Exhibition World Supplements India Supplement | Page 5

India
The fastest
growing
economy in
the world
EW hears from IEIA
President, Mr KV
Nagendra Prasad, who
shares his views about
the current state of affairs
in the Indian exhibition
industry
Above:
Mr KV
Nagendra
Prasad,
IEIA
President
w w w.exhibitionworld.co.uk
he Indian exhibition sector
has been growing consistently
over 10% per annum in
the last five years; this is about 30%
above the country’s GDP growth rate
– and it is a country that can boast
the fastest growing economy in the
world.
President of the India Exhibition
Industry Association (IEIA), Mr KV
Nagendra Prasad, says that Foreign
Direct Investment in India is also
growing consistently year-on-year at
a rate of 10% per annum.
“Overall, India has become
an attractive market for new
investments and industrial growth
and there is a direct relation
between the exhibition industry
growth and economic growth of the
nation,” the IEIA President says and
points out that the figures signify a
robust, growth oriented and future
focussed exhibitions industry in the
country. He adds that 2018 saw 553
professional tradefairs organised in
the country, taking up 4.9m sqm of
space.
“Overall organisers have reported
an average growth of their shows
by over 10% compared to previous
year,” Nagendra Prasad adds. “We are
seeing new shows being launched,
new partnerships being formed and a
lot of M&A activity in the industry.”
The national government is
supporting the growth of the
exhibitions sector in the country
and Nagendra Prasad points out
that government investments being
made in building state-of-the-art
infrastructure and purpose built
venues illustrates the seriousness
with which it regards and supports
Supplement
5