Sheet metal working technology opportunities in India

India’s economy is expected to grow by 6.2% in 2013 and increase to 7% in 2014, India’s growth is well above the global average. With India’s economy growing there is an increased growth in its Middle class, it's estimated that within the next 10 years there will be 550 million people in India categorized as middle class. India has a well-educated English speaking workforce and currently India has the more qualified engineers than any other country. With the rise of India’s Qualified professional class brings higher wages and therefore more spending power to purchase automobiles, white goods and all consumer products.
 
The increased consumer demand in India from particularly the Automotive, Aerospace, Transportation, Construction, Steel, Electronics, ICT and White goods industry, means excellent opportunities for manufacturers and suppliers of Sheet Metalworking Technology and related services. To highlight the growing demand in India for the Sheet Metal Working Industry then you just need to look at the Automotive Industry and the massive demand for Cars, Trucks and 2 wheeled vehicles in the local Indian market. It’s estimated that over the last 3 years demand in India for the Automotive Industries’ end product has increased by nearly 50%  and this is sure to continue in the near future with the Automotive Industry expected to grow by up to 20% over the next 5 years.

India’s Bric Partner countries Russia and China are also definite growth markets for Sheet metal working technology. With continue investment in manufacturing across industry in India and the Bric Region then demand across all end user sectors for the sheet metal working Industry will continue.