The sector was opened up slowly and slowly beginning with the ‘Air taxi’ service in 1994 and followed up operation of scheduled air services. The late 90’s saw several private players entering the market line Eastwest, Damania, Jet, Sahara, Modiluft, etc. The regulatory environment for the industry lacked clarity in the beginning and the industry grew under the shadow of the market leader, Indian Airlines. Owing to the lack clarity in regulatory framework, dominance of national operators and their continued support by the government meant that the Indian aviation industry was never a level playing level field for the private operators. Most of the private operators were not well funded and initial phase didn’t see any significant investment by any major industrial house in the country.
Indian IT Industry Management Information Systems Mid-term Review Balasubramanian P [MS14A020] Chandan Kumar Sahani [MS14A023] Chirag Gupta [MS14A024] Overview of Indian IT Industry The Indian IT industry is increasing steadily despite the global slowdown in 2009. When the whole of the world witnessed negative growth, Indian IT industry still managed to showcase a growth of 5.5%. The industry is set to register the historic landmark of US $ 50 billion exports current year, according to the NASSCOM President, Som Mittal. The market of domestic is also hopeful to witness 12% growth, this current year. Potential size of India’s
The characteristics of an oligopoly market includes few sellers offering homogenous or standardized products, mutually dependent firms and low barriers to entry. There are few examples of oligopolistic industries which is smartphone operating system industry and automobile industry. In this case, smartphone operating system industry such as Andriod OS (Google Inc.) and Iphone Os / iOS (Apple). While for automobile industry, examples include Honda and Perodua. It can only be operated by bigger companies and every companies have different goals to achieve.
Telecom industry witnessed revolutionary changes in recent years. Indian telecom industry is the fastest growing industry in Indian economy. It has one of the lowest call tariffs in the world enabled by the mega telephone networks and hyper-competition among them. On the basis of data as on 2013 the telecom subscriber’s details are shown in the table, which explains the current status of Indian telecom industry. Table 1.1 Trends in Indian Telecommunication Industry Quarter ending December 2011 Quarter ending March 2012 Telecom subscribers (wireless and wire line)in million Total telephone subscribers 926.53 951.34
The Indian market was not equally lucrative to all British exporters; to the staple industry, cotton textile manufacturers, and producers of engineering products, however, the Indian market was of immense importance. British heavy industry also exported products in high quantity, even if not as high as by the cotton industry, to the Indian subcontinent. The British-led industrialisation of India created a demand for rails, galvanized sheets, tinplate and other steel products. However, approximately 30% of all steel imports were Belgian. Furthermore, the Indian
2.2. Current Indian Automotive Industry A. Automotive Industry is growing at a rapid pace fairing among top ten in the world. Two wheeler in 2nd position; passenger cars in third position and commercial vehicles in 5th position. B. India has become a major hub for automobiles: i.
The 40% middle class population have the aspiration to fly but only 0.5% of Indians have used flight as a means of transport. This shows a huge market potential waiting to be tapped. It is critical for the stakeholders in the industry to collaborate and engage with policy makers to come up with decisions which are efficient and rational. This will shape the future of Indian civil aviation industry in a constructive manner. Right policies and a relentless focus on quality, passenger interest and cost, would be well placed to achieve India’s vision of becoming the 3rd largest aviation market by 2020.
Post Liberalization The Indian Government re allowed private sector in mid 80 's and with the emergence of new competitors like Indian Airlines faced tough competition from Jet Airways, Air Sahara (now JetKonnect), East-West Airlines, Skyline NEPC, and ModiLuft. Yet till 2005, Indian Airlines was the second largest airline in India after Jet Airways while Air Sahara controlled 17% of the Indian aviation industry.During that time few other domestic carriers like East-West Airlines, Skyline NEPC and ModiLuft discontinued their flight operations. Also during 1993 another Government established regional feeder airline called Vayudoot was merged with Indian Airlines but still operated as a standalone division until 1997 after which its entire flight operations were transferred to Indian Airlines and its employees absorbed into Indian Airlines and Air India. Post Low-Cost
Features of Monopolistic Competition: 1. Large Number of Sellers: There are large numbers of firms selling closely related, but not homogeneous products. Independent firms having limited share in the market. Hence, individuals will be having limited contribution in the market. Large number of firms leads to competition in the market.
Major players in the industry The aviation industry in India has undergone tremendous change in the recent years. With the rising per capita income and increased spending capacity of the people, the air traffic has increased by a whooping ~472% since the turn of the millennium (Figure). There are 22 players in the Indian domestic market with 6 low cost carriers such as IndiGo, SpiceJet, GoAir etc and premium carriers like Jet Airways and Air India. There are various charter carriers and regional players as well. The industry has seen new players joining the market in the recent years, for instance, Air Costa (2013), Air Asia (2014) and Vistara Airlines (2015) and three regional airlines are planned to be started.