Importance of Competitive Intelligence in the Indian Market

1. Importance of Competitive Intelligence in the Indian Market Competitive intelligence is that aspect of any market that helps us understand how it is evolving, what steps can make us go with competition, and what will help our business or startup to grow. To avail of this service, The India Watch is an ideal company that is a known market research consultancy. Along with regular services, the India watch offers tailor-made competitive intelligence services. The India Watch being an India-based company, understands the Indian audience in the best way implying that all its researches are based on the Indian consumer, their needs and requirements, etc. All this results in conducting surveys and research that brings out a result based on the Indian consumer, their wants & requirements, competitive landscape, etc. The Idea behind an Effective Competitive Intelligence Research Company in India India has a huge economy with immense opportunities for global businesses and startups to prosper and grow. And being counted among the quickest growing economies across the globe, India has a huge market and scope for your business to

2. reach its desired heights. In the coming decade, the Indian consumer market itself will reach a USD of 6 trillion. Indian consumer growth has been backed by strong structural fundamentals. Today, the Indian middle-class is growing at a pace that no one can define and has led to many Indian households coming out of poverty in the past few years. And upon that, the pandemic has made every level of the consumer get used to internet-based shopping and more. All this has increased the competition in the market, implying that to stand apart from the rest, hiring a team of professionals like The India Watch will be quite significant. Competitive intelligence helps in bucking up a business and startup in the correct direction. Some of its key aspects include but are not limited to market share analysis, competitive strategy mapping, competition price analysis, and much more. For any further information, pls drop us a mail at info@theindiawatch.com