The economic outlook for India is positive. India is today one of the six fastest growing economies & one of the most exciting emerging markets in the world with a GDP growth rate of over the 8%.
Water Management in India
In India, the scarce water resources at present will intensify with the ever-growing population, industrialization and agricultural usage. The availability and quality of water has to be improved and measures for water conservation expedited. The Indian water sector consists of: a) drinking water/ bottled water segment and, b) wastewater treatment equipment segment; and both are growing at a high pace due to increasing health awareness and scarcity of clean water. The total Indian water market is estimated to be about USD 4 billion, growing at a rate of 15-20% every year. The water requirement for industrial use will increase from the current 30 billion cubic meters to 120 b.cu.m. by 2025. The bottled water market is growing at 55% annually.
Global players in the field of water are keenly watching the developments in India that has suddenly come to mean big money due to the Govt. policy of privatization in this area.