The consumer services industry that has historically evolved from the needs of the end consumers, is today at the threshold of witnessing unprecedented growth. Rising average income levels, growing disposable incomes, unprecedented growth of the new middle class, ever changing technologies and changing lifestyles are contributing the addition of new and innovative consumer services.
India is expected to emerge as the world’s largest consumer market with aggregate spending of $13 trillion by 2030, surpassing the likes of China and the US, according to a Deloitte report. A big chunk of this spending will happen through the rapidly growing consumer services industry. Thus, within the Services sector, consumer services industry has begun to emerge as the sunrise industry for investors and entrepreneurs.
India has the most number of pharmaceutical manufacturing facilities that are in compliance with the US Food and Drug Administration (USFDA) and has 500 API producers that make for around 8% of the worldwide API market.
Indian pharmaceutical sector supplies over 50% of global demand for various vaccines, 40% of generic demand in the US and 25% of all medicine in the UK. The domestic pharmaceutical industry includes a network of 3,000 drug companies and ~10,500 manufacturing units. India enjoys an important position in the global pharmaceuticals sector. The country also has a large pool of scientists and engineers with a potential to steer the industry ahead to greater heights.
The 21st century is earmarked as Information Technology driven and India is at the Centre of global attraction and considered as a knowledge powerhouse. The IT industry covers IT services, IT-enabled services (ITES), e-commerce (online business), Software and Hardware products. IT based services are indispensable for any organization to increase productivity, ease of doing business, and grow efficiently and economically in this competitive world. Information Technology not only contributed to the economic growth of the country but it has also made governance more competent and approachable. It has made access to government services and information easier and inexpensive. Information technology has also made management and delivery of government services – such as health services, Educational information, consumer rights and services etc. more meritorious with enhancing transparency. The IT industry is the backbone for our economy to prosper exponentially and to generate millions of jobs. Growth in the IT sector will push us to grow at par with China in every sector and will help in grabbing the global market. This will improve the socio-economic status of Indians.
What are the top consulting firms in India for Digital services? The top Digital consulting firms in India list presents the country’s leading consultancy firms specialised in Digital, based on our unique database of more than 1 million data points spanning insights from clients and consultants.
Capabilities are assessed on the breadth of depth of Digital offerings, advisory and implementation expertise in Digital, the track record of consulting projects delivered in the area of Digital and the quality of thought leadership.
"Tusthi" work within the Automotive & Engineering sector is configured to meet leadership demands in various areas including Passenger/Commercial Vehicles, Automotive Components, Engineering Components, etc.
Tusthi brings to the Automotive sector dedicated expertise in executive search and talent management to secure Leaders For What’s Next – the professionals critical to ensuring that transformative product concepts meet current and future purchasing expectations and gain optimal access to market.