India's high growth imperative in 2023 and beyond will primarily be driven by major strides in key sectors, with infrastructure development being a critical force leading to economic progress. To achieve a US$ 26 trillion economy, infrastructure investments and ease of doing business initiatives will play a pivotal role. Prime Minister Narendra Modi has emphasized
IT & ITES INDUSTRY IN INDIA Global Technology spending stood at USD 3.65 tn during 2018-19. The IT-BPM industry in India accounts for 55% of the total global outsourcing market. In India, it accounts for more than 45% share, which is the largest, in total services export.
Telecom Industry in India India is currently the 2nd largest telecommunication market and has the 3rd highest number of internet users in the world. India is one of the largest data consumers globally. It has the highest data usage per smartphone at an average of
FINANCIAL SERVICES IN INDIA Rising income is driving the demand for financial services across brackets. India benefits from a large cross-utilisation of channels to expand reach of financial services Government has approved new banking licenses and has increased the FDI limit in insurance sector. Government approved 100 percent FDI for insurance in
SERVICE SECTOR IN INDIA India is the export hub for software services. It had a 55% share in the US $ 185-190 billion global sourcing market in 2018. It is also becoming a destination for medical tourism as a result of cheaper but quality healthcare service A large pool of skilled manpower, especially in the areas IT & ITes, is available at a rela
POWER SECTOR IN INDIA In April 2020, NTPC Vindhyachal became the largest power plant in the country to achieve a plant load factor (PLF) of 100 per cent. India’s rank jumped to 22 in 2019 from 137 in 2014 on World Bank’s Ease of doing business - "Getting Electricity" ranking. Energy deficit reduced to 0.7 per cent in FY
OIL & GAS INDUSTRY IN INDIA The Oil and Gas industry in India is set for a sea change with recent developmental ambitions of the Government of India – 175 GW of installed capacity of renewable energy by 2022, the aim to achieve 100 smart cities mission, 10% reduction of oil and gas import dependence by 2022 and provision of clean cooking fuels.
AUTOMOBILE INDUSTRY IN INDIA The Automobile industry in India is a significant driver of macroeconomic growth and technological development. The Automobile industry holds a 7.1% share in India’s GDP. India is projected to be the world's third-largest automotive market in terms of volume by 2026. India has 4 large auto manufacturing hubs:
INDIAN PHARMACEUTICAL INDUSTRY Indian pharmaceutical sector is expected to grow to US$ 100 billion, while medical device market is expected to grow US$ 25 billion by 2025. India’s cost of production is nearly 33 per cent lower than that of the US. Labour costs are 50–55 per cent cheaper than in Western countries. The cost of sett
Renewable Energy Industry in India India stands at 5th position for overall installed renewable energy capacity in the world. India is among the top three nations in the world which are leading the global renewable energy growth. India has the 4th largest wind power capacity in the world. In December 2019, wind power installed ca