Turnover of the capital goods industry was estimated at US$ 92.00 billion in 2019 and is forecast to reach US$ 115.17 billion by 2025.
In FY21, infrastructure activities accounted for 13% share of the total FDI inflows of US$ 81.72 billion.
In October 2021, the total production volume of passenger vehicles (except for BMW, Mercedes, Tata Motors & Volvo Auto), three wheelers, two wheelers and quadricycles reached 2,214,745 units.
According to Gartner estimates, IT spending in India is estimated to reach US$ 93 billion in 2021 (7.3% YoY growth) and further increase to US$ 98.5 billion in 2022.
India’s domestic pharmaceutical market is estimated at US$ 42 billion in 2021 and likely to reach US$ 65 billion by 2024 and further expand to reach ~US$ 120-130 billion by 2030.
The foreign trade policy 2021-26 is also expected to boost MSMEs and e-commerce exports and identify new sectors to boost domestic export.
India’s Textiles industry has around 4.5 crore employed workers including 35.22 lakh handloom workers across the country. The Indian textiles market is expected to be worth >US$ 209 billion by 2029.
By 2025, India will need ~22 million skilled workers in 5G-centric technologies such as Internet of Things (IoT), Artificial Intelligence (AI), robotics and cloud computing.