The engineering sector is the largest of the industrial sectors in India. The industry accounts for 27 per cent of the total factories in the industrial sector and represents 63 per cent of the overall foreign collaborations.
The services sector has been a great stimulus to the Indian economy accounting for 56.9 per cent of the gross domestic product (GDP), wherein the financial services segment has been a major contributor. The growth of the financial sector in India at present is nearly 8.5 per cent per year.
India is the world's second largest producer of food and has the potential of being the biggest, backed by its food and agricultural sector. The total food production in India is likely to double in the next 10 years with the country’s domestic food market estimated to reach US$ 258 billion by 2015.
India has substantial reserves of gold, diamond, ruby and other gemstones. In FY 2013–14, the Indian gems and jewellery sector contributed US$ 34,746.90 million to India's foreign exchange earnings (FEE).
The Indian healthcare industry has progressed at an impressive pace over the past few years. The private sector has emerged as a vibrant force in the industry, accounting for almost 74 per cent of the country’s total healthcare expenditure.
Building Robots with Human Intelligence Innovator-entrepreneur Aakash Sinha foresees a disruptive future for intelligent robotics in India. His company Omnipresent Robot Tech is set to be among the first movers.
Join IBEF.org now. Enjoy FREE subscriptions downloads, updates and more.
All material, information, data, images or content on this website is subject to copyright or other applicable intellectual property laws and no part of it can be reproduced in any form (including paper or electronic form) without prior written consent and approval from IBEF. Infringements are subject to prosecution under the applicable laws. For consent related queries and conditions, please write to email@example.com
An initiative of the Ministry of Commerce & Industry, Government of India