Agriculture and Agribusiness
Agriculture remains a foundational sector in India, with a market size of approximately $400 billion in 2024. Employing around 50% of the workforce, it grows at a rate of 4-6% annually. Agribusiness, which includes food processing and agro-exports, contributes about 10% of its revenue from exports. This sector is vital for food security and rural employment.
Automotive
India’s automotive industry, with a market size of $125 billion in 2024, is a significant contributor to the nation’s GDP and employment, with about 3.5 million professionals
engaged in the sector. The industry grows at a rate of 5-7% annually and relies on exports for about 15% of its revenue. The sector includes a diverse range of vehicles, from passenger cars to commercial trucks and electric vehicles
Banking and Financial Services
The banking and financial services sector, with a market size of $450 billion in 2024, is a critical component of India’s economic stability. It grows at a rate of 7-9% annually and employs approximately 1.5 million professionals. The sector’s export contribution is around 5%, reflecting its integral role in managing and facilitating economic activities.
Construction and Real Estate
India’s construction and real estate industry, valued at $200 billion in 2024, is a major driver of urbanization and infrastructure development. The sector grows at a rate of 7-9% annually and employs about 15 million workers. Its export contribution is relatively low at 5%, but it remains a critical component of economic development.
Education and Training
The education and training industry, with a market size of $100 billion in 2024, is vital for skill development and human capital. It grows at a rate of 12-15% annually and employs around 2 million professionals. The sector’s export contribution is modest at 5%, including education services and international student programs.
Consumer Goods and Retail
The consumer goods and retail industry, with a market size of $800 billion in 2024, is a major driver of domestic consumption. It grows at a rate of 10-12% annually and provides employment to about 40 million workers. The sector’s export contribution is around 5%, encompassing a wide range of fast-moving consumer goods and retail services.
Electronics & Electricals
As of 2024, India’s electronics and electrical industry is valued at $150 billion, growing annually by 8-10%. It employs 1.5 million people in areas like manufacturing, design, R&D, and sales. Exports contribute 20% of the revenue. Growth is fueled by rising demand for consumer electronics, digital infrastructure, and government initiatives like “Atmanirbhar Bharat.”
Healthcare and Hospitals
India’s healthcare and hospitals sector, valued at $200 billion in 2024, plays a crucial role in public health and medical tourism. It grows at an impressive rate of 15-20% annually and employs approximately 3 million professionals. The sector’s export contribution is around 5%, reflecting its importance in medical services and health-related products.
Pharmaceuticals and Biotechnology
India’s pharmaceuticals and biotechnology sector is a global leader in generic drug production, with a market size nearing $50 billion in 2024. The industry grows at a rate of 10-12% annually and employs approximately 2.5 million professionals. It is highly exportoriented, with about 60% of its revenue derived from international markets. The sector also plays a crucial role in biotechnology research and development.
Information Technology (IT) and Software Services
The IT and software services industry is a cornerstone of India’s economy, with a market size of approximately $250 billion in 2024. It has seen consistent growth of around 7-8% annually. This sector employs around 4.5 million professionals and is a major contributor to foreign exchange, with about 70% of its revenue coming from exports. India’s IT hubs, such as Bengaluru and Hyderabad, are renowned for their software development and IT consulting services.
Oil and Gas
The oil and gas sector, with a market size of $200 billion in 2024, is a major energy source for India. It grows at a rate of 4-5% annually and provides employment to about 1 million professionals. The sector is heavily import-dependent, with about 30% of its revenue coming
from exports, including refined products and petrochemicals.
Power and Energy
The power and energy sector, with a market size of $150 billion in 2024, is essential for industrial growth and development. It grows at a rate of 6-8% annually and employs approximately 2 million professionals. The sector’s export contribution is about 5%, with a
growing focus on renewable energy sources alongside traditional power generation.
Media and Entertainment
India’s media and entertainment industry, valued at $25 billion in 2024, has a significant cultural and economic impact. It grows at a rate of 10-12% annually and provides jobs to about 1 million workers. The sector contributes around 10% of its revenue from exports, driven by film, television, and digital media content.
Logistics and Supply Chain Management
The logistics and supply chain management sector, with a market size of $200 billion in 2024, is critical for efficient supply chains and trade. It grows at a rate of 8-10% annually and employs approximately 5 million workers. The sector’s export contribution is around 5%, encompassing logistics services and supply chain solutions.
Steel and Metals
India’s steel and metals industry, valued at around $80 billion in 2024, is essential for infrastructure development. It grows at a rate of 5-6% annually and employs about 1.2 million workers. The industry relies on exports for around 10% of its revenue, with steel production being a significant component of its output.
Telecommunications
India’s telecommunications industry, valued at $50 billion in 2024, is crucial for connectivity and digital inclusion. It has a growth rate of 6-8% annually and employs around 1 million professionals. The sector’s export contribution is relatively modest at 5%, but it plays a significant role in both domestic and international communication networks.
Textiles and Apparel
The textiles and apparel industry in India, valued at around $150 billion in 2024, is one of the largest employers, providing jobs to about 45 million workers. It has a growth rate of 8-10% per year and contributes approximately 15% of its revenue from exports. The sector includes everything from cotton production to garment manufacturing, with a strong presence in both domestic and global markets.
Tourism and Hospitality
Tourism and hospitality, with a market size of about $100 billion in 2024, are significant for India’s economy, contributing to foreign exchange and employment. The industry grows at a rate of 8-10% annually and provides jobs to around 10 million workers. It generates approximately 20% of its revenue from exports, driven by international tourism and hotel
services.
Renewable Energy
The renewable energy sector, with a market size of $50 billion in 2024, is vital for sustainable development and reducing carbon footprints. It grows at an impressive rate of 20-25% annually and employs around 500,000 professionals. The sector’s export contribution is about 5%, focusing on solar, wind, and hydroelectric power projects.