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Market Entry - Newborn Care Market in India: Analysis of Growth, Trends and Progress (2020 - 2025)

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About the Market

Increasing maternal age, induced ovulation and changing lifestyles like drinking, smoking and improper diet has led to rapid increase in a number of diseases in newborn infants. Thus, newborn care equipment’s have become very important tools to avoid and assess ailments in prenatal and postpartum care. Rapid technological advancement, support, and initiatives taken by the government and rising awareness have led to the robust growth of newborn care market. Western economies are struggling under declining birth rates. In the U.S. for example, the birth rate decreased to 13 per 1,000 of the population in 2010, as compared to 16.7 in 1990. Despite these shrinking birth rates, the global baby care market is expected to grow in sales, as products are used for longer periods by infants, and parents want the best available products for their baby, disregarding the cost of products. In the developing nations, the major drivers are the increase in disposable income among and rising urbanization. In terms of products, this market has been segmented as follows: baby apparel segment, baby toys segment, baby cosmetics, baby food, baby accessories, and baby diaper. Well known baby care and safety accessory companies are the Dorel Juvenile Group, Graco, Brevi, Chicco, Combi, Emami, and Hasbro.

About the Geography                  

India is the seventh largest country in the world and has the second highest population. It has a parliamentary democratic form of government and has abundant natural resources and sufficient oil reserves. The country has a huge skilled, English-speaking, and inexpensive labor force. Its young population and current economic policies have made it one of the largest recipients of FDI in the world.

Huge investment promises from different countries predict a bright future for India. It has a well-developed administration and an independent judicial system with an ever-growing consumer base. It has a huge pool of hard-working skilled workers in all fields. The government has set up tax and non-tax incentives to establish new industrial entities in specific sectors, which include energy, ports, highways, electronics, and software. The Make in India initiative was launched by the government in 2014 and received an excellent response from the developed nations. The government has also created special areas dedicated to export, called export-processing zones (EPZs) or special economic zones (SEZs), to encourage foreign investment. The strong financial sector and dynamic banking along with huge infrastructure development opportunities have made it one of the largest markets for manufactured goods and services. Due to its huge market and population, it has become one of the most competitive markets in the world. Conducting business in India has been difficult because of corruption, lack of infrastructure, and inadequate security.

Component Name

Unit

GDP (USD billion)

2074

GDP Annual Growth Rate

7.1

GDP Per Capita

1806

Unemployment Rate

4.9

Wages

122.1

Inflation Rate

5.05

Consumer Price Index (CPI)

131

Interest Rate

6.25

Balance of Trade (USD billion)

-7.674

Business Confidence

57.2

Manufacturing PMI (Index Points)

52.1 Index Points

Ease of Doing Business

130

Competitiveness Rank

39

Corruption Rank

76

Consumer Confidence

128

Consumer Spending (USD billion)

240.09

Bank Lending Rate (Consumers)

9.7

Corporate Tax Rate

34.61

Sales Tax Rate

14.5

 

The Market Entry Series

Exploring global markets is now recognized as the shortest way to ensure high time to efficiency conversion, when trying to expand revenues past domestic markets, for firms both large and small. Our market entry series, priced suitably low contains the essentials of all the parameters (Refer: Table of Contents) you must be apprised of before you can have a well informed contemplation of a business opportunity in your choice of industry, in your choice of geography.

 

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