Electric Power Industry in India Offers Growth Opportunities for Asset Management and Automation Suppliers

Keywords: Asset Management, Automation, Distributed Generation, Electric Power Industry, Smart Grid, Micro Grid, Renewable Energy.

ARC Advisory Group's recent market outlook study focusing on automa-tion and asset management expenditures in India's electric power industry highlights the excellent growth opportunities that the industry provides for automation and asset management solution suppliers. The country's economic outlook continues to remain relatively positive despite the global economic slowdown. While there is continuing concern about India's inflation, growing trade and fiscal deficit, and such others, the possibility of the country's economy slipping into a recession due to global sentiments is unlikely.

India continues to remain a domestic-consumer-demand-driven economy, with private consumption's contribution to the country's GDP remaining well above 50 percent. As during the initial quarters of 2009, the country will witness marginal decelerating growth rate for a few quarters. According to most economists, the GDP growth rate may slide from more than 8 percent to more than 7.5 percent in 2011, a relative slowdown and by no means a sign of recession. Therefore, India will remain a destination of choice for companies, including automation companies with an appetite for growth.

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