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India's pharmaceutical industry is amongst the most technologically advanced and scientifically capable pharmaceutical industries in the world. Several major pharma companies are operating in India. These companies have their research and development programs for developing and manufacturing different medicines and vaccines. Several financial Organizations have valued the Indian pharma industry at around $40 billion, and this value is only expected to increase. The manufacturing abilities of the pharma industry in India are so astonishing that it produces about 20% of the total generic medicines and more than 50% of the total vaccines produced in the world. Pharma products are one of the chief exports from India. The total exports of the pharma industry were estimated to be worth $20 billion in 2020. During the recent times of the Covid Pandemic, the Indian pharma companies were among the first companies to have developed an effective vaccine for protection against the deadly coronavirus disease. Some of the country's most important pharma hubs are Vadodra, Kolkata, Vishakhapatnam, Mumbai, Aurangabad, Ahemdabad, Bangalore Chennai, Pune, Hyderabad, etc.
With the rise of the Information Technology (IT) sector globally, India is among those countries that benefitted the most and have developed a successful IT industry in the country. The rise of the IT industry in India has been so extraordinary that it contributed about 7.7% to the Indian GDP in recent years. The main reason behind the success of the IT sector in India has been the growing demand for IT services across the globe and the availability of talented IT professionals in the country. IT services worth more than $150 billion were exported in 2021 from the Indian IT industry. And this industry and the revenue generated by the IT industry are projected to grow even more to a value of $100 billion by 2025. Moreover, this industry is amongst the biggest employers, with more than 4 million employees working with different companies.
India's food and beverage industry currently stands at US$ 40.3 billion and is expected to touch US$ 66.3 billion by 2018, registering a growth of 18 per cent.With a huge agriculture sector, abundant livestock, and cost competitiveness, India is fast emerging as a sourcing hub for processed food. Estimated to be worth US$ 121 billion in 2012, the Indian food processing sector is poised for excellent growth in the coming years. It is ranked fifth in terms of production, consumption and exports.Anticipating the future growth, many big international players are entering the Indian market by partnering with the domestic players. There are tremendous opportunities for large investments in food and food processing technologies, skills and equipment, especially in the areas of canning, dairy and food processing, specialty processing, packaging, frozen food/refrigeration and thermo processing. The Ministry of Food Processing Industries is making all efforts to encourage investments in the sector, incentives for cold chain development and also grant-in-aid for setting up laboratories that are equipped for testing food products.
India's an iron & steel industry is one of the core industries of the Indian economy. This industry has always been an important contributor to the GDP of India. Thus, the Indian government needs to ensure the smooth functioning of this industry through its policies. With the liberalization of the Indian economy, many private companies invested in the steel industry and thus began the meteoric rise of the steel industry in India. India became the second-largest producer of steel in the world in 2019. Recently, foreign direct investments in the Iron and Steel industry have played an important role in boosting iron and steel production in the country. The government has provided several production-linked incentives to encourage more investment to develop this industry.
The banking services sector is one of those sectors which has witnessed a growth in demand from the last few decades. This growth has been further fueled by the many fintech launched in the last 5 years. Also, India is amongst the biggest digital marketplace in the world. In recent years, the central government has also introduced several banking reforms to make the banking process fraud-free and transparent in India.
Fast-moving consumer goods (FMCG), also known as consumer packaged goods (CPG), are products that are sold quickly and at a relatively low cost. Examples include non-durable packaged foods, beverages, toiletries, candies, cosmetics, over-the-counter drugs, dry goods, and other consumables. Fast-moving consumer goods have a high inventory turnover and are contrasted with specialty items which have lower sales and higher carrying charges. Many retailers carry only FMCGs; particularly hypermarkets, big box stores and warehouse club stores. Small convenience stores also stock fast-moving goods; the limited shelf space is filled with higher turnover items.
Indian Construction Industry is segmented by Sector (Commercial Construction, Residential Construction, Industrial Construction, Infrastructure (Transportation) Construction, and Energy and Utility Construction). The report offers market size and forecasts for the Indian construction market in value (USD billion) for all the above segments.
The textile industry is an industry that has been an integral part of the Indian economy since ancient times. There was a time when traders came to India from distant places to buy uniquely manufactured textiles. Domestic textile production suffered a huge loss during the British Rule, but this industry could recover properly after the Indian independence. Recently, the textile industry was estimated to contribute about 5% to the GDP of India. Also, textiles are among the most exported items from India and account for 12% of the total exports from India.
The Real Estate Industry in India is segmented by Property Type (Residential, Office, Retail, Hospitality, and Industrial) and By Key Cities (Mumbai, Delhi, Pune, Chennai, Hyderabad, and Bangalore). The report offers the market size and forecasts for India's real estate market in value (USD billion) for all the above segments.
The Indian automobile industry has historically been a good indicator of how well the economy is doing, as the automobile sector plays a key role in both macroeconomic expansion and technological advancement. The two-wheelers segment dominates the market in terms of volume, owing to a growing middle class and a huge percentage of India’s population being young. Moreover, the growing interest of companies in exploring the rural markets further aided the growth of the sector. The rising logistics and passenger transportation industries are driving up demand for commercial vehicles. Future market growth is anticipated to be fueled by new trends including the electrification of vehicles, particularly three-wheelers and small passenger automobiles. India enjoys a strong position in the global heavy vehicles market as it is the largest tractor producer, second-largest bus manufacturer, and third-largest heavy truck manufacturer in the world. India’s annual production of automobiles in FY22 was 22.93 million vehicles. India has a strong market in terms of domestic demand and exports. In FY23, total passenger vehicle sales reached 3.89 million. In FY23, total automobile exports from India stood at 47,61,487. This sector's share of the national GDP increased from 2.77% in 1992-1993 to around 7.1% presently. It employs about 19 million people directly and indirectly. In addition, several initiatives by the Government of India such as the Automotive Mission Plan 2026, scrappage policy, and production-linked incentive scheme in the Indian market are expected to make India one of the global leaders in the two-wheeler and four-wheeler market by 2022.
Cement plays vital role in building economic development of any country. Indian cement industry is the largest cement producing country in the world, next only to China. The first cement company became operational in Porbandar, Gujarat with a capacity of 10,000 tons in 1914. The Industry recorded an exponential growth with the introduction of partial decontrol in 1982 culminating in total decontrol in 1989 and delicensing in 1991. With the adoption of massive modernisation and assimilation of state-of-the-art technology, Indian cement plants are today the most energy-efficient and environment-friendly and are comparable to the best in the world in all respects, whether it is size of the kiln, technology, energy consumption or environment-friendliness. The cement industry contributes to environmental cleanliness by consuming hazardous wastes like Fly Ash (around 30 Mnt) from Thermal Power Plants and the entire 8 Mnt of granulated Slag produced by Steel manufacturing units and also using alternate fuels and raw materials using advanced and environment friendly technologies.