India is the one of the world's largest producers of textiles and garments. The Indian textiles industry accounts for about 24 per cent of the world’s spindle capacity and 8 per cent of global rotor capacity.
The Indian tourism and hospitality industry has emerged as one of the key drivers of growth among the services sectors in India. In 2013, the travel and tourism industry contributed Rs 2.17 trillion (US$ 36 billion) or 2 per cent to the country's gross domestic product (GDP). This is expected to rise to Rs 4.35 trillion (US$ 72.17 billion) in 2024.
India’s young urban demography is today an attractive market for foreign investors, and with the Indian government’s willingness to invest in urban development, the segment’s future looks good. India’s urban population is projected to increase from 340 million in 2008 to 590 million in 2030.
India is emerging as a global hub for auto component sourcing due to its close proximity to key automotive markets such as the Middle East and Europe. Total market size of India's auto components sector is expected to reach US$ 115 billion by FY21.
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