7 Important statistics about product management in India

1. Rapid Growth of the Indian Economy:

   - India is one of the fastest-growing economies in the world, with a GDP growth rate of over 7% in recent years.

2. Growing Demand for Skilled Product Managers:

   - According to LinkedIn, the demand for product managers in India has grown by over 30% in the past year.

3. Expansion of the Indian Startup Ecosystem:

   - India is home to one of the largest startup ecosystems in the world, with over 50,000 startups as of 2021.

   - The number of startups in India is expected to reach 100,000 by 2025.

4. Increased Investment in Indian Startups:

   - Indian startups raised over $11 billion in funding in 2020, despite the challenges posed by the COVID-19 pandemic.

   - The total value of investments in Indian startups reached $38.5 billion in 2021, a 150% increase from the previous year.

5. Growth of Digital Products and Services:

   - The digital economy in India is expected to reach $1 trillion by 2025, driven by the rapid adoption of digital products and services.

   - The e-commerce market in India is projected to grow to $200 billion by 2026, up from $64 billion in 2020.

6. Increasing Role of Product Managers in Indian Companies:

   - A survey by Product Management Festival found that 65% of Indian companies plan to hire more product managers in the next year.

   - The average salary for product managers in India ranges from ₹1,000,000 to ₹3,000,000 per year, depending on experience and location.

7. Challenges Faced by Product Managers in India:

   - According to a survey by Naukri.com, the top challenges faced by product managers in India include market uncertainty, competition, and resource constraints.

   - Only 30% of product managers in India are satisfied with their current role, according to a survey by Product Management Insider.

These statistics highlight the rapid growth of the product management field in India, driven by the expansion of the startup ecosystem and the increasing demand for digital products and services. Despite the challenges, product managers in India have access to exciting opportunities for growth and innovation in one of the world's most dynamic markets.