Research Methodology

Research Process

  • Market trends, market estimates, and future market outlook are all estimated based on the secondary sources
  • Insights derived from the available secondary data by an expert team of research analysts
  • Data from multiple sources used in the validation of the outcome

Information Collection

  • Secondary research
    • Harnessed internal BoK
    • Leveraged access to 10+ commercial databases
    • Studied research reports, company annual reports, investor presentations, analyst reports
    • Accessed import/ export data
  • Primary research
    • Industry experts
    • Companies operating in India
    • Channel partners
    • Other key stakeholders

Quality Check and Information Analysis

  • Analyzed the gathered data to identify
    • Market dynamics
    • Drivers in the market
    • Key trends
    • Segmentation
  • Estimated the market size via extrapolation models and expert views

Future Projections

  • Analyzed drivers, challenges and restraints
  • Determined the growth trends
  • Identified industry dynamics
  • Obtained stakeholders’ views
  • Secondary
    • Respective ministry
    • Planning commission
    • Individual company annual reports, analyst reports
    • News articles, blogs (Business Line, Economic Times, Reuters, etc.)
    • Relevant research reports and white papers
  • Primary research across a sample of stakeholders in the industry