Business Outlook :

China has been the main driver of the world’s business growth for years though its pace is expected to slow down in future. From a global GDP of 32.7% in 2018-2019, it’s expected to fall to 28.3% by 2024 — a relatively steep 4.4 percentage point reduction. The US while still expected to contribute a sizable proportion of world GDP, is projected to fall to the third place after India with a fall in its contribution from 13.8% to 9.2% by 2024. India’s share in the meanwhile is projected to rise to 15.5% and eclipse the U.S. Japan will fall to the ninth spot by 2024 while Brazil moves up from 11^th to 6^th. Germany shall remain 7^th on the list with its share of 1.6% of global growth.

PhenoTalent’s Manufacturing Sector practice understands the business and talent requirements of this sector, which caters to following sub-segments :

• Automobiles– Passenger vehicles, Commercial vehicles, Tractors,, and Two & Three Wheelers
• Auto components – Parts and Accessories of the Motor Vehicles, Drive Transmission and Steering Components, Suspension & Braking Parts, Pumps for Internal Combustion Piston Engines, Bumpers for Tractors, Parts of Spark-ignition Engines, Starter Motors & Dual Purpose Starter Generators, Storage Batteries and Tyres
• Consumer Durables – Air- conditioners, Refrigerators, TV Sets, Telephones & mobile instruments, Washing & laundry Machines, Fans, Electric cooking appliances, Electric water heaters, Electric filament type lamps, Fluorescent tubes & CFLs, Incandescent lamps
• Construction and Heavy Machinery – Cranes, Construction Equipment, Material Handling ,Agri Equipment,  Waste Management Equipments ,Tipping Systems
• Transportation Sector – Air freight and logistics, Airlines, Marine, Road and Railway, and Transportation Infrastructure.