India is fast becoming one of the most lucrative options for the manufacturing industry to prosper. The manufacturing sector in each Indian state and union territory (UT) has the potential to grow either directly - by setting up new industries - or by creating ancillary facilities, infrastructure and necessary forward-backwards linkages to existing ones.
The fast-moving consumer goods (FMCG) sector is the 4th largest sector in the Indian economy with Household and Personal Care accounting for 50 per cent of FMCG sales in India. Growing awareness, easier access and changing lifestyles have been the key growth drivers for the sector.
Packaging is among the high-growth industries in India and developing @ 22-25% per annum and becoming a preferred hub for the packaging industry. Currently the 5th largest sector of India's economy, the industry has reported steady growth over the past several years and shows high potential for much expansion.
The services sector is not only the dominant sector in India’s GDP but has also attracted significant foreign investment flows, contributed significantly to exports as well as provided large-scale employment. India’s services sector covers a wide variety of activities such as trade, hotel and restaurants, transport, storage and communication, financing, insurance, real estate, business services, community, social and personal services, and services associated with construction.
Electronics & electricals
The government has listed the electronics industry as a priority sector under its Make In India campaign. There are various government schemes to encourage domestic manufacturing which provide tax and tariff concessions, investment subsidies, preferential market access in government procurement and export subsidy.
IT & telecommunication
India is currently the world’s second-largest telecommunications market with a subscriber base of 1.05 billion and has registered strong growth in the past decade and a half. The Indian telecom sector is expected to generate four million direct and indirect jobs over the next five years according to estimates by Randstad India.
The Indian automobile industry seems to come a long way since the first car was manufactured in Mumbai in 1898. The automobile sector today is one of the key sectors of the country contributing majorly to the economy of India. It, directly and indirectly, employs over 10 million people in the country.
The legal sector has seen some drastic transformations over the last few years. There has been a paradigm shift in how the legal industry works today than ever before. With the advent of technology, advanced tools and apps on hand, the face of the legal system has suddenly got a makeover, it seems.
The Indian tourism and hospitality industry has evolved as one of the crucial drivers of economic growth and development in the country. The industry has significant potential given the rich cultural and historical heritage, rich biodiversity and places of natural beauty spread across the country.
The textile sector of India is one of the top contributors to the development of the Indian economy, concerning GDP, employment, export promotion, etc. Known as one of the oldest manufacturing industries in the country and the second-largest, after agriculture, the textile industry employs both skilled and unskilled people.
The Government of India has identified the power sector as a key sector of focus to promote sustained industrial growth. The Indian power sector is undergoing a significant change that has redefined the industry outlook. Sustained economic growth continues to drive electricity demand in India. The Government of India’s focus on attaining ‘Power for all’ has accelerated capacity addition in the country.
The Indian chemical industry is an integral component of the Indian economy, contributing around 6.7 per cent of the Indian GDP. It touches our lives in many different ways. Whether it is thermoplastic furniture we use, a synthetic garment we wear, or a drug we consume – we are inextricably linked to it.
Banking & finance
The Indian banking industry has recently witnessed the rollout of innovative banking models like payments and small finance banks. RBI’s new measures may go a long way in helping the restructuring of the domestic banking industry.
The Indian education industry is poised for growth. This sector is changing rapidly with more private players entering the field. The government is also taking many measures to improve the quality of education in India.
At a time when India is taking strident steps on the global stage, the Media and Entertainment (M&E) industry offers tremendous growth potential and exciting investment opportunities not only to domestic investors but also the international investors.
The government’s focus on making India, which is one of the biggest importers of arms, 70 per cent self-reliant in weaponry by 2027 and promoting defence indigenisation has much to do with its MSMEs. Not just the government and large players, but MSMEs themselves have realised their role as an untapped force multiplier for the defence sector.
Agro & Food processing
The second-largest producer of farm produce in the world and the third-largest economy in terms of Purchasing Power Parity (PPP), is a promising place to be in. With a massive food market that is fast-expanding, exciting growth in the retail sector, and attractive economic policies and fiscal incentives, India's food economy is thriving.
In order to attract micro, small and medium enterprises (MSMEs) as supply chain vendors, Indian Railways has reduced its vendor application fee. From Rs 1.5 lakh charged from MSMEs applying for approval as vendors with the Railways’ Research Designs & Standards Organisation (RDSO), which undertakes standardisation work for the railway sector, the amount has been reduced by 93 per cent to Rs 10,000 for identified safety items, Railways Ministry said.
Handicrafts & HANDLOOMS
MSME are significant in the growth of economy. The growth of any state is depend on the regional handicrafts and households. Every state has its unique product that has international market also. MSME sector should not be looked as a regional but as a national sector.
Pharmaceutical & healthcare
India enjoys an important position in the global pharmaceuticals sector. India is the largest provider of generic drugs globally with the Indian generics accounting for 20 per cent of global exports in terms of volume.
Export & import
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