Agriculture & Allied Sector
Share of Gross Value Added by Agriculture and Allied sector to total economy is 18.3% for FY 2022-23
# 1
Milk production in the world contributing 24% of global milk production# 1
Producer of millet in the world with an area of 15.48 million hectares under cultivation.# 1
Producer of Sugar# 1
Number of organic farmers and has 59.1 Lakh ha area under organic farming
Animal Husbandry and Dairying
Largest producer of Buffalo Meat, 2nd largest producer of Goat Meat and 3rd in Egg production in the World
$ 30.46 Bn
Size of Indian Poultry Industry (2023)100%
FDI Allowed through Automatic Route for Food Processing5.62%
The annual growth rate for meat production in India (2021-22)8.1%
Expected CAGR of Indian Poultry Market (2024-2032)
[ + SHOW SUBSECTOR ]Auto Components
Value of the Auto Components industry to reach $300 Bn by 2026.
2.3%
Share in India's GDP$ 80.8 Bn
Size of Indian Original Equipments Manufacturers ( OEMs)$ 20.1 Bn
Auto Component exports
Automobile
Centre sanctions INR 800 Cr under FAME Scheme Phase II for 7432 public fast charging stations
7.1%
Share in India's GDP37 Mn
Employment generated40%
Share in global R&D4.7%
Share in India's exports
[ + SHOW SUBSECTOR ]Aviation
India to become the third largest aviation market in the world by 2024.
23%
Passenger Traffic Growth106%
Foreign Tourist Arrival growth36
Total Flying Training Organizations45.9%
Domestic Aircraft Movement Growth
Ayush
India is the 2nd largest exporter of Ayurveda and alternative medicine globally.
$ 6 Bn
Service Sector Size$ 7 Tn
Ayush based Healthcare & Wellness economy by 202537 K+
Ayush Dispensaries in India as of 2023
BFSI - Banking
India is set to have the third-largest domestic banking sector by 2050.
1.8 Mn
Number of ATMs (including Micro ATMs)$ 2.17 Tn
Total Deposits (Approx)137
No. of Schedule Commercial Banks$ 1.6 Tn
Bank Credit SCBs (FY 23)
BFSI - Insurance
India is projected to become the 6th largest insurance market by 2032.
$ 97 Bn
Premium Volume : Life Insurance : 2021$ 30 Bn
Premium Volume: Non Life Insurance : 202117.91%
Growth in New Business Premium (Life) in FY23$ 45
New Business Premium (Life) in FY23
BFSI – Fintech & Financial Services
India has the highest FinTech adoption rate globally of 87% which is significantly higher than the Global average rate of 64%.
116 Bn
Number of digital transactions in FY 2023-24 (till 11.12.2023)INR 139 Lakh Cr
Value of digital payment transactions done via UPI (FY 2022-23)17
Fintech Unicorns$ 34 Bn
Fintech Funding (2014-2022) (approx)
Biotechnology
India is emerging as the world's major bioeconomy with fast-growing Biotech StartUps
75++
Bio-incubators$ 17 Bn
Expected revenue generation from vaccines by 2025800+
Core Biotech Companies32000+
Employment Generated
Capital Goods
Capital goods contribute 12% to the overall manufacturing in India.
25%
Targeted Contribution to manufacturing sector5 Mn
Direct employment40%
T&D equipment demand
Chemicals
The chemical industry is a knowledge intensive as well as capital intensive industry.
7.98%
Share of GVA in Chemical manufacturing sector11.7%
Chemical products exports share6.08%
YoY Growth in production of Major Petrochemicals (till Aug 2023)
Construction
100 Smart Cities, 11 Industrial Corridors.
9%
Share in India's GDP51 Mn
People employed
[ + SHOW SUBSECTOR ]Defence Manufacturing
India’s defence exports have reached an all-time high of INR 21,083 Cr in FY 2023-24.
3.3%
Share of GDP spent on defence (2023-24)$ 2.63 Bn
Defence exports have reached an all-time high in FY 2023-24$ 1.068 Tr
Current value of Defence production in FY 2022-234.72%
Increase in Defence Budget of FY 2024-25 over the FY 2023-24 Budget
Education
India to become $313 Bn education market by 2030.
2.9%
India’s public spending on Education in terms of GDP in FY2023.# 2
Largest education system in the world25%
Proportion of world's school children in India
Electronic Systems
India's electronics production is projected to become $300 Bn by FY26
$ 1 Tn
Digital Economy by FY26$ 155 Bn
Indian Electronics Market$ 30 Bn
Fiscal incentives for ESDM & Allied Sectors
[ + SHOW SUBSECTOR ]Fisheries & Aquaculture
2nd largest aquaculture country in the world accounting for 8% of Global production.
90.6%
Increase (value terms) in marine product exports from 2013-14 to 2021-2210.34%
Annual growth rate of fish production from 2020-21 to 2021-228%
Average annual growth rate of the fisheries sector in last 8 years
Food Processing
Average Annual Growth Rate (AAGR) of 7.26% in the last 7 years
18.3%
Share of GVA of Agriculture & Allied Sector in Total Economy (at current prices) (2022-23)12.22%
Share in total employment$ 51 Bn
Worth of agricultural and processed food products exported in 2022-23141.6%
Cropping intensity
[ + SHOW SUBSECTOR ]Healthcare
The Indian healthcare sector is one of the largest sectors in terms of both revenue & employment.
255 Mn+
eSanjeevani telemedicine consultations have been completed4000+
Healthtech startups working in India1.3 Mn
Workforce of Allopathic Doctors in India170 K
Functional Ayushman Arogya Mandir
[ + SHOW SUBSECTOR ]IT & BPM
India is the Global Destination for Digital Talent
7.5%
Share in India's GDP57-58%
Share in global sourcing38%%
Share of IT & BPM sector in total services in exports of India60%
Firms use India for testing services.
Leather and Footwear
The Leather Industry holds a prominent place in the Indian economy providing employment to about 4.42 Mn people
8.19%
Export Share of Finished Leather (2022-23)45.2%
Export share of Leather Footwear (2022-23)5.42%
Export share of Non-Leather Footwear (2022-23)
Media
Among the Fastest Growing Media & Entertainment Markets in the World.
57%
Traditional Media’s contribution to total M&E revenue38%
New Media’s contribution to total M&E revenue15%
E-commerce advertising crossed INR 185 Bn to garner with total digital advertising
[ + SHOW SUBSECTOR ]Medical Devices
India is the 4th largest market for medical devices in Asia, among the top 20 markets globally
15%
Market Growth Rate (expected)6000+
Types of Medical Devices in India10-12%
The market share to increase to 10-12% over the next 25 years
Metals & Mining
India produces as many as 95 minerals, which include 4 fuel, 10 metallic, 23 non-metallic, 3 atomic and 55 minor minerals (including building and other materials).
997.25 MT
Coal production in 2023-24$ 17.46 Bn
FDI equity inflows to Metallurgical Industries and Mining (Apr 2000 to Dec 2023)$ 27.73 Mn
FDI equity inflows to coal production (Apr 2000 to Dec 2023)
Oil & Gas
India’s journey to be energy self-sufficient by 2047 has begun well.
-25.78%
Decreasing Kerosene consumption CAGR (2013-14 to 2022-23)10.4%
Electricity Consumption Growth (Apr-Feb 2023)4.41%
Availability of Petroleum products CAGR (2013-14 to 2022-23)
Paper & Packaging
Indian Paper Industry Goes Global: Remarkable sixfold increase in India’s exports of Paper and Paperboard products in 2021-22 compared to 2015-16.
18%
Share of Wood in total production7 %
Share of Agro in total production75%
Share of Waste Paper Mill in total production
Pharmaceuticals
The Indian pharma industry ranks 3rd globally in pharmaceutical production by volume.
3.32%
Total FDI inflows$ 27.85 Bn
Export of Drugs & Pharmaceuticals (FY 2023-24)$ 22.52 Bn
FDI (Apr 2000 to Mar 2024)
Ports & Shipping
Maritime transport in India handles 95% of the trade by volume
1129.63 MT
Cargo Traffic at Indian Ports (2022-23)8.8%
Growth rate in the cargo handled by Major Ports1526
Fleet of ships sailing under Indian Flag (as of 2023)1617 MTPA
Cargo Handling Capacity of all Major Ports ( as on 31.03.2023)
Railways
India has one of the world's largest rail network in terms of passenger traffic
12 Bn
Annual Estimated Passengers in 20318,220 MT
Annual Estimated Freight Demand in 20312024 MT
Freight Loading by 2024$ 17.2 Bn
Revenue from freight traffic
Renewable Energy
India is 4th globally for total renewable power capacity additions
31 X
Increase in Solar Power installed capacity from 2.6 GW to 84.27 GW since 20142 X+
Increase in Wind capacity from 21 GW to now at 46.92 GW since 201442.26%
India's share in total installed capacity
Retail & E-commerce
Indian retail market is projected to reach $2 Tn by 2032.
10%
Contribution to India's GDP8%
Share in India's employment10%
Growth rate of retail sector over 2022-3212%
Share of Organised retail of total retail market
[ + SHOW SUBSECTOR ]Roads & Highways
India has the second largest road network in the world of about 66.71 Lakh km.
28.3 Km/Day
Pace of NH Construction in FY 2022-231.46 Lakh Km+
Total length of National Highways (2022-23)$ 102 Bn+
Investments raised by NHAI InvIT from FIIs and DIIs (up to Dec 2022)
Space
Indian Space Economy is set to reach $13 Bn by 2025
3.6%
World space related companies in India424
Foreign satellite launched of 34 countries$ 279 Mn+
Revenue earned by India from launch of foreign satellites by ISRO
Sports
India is Asia's top producer of Sporting Goods with $ 2.4 Bn Sports Infrastructure Opportunities
318+
Sports good manufactured in India107
Medals, highest ever in Asian Games 2023298
Sports infra projects approved under Khelo India Programme
Sustainability
Explore India's Inspiring Journey
500 GW
Non-fossil fuel capacity by 203050%
Nation's energy requirements to be met by Renewable Energy45%
Reduction in carbon intensity of the economy by 2030
Telecom
World's 2nd Largest Mobile Market
928.41 Mn
Broadband Connections (as on 31st Apr 2024)4 Mn
Total employment125 Mn+
User Base of 5G100
No. of smart cities
Textiles & Apparel
7 PM-MITRA Parks announced
2
cotton producer globally in 2022-232
India is the 2nd largest consumer of cotton globally3
India is the 3rd largest exporter of Textiles & Apparel globally
[ + SHOW SUBSECTOR ]Thermal Power
India has the 5th highest installed thermal power capacity globally.
47.4%
Coal Installed Capacity444.75 GW
Total Installed Capacity10.6%
Hydro Installed Capacity33%
Wind, Solar & Other RE Installed Capacity
Tourism & Hospitality
India ranks 6th according to WTTC in terms of Travel & Tourism total contribution to GDP in 2022
9.23 Mn
Foreign Tourist Arrivals (Jan-Dec 2023)1.73 Bn
Domestic Tourist Visits to all States/UTs (2022)305.4%
Annual Growth Rate of FTAs in India (2022)$ 28.07 Bn
Foreign exchange earnings (FEE) from tourism (Jan-Dec 2023)1.64%
Share of India in International Tourism Receipts (ITRs) in World