living

Urban development and services

The Indian Government has committed US$1 billion for urban rejuvenation and $84 million for habitation and development of 100 smart cities. This creates opportunities for Queensland companies to provide urban design, architecture and technology solutions targeting second- and third-tier cities.