Question: Which Industry Will Grow In 2020 In India?

Which sector will perform in 2020?

5 Best industry sectors in 2020 for Indian investorsBanking.

Are you serious.

Infrastructure.

Despite the economic challenges, the Indian government continues to invest more – through a slew of infrastructure projects including expressways, railway lines, and freight corridors.

Automobile.

Information Technology.

Consumer Electronics..

Which is the future industry in India 2020?

INFORMATION TECHNOLOGY According to the IBEF (India Brand Equity Foundation) figures, the Indian IT industry is set to touch $225 billion by 2020. Industry experts and NASSCOM say the Indian IT workforce will touch 30 million by 2020, becoming the highest sector employer.

What are the main industries in India?

Which are the major industries in the Indian Economy? Answer: The major industries in the Indian Economy are Iron & Steel, Textiles, Jute, Sugar, Cement, Paper, Petrochemical, Automobile, Information Technology (IT), and Banking & Insurance.

Which industry in India is most well known today?

Chemical Industry. Currently, the chemical industries in India produces more than 70,000 commercial goods. … Textile Industry India. This industry covers a variety of products. … Steel Industry. The steel industry in India is expected to be 400 years old. … Cement Industry.

What is future of IT industry in India?

Following are the achievements of the Government during 2019-20: About 200 Indian IT firms are present in around 80 countries. Total export revenue of the industry is expected to grow 8.1% y-o-y to US$ 147 billion in FY20. IT-BPM sector accounted for the largest share in the Indian services export at 45%.

Which sector has more job opportunities in India?

agricultural sectorIn India, agricultural sector provides more job opportunities than any other sector. It employs 50% of the workforce of the country. It also accounts for 18% of the total GDP of India.

Which share is best to buy tomorrow?

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What is India’s biggest industry?

The Indian automobile industry is the world’s fourth largest by production. It has $672 billion worth of retail market which contributes over 10% of India’s GDP and has one of world’s fastest growing e-commerce markets….Economy of India.StatisticsGDP by sectorAgriculture: 15.4% Industry: 23% Services: 61.5% (2017 est.)42 more rows

Which city has most industries in India?

Tamil Nadu is the state with the largest number of factories in India, and its capital city Chennai is the largest industrial and commercial center of South India.

Which is the best profitable business in India?

Top 10 Most Profitable Business in India with Low Investment Insurance Agent. ‘Precautions are any day better than cure. … Real Estate Agency. … Labor Contractor. … Co-working Space Venture. … Cleaning Service Business. … Affiliate Marketing. … Travel Agency to make travel arrangements. … Organic Farming and other Consumables.More items…•

Which sector is largest employer in India?

agricultural sector PrimaryThe agricultural sector Primary is the largest employer in India. Nearly 51% of the population is engaged in this section in one way or the other. However its share in the national GDP is very less because of the following reasons.

What are 3 major industries?

Major industriesAgriculture.Manufacturing.Services.

Which industries will grow in future?

From biotechnology to artificial intelligence, we count down five of the fastest growing industries.1 – Renewable energy. … 2 – Cybersecurity. … 3 – Biotechnology. … 4 – Virtual reality. … 5 – Artificial intelligence.

Which is fastest growing sector in India?

SynopsisRankBrand NameIndustry1One 97 / PaytmFinancial Services2GoBOLTTransport & Support Services3Saankhya LabsAerospace, Defence & Security4RazorpayFinancial Services9 more rows•Feb 1, 2020

Which sector is best to invest?

7 Sectors for Long Term InvestmentIT (Information Technology): The revival of USA economy is good news for IT sector. … Pharma (Pharmaceuticals) Recently Govt of India has taken certain steps to promote pharma sector. … Housing Finance Companies / NBFC: … Auto – 4 Wheeler. … Infrastructure: … FMCG – Urban Consumption. … Logistics.

Which industry is growing the fastest?

5 out of 20 fastest-growing industries from 2019 to 2029 are in healthcare and social assistanceIndustryAnnual rate of changeNet changeOffice administrative services1.798,700Museums, historical sites, and similar institutions1.629,800Other ambulatory health care services1.653,300Animal food manufacturing1.610,80037 more rows•Sep 4, 2020

What is the future industry in 2025?

Goldman Sachs is betting on the virtual and augmented reality industry to become an $80 billion market by 2025 – it’s around $7 billion right now. Major upgrades will come to technology infrastructure and an ecosystem of apps will form for consumers and enterprises alike.

In which sector has highest job opportunities?

The 7 industries with the most job openingsProfessional & business services. Rate: 5.8% Number of openings: 1.3 million. … Health care & social assistance. Rate: 5.6% Number of openings: 1.2 million. … Accommodation & food services. Rate: 5.5% … Retail trade. Rate: 5.3% … Real estate. Rate: 5.1% … Transportation, warehousing & utilities. Rate: 4.8% … Construction. Rate: 4.4%