INDUSTRY BODIES IN INDIA
By MYBRANDBOOK
Industry bodies are the organizations founded and funded by businesses that operate in a specific industry. An industry trade association participates in public relations activities such as advertising, education, publishing, lobbying, and political donations, but its focus is collaboration between companies.
Indian Economy has been contributing significantly by playing a catalytic role in shaping up the Trade, Commerce and Industrial environment of the country. India has the world’s sixth largest economy in measures of GDP. It has the third largest purchasing power in the world. When we talk about the global economy, India is one of its fastest emerging players. Since our liberalization in 1991, the economy has opened up and given us plenty of opportunities to succeed.
India is the fourth-largest unicorn base in the world with over 21 unicorns collectively valued at US$ 73.2 billion. By 2025, India is expected to have ~100 unicorns by 2025 and will create ~1.1 million direct jobs according to the Nasscom-Zinnov report ‘Indian Tech Start-up’. According to data from the RBI, as of the week ended on June 04, 2021, the foreign exchange reserves in India increased by US$ 6.842 billion to reach US$ 605 billion.
Lastly, India is expected to be the third largest consumer economy as its consumption may triple to US$ 4 trillion by 2025, owing to shift in consumer behaviour and expenditure pattern, according to a Boston Consulting Group (BCG) report. It is estimated to surpass USA to become the second largest economy in terms of purchasing power parity (PPP) by 2040.
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ASSOCIATION OF SYSTEM INTEGRATORS & RESELLERS IN TECHNOLOGY (ASIRT) ASSOCIATION OF UNIFIED TELECOM SERVICE PROVIDERS OF INDIA
BICSI Computer Association Of Eastern India Confederation of All India Traders -CAIT Communications Multimedia and Infrastructure Association of India Confederation of Indian Industry (CII) |
Digital India Foundation (DIF)
Electronic & Computer Software Export Promotion Council (ESC) Federation of All India Information Technology Associations (FAIITA)
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Internet Service Providers Association of India India Trade Promotion Organisation (ITPO) Infotech Software Dealers Association (ISODA) Manufacturers’ Association for IT (MAIT) NASSCOM Other Service Providers Association of India (OSPAI) ProgressiveChannels Association of Information Technology (PCAIT) Trade Association of Information Technology (TAIT) |
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