<div>Even as the 30-stock BSE benchmark index Sensex touches new heights every day, a report by Deloitte Global has stressed that India needs to focus on some key sectors like banking and infrastructure to attract foreign investment.<br /><br />In the report titled Competitiveness: Catching The Next Wave In India, Deloitte Global lists out the challenges faced by major sectors in the country. “To fully realise its potential, India must continue to invest in infrastructure, particularly transport networks and power systems, as well as work to enhance the employability of its working population. In addition, adopting an environment that enables innovation and collaboration to flourish across borders is critical to India’s economic growth. And of course, all this requires effective implementation,” says Gary Coleman, global managing director, Industries, Deloitte.<br /><br />The report has taken a growth horizon of 30 years for the country. The report says that the rural areas and lower-middle class in the urban areas are set to grow in the coming years. The report states that these are the two areas which would provide biggest opportunities for the financial services sector. “Despite the fact that more than 40 per cent of Indian households currently do not have access to banking services, the government’s strategy to promote financial inclusion in India, along with the country’s rising middle class, will likely continue to drive demand for services in the sector,” the report states.<br /><br />The report also emphasises the importance of the infrastructure if India is expected to achieve its targets in coming three decades. Indian infrastructure is set to become the world’s third-largest construction market by 2025. The country can bring back the growth in the sector by “removing bottlenecks for existing projects, and reviving the capital-expenditure cycle.”<br /><br />The report also goes on to mention the other sectors like retail, automobile manufacturing, pharma and IT that would also be crucial for the country’s growth in coming 30 years.</div>
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