Top Ten Growing Industries in India
Hello Friends,
Here you will know about the top ten growing industries in India, along with some relevant data and information:
1. Information Technology (IT) and IT-Enabled Services (ITeS):
India is a global leader in the IT and IT-Enabled Services (ITeS) industry, with a market size of around US$191 billion in 2020.
The industry is expected to grow at a compound annual growth rate (CAGR) of around 7.7% between 2020 and 2025.
Information Technology (IT) and IT-Enabled Services (ITeS): The IT and ITeS industry in India is a major contributor to the country’s economy, accounting for around 7.7% of India’s GDP and employing around 4 million people.
The industry is supported by a large pool of skilled technical talent, and India is home to a number of global IT and IT companies.
The industry is expected to continue growing in the coming years, driven by factors such as the increasing adoption of digital technologies and the rising demand for IT services.
2. E-commerce: Top Ten Growing Industries in India
The e-commerce industry in India is expected to grow at a CAGR of around 31% between 2020 and 2025, to reach a market size of around US$84 billion.
Online shopping has become increasingly popular in India in recent years, thanks to the proliferation of smartphones and the availability of affordable data plans.
The e-commerce industry in India has grown rapidly in recent years, driven by the increasing adoption of smartphones and the availability of affordable data plans.
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The industry is dominated by a few large players, such as Flipkart and Amazon, but there are also a large number of smaller e-commerce companies operating in the market.
The industry is expected to continue growing in the coming years, driven by factors such as increasing internet penetration and the rising demand for online shopping.
3. Renewable Energy: Top Ten Growing Industries in India
The renewable energy industry in India is expected to grow at a CAGR of around 14% between 2020 and 2025, driven by the government’s focus on increasing the share of renewable energy in the country’s energy mix.
The renewable energy industry in India is an important contributor to the country’s energy mix, and the government has set ambitious targets for increasing the share of renewable energy in the country’s energy mix.
The industry is supported by favorable policies and incentives, and there are a number of large renewable energy projects under development in the country.
The industry is expected to continue growing in the coming years, driven by factors such as increasing demand for clean energy and the falling cost of renewable energy technologies.
4. Healthcare: Top Ten Growing Industries in India
The healthcare industry in India is expected to grow at a CAGR of around 22% between 2020 and 2025, driven by factors such as increasing healthcare spending, a growing elderly population, and the expansion of health insurance coverage.
The healthcare industry in India is a key contributor to the country’s economy, and the sector is expected to continue growing in the coming years.
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The industry is supported by a large and growing domestic market, and there are a number of world-class healthcare providers operating in the country.
The industry is expected to be supported by factors such as increasing healthcare spending, a growing elderly population, and the expansion of health insurance coverage.
5. Infrastructure:
The infrastructure industry in India is expected to grow at a CAGR of around 8% between 2020 and 2025, driven by the government’s focus on infrastructure development and the increasing demand for infrastructure services.
The infrastructure industry in India is a key contributor to the country’s economy, and the sector is expected to continue growing in the coming years.
The industry is supported by a large and growing domestic market, and there are a number of infrastructure projects under development in the country.
The industry is expected to be supported by factors such as the government’s focus on infrastructure development and the increasing demand for infrastructure services.
6. Automobile:
The automobile industry in India is expected to grow at a CAGR of around 6% between 2020 and 2025, driven by factors such as increasing disposable incomes and the availability of financing options.
The automobile industry in India is a key contributor to the country’s economy, and the sector is expected to continue growing in the coming years.
The industry is supported by a large and growing domestic market, and there are a number of global automobile companies operating in the country.
The industry is expected to be supported by factors such as increasing disposable incomes and the availability of financing options.
7. Textile and Apparel:
The textile and apparel industry in India is expected to grow at a CAGR of around 5% between 2020 and 2025, driven by factors such as increasing demand for fashion apparel and the government’s focus on boosting exports in this sector.
The textile and apparel industry in India is a key contributor to the country’s economy, and the sector is expected to continue growing in the coming years.
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The industry is supported by a large and growing domestic market, and there are a number of global textile and apparel companies operating in the country.
The industry is expected to be supported by factors such as increasing demand for fashion apparel and the government’s focus on boosting exports in this sector.
8. Agro-processing:
The agro-processing industry in India is expected to grow at a CAGR of around 4% between 2020 and 2025, driven by factors such as increasing demand for processed and packaged food products, and the government’s focus on increasing exports in this sector.
The agro-processing industry in India is a key contributor to the country’s economy, and the sector is expected to continue growing in the coming years.
The industry is supported by a large and growing domestic market, and there are a number of agro-processing companies operating in the country. The industry is expected to be supported by factors
9. Real Estate: Top Ten Growing Industries in India
The real estate industry in India is expected to grow at a CAGR of around 3% between 2020 and 2025, driven by factors such as increasing urbanization and the availability of financing options.
10. Tourism: Top Ten Growing Industries in India
The tourism industry in India is expected to grow at a CAGR of around 7% between 2020 and 2025, driven by factors such as increasing disposable incomes, the availability of affordable air travel, and the government’s focus on promoting tourism in the country.
