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10 Sectors of Indian Industry to perform well in the current global recession
As every business is affected by the current global crisis and everything the world is speaking of a slowdown in business, in India there are still a few areas that grow in this adverse situation. Let's take a look.
1. Food
No one can survive without basic food materials such as milk, vegetables and drinking water. food processing companies will not be much and had affected profits by increasing prices. These are basic needs that we, as a common man can not produce for ourselves.
According MFPI, the food processing industry in India was seeing growth even as the world faces the economic downturn. In accordance with the minister, the industry is currently growing at 14 per cent against 6.7 per cent growth in the food market 2003-04.The India is estimated at more than 182 billion U.S. dollars, and accounts for about two-thirds of the total retail market in India. In addition, the food retailing sector in India is likely to grow from around of U.S. $ 70,000,000,000 in 2008 to U.S. $ 150 million in 2025
2. Railway
As the aviation sector much evil has been affecting and resulting in skyrocketing rates of airline tickets to frequent fliers railways are preferred to reduce travel costs and this will translate in increased traffic on the railways and long queues at railway reservation counters. The railway freight traffic in India has been growing in recent months, although at a slow rate, indicating only a marginal impact of the global recession in the Indian economy.
Railways recorded 13.87% growth on revenue of Rs 57863.90 crore in the first nine months ended December 31, 2008. While total merchandise revenues increased by 14.53% to Rs 39085.22 crore during the period, revenue passenger revenue rose 11.81% to Rs 16242.44 crore. The railways have improved cargo revenues by increasing their burden axle, improving customer services and the adoption of innovative pricing strategy.
3. PSU Banks
As seen in the sector private most of the job cuts due to the global slowdown, its sector of PSU banks that gained much confidence due to the safety and security. Each more people may turn to government institutions, particularly banks in search of safety and security.
A report on "Opportunities in India the banking sector, by market research company, RNCOS, forecasts that the Indian banking sector will grow at a compound rate healthy annual growth (CAGR) of around 23.3 percent through 2011.
4. Education
As education is considered the basic need and India is seen as a long-term investment by parents and with respect to a demand still exists a huge supply gap. The folly of studying abroad university among indigenous youth still alive, which will ask education institute abroad to India provided extensive targeting young people willing to join. We will see more and more foreign education institutions which are emerging in India in recent years to come.
big government and the Private investment is likely to flow into the Indian education system. DE Shaw, a U.S. $ 36 billion, global private equity firm plans to invest around U.S. $ 200 million in the field of indigenous education.
5. Telecom
People do not cease to communicate with each other because to the global crisis and has not been increasing much more in particular with mobile communication. With cheap cell phones available in the Indian market and more cheap call rates, the sector has become the primary need and the necessity of daily life.
telecommunications sector, according to estimates industry, 2008 began with a subscriber base of 228 million and is likely to end with a subscriber base of 332 million – a century! The telecommunications industry expected to add at least another 90 million subscribers in 2009 despite the recession. The telecommunications industry in India is one of the fastest growing in the world and India is projected to become the second largest market for telecommunications largest worldwide in 2010.
6. IT
Recent news items show that the Indian IT sector will grow 30-40% next year. And on the other side to survive in the current slowdown, the industries have to reduce the cost and to resort to this measure of IT solutions that drive demand software solution.
India is becoming a hot destination for work outsourced electronic publishing. According to a Confederation of Indian Industry (CII) report, the industry is growing at an annual rate of 35 percent and outsourcing opportunities in India in value-added services and rights, such as editing, project management, indexing, media services communication and content deployment will help publishing BPO industry is worth U.S. $ 1,460,000,000 2010.
7. Care health
India in case of health care services still lakes bid. In the health sector is also large gap between demand and implementation on all levels of society. Yet there were so many urban areas that could hardly find any multi-specialty hospital. And in the If the meters of the sentiments of the market created the need for psychological consultation.
Health, a U.S. $ 35 billion industry in India, expected to reach over U.S. $ 75,000,000,000 and the U.S. in 2012 150 billion U.S. dollars in 2017. The healthcare industry is a interesting point in its struggle to emerge as a world center because of the distinct advantages they enjoy in clinical excellence and cost effectiveness.
8. Luxury products
The upper class and wealthy society is not affected much by this global crisis, even if its value is reduced significantly. They're not going to change their lifestyle and stop spending in luxury goods. luxury goods market is not affected so and, indeed, maintain the lifestyle of the rich will spend more for it. Luxury car manufacturers are coming to woo the new rich (Audi, BMW are the latest entrants).
According to recent research on luxury trends, the number of families with annual incomes over $ 230,000 have more than doubled, from 20,000 in 2002 to 53,000 in late 2005 and will increase to 140,000 by 2010.
9. M & A and Marketing Consultants
As in the current slowdown in business survival will be the main focus, marketing and management consultants will be called to reduce costs and to show ways to survive and remain in the market. Others may join efforts to combat this situation, Board invites the M & A Marketing and Consulting. In a booming market there are growth strategies and M & A to advise on opportunities. When companies are shrinking, consultants will be there to help customers decide where to wield an ax.
According to the Ministry of Trade and Industry estimate check the current size of the industry in India is about Rs.10000 / – crores including exports and is expected to grow further at a CAGR of approx. 25% the coming years
10. Media and Entertainment
In the current difficult times where people are losing jobs and get the time to watch TV, go looking for home entertainment and thus advertising revenue increases through commercial channels. Also companies such as the production of religious texts and religious materials, religious channels will do well. The TRP channels increase compared religious with the other entertaining / trade channels.
According to a report published by the Federation of Indian Chambers of Commerce and Industry (FICCI), the M & E India the industry is expected to grow at a compound annual growth rate (CAGR) of 18 percent to reach U.S. $ 23,810,000,000 2012. According to the PWC report, television industry was U.S. $ 5. 48 billion in 2007, registering a growth of 18 percent over 2006. It is more likely to grow by 22 percent over the next five years and a value of U.S. $ 12. 34 billion in 2012.
About the Author
Azaz Motiwala is a marketing consultant and CMD of IKON Marketing Consultants India, a leading marketing consultancy company assisting corporate companies and SMEs with expert advices and solutions on various areas of marketing. http://www.ikonmarket.com
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