Sectors

Food Processing

The food processing industry worldwide transforms raw agricultural materials into a vast array of processed foods, catering to diverse tastes and preferences, while enhancing food safety, shelf life, and distribution efficiency. This essential sector contributes significantly to global food availability and supply chain resilience.

CAGR: 3.5%
Market size: $318 Bn
GDP Contribution: 1.75%
Market drivers:
– Increasing demand for processed foods
– Increasing popularity of ready-to-eat meals
– The increasing demand for personalized foods

Construction and Infrastructure

The construction and infrastructure industry serves as the backbone of urban and rural development, creating essential facilities and structures that drive economic growth and enhance quality of life worldwide. This dynamic sector encompasses diverse projects, from towering skyscrapers to intricate transportation networks, shaping the modern world’s physical framework.

CAGR: 9.90%
Market size: $45 Bn
GDP Contribution: 18%
Market drivers:
-Increasing Urbanization
-Demand for affordable housing
-Increase in standard of living

Hospitality

The hotel industry is a dynamic and ever-evolving sector that caters to the diverse accommodation needs of travelers worldwide, ranging from luxury resorts to budget-friendly motels. It plays a pivotal role in the global tourism economy, offering a wide array of services and experiences to enhance the stay of guests from all walks of life.

CAGR: 7.4%
Market size: $ 21 Bn
GDP Contribution: 6%
Market drivers:
– Rising demand for travel and tourism
– Increasing disposable income

AI/ML & AR/VR

The AI/ML industry is at the forefront of harnessing data-driven insights, while AR/VR is reshaping the way we experience and interact with digital environments, collectively shaping the future of technology.

CAGR: 36.8%
Market size: $ 150 Bn
GDP Contribution: 5%
Market drivers: 
– Increased demand for data-driven insights
– Advancements in augmented and virtual reality technologies
– Increasing number of AI tools and applications

E-Commerce

The e-commerce industry revolutionizes the way we shop and conduct business, bridging geographical boundaries and offering unprecedented convenience to consumers and businesses alike.

CAGR: 23%
Market size: $ 350 Bn
GDP Contribution: 10 %
Market drivers:
– Accelerated digital transformation
– Expanding internet accessibility

Renewable Energy

The renewable energy industry stands at the forefront of a global energy revolution, offering a beacon of hope in the fight against climate change. With solar, wind, hydro, and other sustainable sources, it is reshaping our energy landscape, reducing carbon emissions, and creating a more sustainable future for generations to come.

CAGR: 10.00%
Market size: $ 120 Bn
GDP Contribution: 0.01%
Market drivers:
– Government’s initiative on increasing clean energy
– The falling cost of renewable energy
– Technological advancements

FMCG

The FMCG (Fast Moving Consumer Goods) industry, a powerhouse of global commerce, fuels everyday life with essential products. This industry stands at the crossroads of consumer demands and technological advancements.

CAGR: 7.9%
Market size: $ 17 Bn
GDP Contribution: 10%
Market drivers:
– Expansion of e-commerce
– Rising demand of packed, ready-to-eat food
– Change in lifestyle due to urbanisation

Cosmetics

The cosmetics industry thrives on the art of enhancing beauty and self-expression through a diverse range of skincare, makeup, and personal care products. The cosmetics industry continues to exhibit robust growth, driven by evolving consumer preferences, innovation, and a growing emphasis on sustainability and inclusivity.

CAGR: 6.45%
Market size: $26 Bn
GDP Contribution: 10%
Market drivers:
– Increasing Social Media Influencers
– Increasing demand for sustainable skincare products
– Protection from UV rays, Pollution etc.

Warehousing & Logistics

The warehousing and logistics industry serves as the backbone of global supply chains, facilitating the movement of goods from manufacturers to consumers. Fueled by e-commerce expansion and technological advancements like automation and data analytics this industry poses immense growth potential.

CAGR: 11.50%
Market size: $ 152 Bn
GDP Contribution: 10.50%
Market drivers:
– Rising e-commerce activities
– Increasing population and growing economy

Pharmaceuticals

Embarking on a journey of scientific discovery and medical advancement, the pharmaceutical industry plays a pivotal role globally, striving to alleviate suffering and enhance the quality of life through the development of innovative drugs and therapies.

CAGR: 11.4%
Market size: $ 130 Bn
GDP Contribution: 6.5%
Market drivers:
– Increasing global health demands
– Increasing need for vaccinations and drugs

Information Technology

The IT industry, characterized by rapid technological advancements, continues to be a cornerstone of innovation, reshaping businesses and societies. Be it AI ML or Data Mining, this rapidly evolving sector never misses a chance to surprisse the globe with finest innovations and lifechanging developments.

CAGR: 8.4%
Market size: $245 Bn
GDP Contribution: 7.4%
Market drivers:
– Innovation through AI & ML
– Increasing data generation
– Rise of tech start-ups

School & University

Schools and universities serve as the pillars of education, nurturing the intellectual and personal development of students while preparing them for future challenges and opportunities.

CAGR: 10%
Market size: $1.2 Tn
GDP Contribution: 6.5%
Market drivers:
– The increasing young population
– The increasing focus on quality education
– The increasing government support

Automobile & Components

In the highly connected world, there is always a need for speed. Automobile sector provides humans with a ways to commute and fuel the fast paced life these days. This sector has always been a major factor in contributing towards growth.

CAGR: 5.5%
Market size: $ 4.4 Tn
GDP Contribution: 7.1%
Market drivers:
– Technological advancements
– Increasing urbanization
– Growing middle class

Power Generation

The power sector is the backbone of modern civilization, providing essential electricity and energy infrastructure to fuel our daily lives and drive economic progress.

CAGR: 6.5%
Market size: $ 250 Bn
GDP Contribution: 6%
Market drivers:
– Rising demand for energy
– Urbanisation

Iron & Steel

The iron and steel industry serves as the building block of modern infrastructure, shaping skylines, manufacturing, and transportation networks with its enduring strength and versatility. The growth prospects for the iron and steel industry remain promising, driven by increasing urbanization, infrastructure development, and demand for durable materials in construction and manufacturing sectors.

CAGR: 7.5%
Market size: $ 182 Bn
GDP Contribution: 2.3%
Market drivers:
– Rising demand from automobile and infrastructure
– Technological advancements

Defense Sector

India is one of the world’s largest defense spenders, and the domestic defense industry is growing rapidly. The Indian government has set ambitious goals for the defense industry, with the aim of becoming self-reliant in critical defense technologies and reducing imports.

CAGR: 7%
Market size: $ 11 bn
Market drivers:
– Increasing defense spending
– Focus on self-reliance in defense
– Growing private sector participants

Art & Culture

The art and culture industry, a rich tapestry of human expression. It serves as a timeless vessel for preserving heritage and igniting societal imagination, playing a pivotal role in shaping our shared narratives and identity.

CAGR: 8.70%
Market size:- $25 Bn
Market drivers:
– Increasing heritage tourism
– Government’s support on promoting art & culture

Shipping

The shipping industry plays a pivotal role in facilitating the movement of goods and commodities, connecting the nation’s bustling ports to the global trade network, and fostering economic expansion through maritime transport.

CAGR: 7.5%
Market size: $300 Bn
GDP Contribution: 3%
Market drivers:
– Establishment of manufacturing unit in India
– Growth of the Indian economy
– Growth of the Indian Export and Imports Sector

Aviation & Dronetech

The Indian aviation industry is a key driver of economic growth and job creation. It is also a major source of foreign exchange earnings. The government is taking steps to promote the growth of the industry, such as investing in airport infrastructure and simplifying regulations.

CAGR: 8%
Market size: $11 Bn
GDP Contribution: 5%
Market drivers:
– Rise in air travel
– Expansion of low-cost carriers

Mining

Delving deep into the heart of the Earth, the mining industry forms the bedrock of modern civilization. Its tunnels and excavations reveal the hidden wealth that powers industries, infrastructure, and technological progress.

CAGR: 6.1%
Market size: $ 2145 Bn
GDP Contribution: 2.5%
Market drivers:
– Increasing demand for critical minerals
– Advances in mining technology

Travel & Tourism

The travel and tourism industry is a global economic powerhouse, encompassing a wide spectrum of services and activities that facilitate exploration, leisure, and cultural exchange, contributing significantly to economies while fostering cross-cultural connections.

CAGR: 4.42%
Market size: $ 855 Bn
GDP Contribution: 4.6%
Market drivers:
– Increasing desire for experiential travel
– Advances in online booking platforms

Chemical Industry

Unveiling a realm of molecular transformations, the chemical industry propels progress through its intricate fusion of science and manufacturing. This global endeavor underpins innovation, from everyday products to life-changing discoveries, shaping the very fabric of modern civilization.

CAGR: 5.9%
Market size: $304 Bn
GDP Contribution: 7%
Market drivers:
– Increased demand for sustainable and eco-friendly chemicals
– Advancements in chemical manufacturing processes and automation
– Growing applications of chemicals in various sectors

Advertising

In a world where perception is paramount, the advertisement industry wields creativity as its currency, weaving narratives that bridge brands with audiences, and fueling the dynamics of consumerism and communication on a global stage.

CAGR: 12.50%
Market size: 45 Bn
GDP Contribution: 15%
Market drivers:
– Increasing digitalization of advertising
– Evolving consumer behavior and preferences

Media & Entertainment

Unveiling a realm of imagination and storytelling, the media and entertainment industry captivates global audiences, weaving narratives that transcend cultures, enrich lives, and mirror the diverse tapestry of human experiences.

CAGR: 13.4%
Market size: $ 380 Bn
GDP Contribution: 1.9%
Market drivers:
– Rapid expansion of OTT (Over-The-Top) platforms
– Technological advancements in content delivery and immersive experiences

Film Industry

The world of filming is an intricate realm of visual storytelling which is one of the most dynamic and influential sector that shapes modern entertainment through creating a visual narratives that captivate global audiences.

CAGR: 10.30%
Market size: $ 172 Bn
GDP Contribution: 1%
Market drivers:
– Expansion of digital streaming platforms
– Increasing demand for new movie contents
– Increase in demand for theatrical experience post covid

NBFC

The Non-Banking Financial Company (NBFC) industry serves as a vital non-traditional financial intermediary, offering diverse financial services beyond traditional banks, ranging from loans and investments to insurance and wealth management.

CAGR: 12%
Market size: $ 13 Tn
GDP Contribution: 6.3%
Market drivers: 
– Increasing demand for credit
– Regulatory reforms

Healthcare Sector

At the intersection of health and technology lies the healthcare services industry, an essential global endeavor dedicated to preserving and enhancing human well-being through medical expertise, cutting-edge technology, and a commitment to improving lives.

CAGR: 5.4%
Market size: $ 9.1 Tn
GDP Contribution: 8.35%
Market drivers:
– Increasing population
– Increasing health awareness
– Technological advancements

BFSI

The Banking, Financial Services, and Insurance (BFSI) sector play a crucial role as a cornerstone of the financial landscape, offering a wide array of financial services that encompass traditional banking, insurance, and investment activities.

CAGR: 8.5%
Market size: $ 18.5 Tn
GDP Contribution: 8.1%

Market drivers:
-Growing demand for digital banking and financial solutions
-Regulatory advancements

Government Departments

Government Departments play a pivotal role in public administration, providing a wide array of essential services and programs to citizens. They encompass various sectors, from healthcare and education to infrastructure and social welfare.

Budget Growth Rate: 5%
Annual Expenditure: $8.2 Tn
Employment Contribution: 8.1%

Driving Factors:
-Evolving public needs and expectations
-Legislative and policy changes