IBEF Posters on Indian economy and business

Engineering

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.

Infrastructure

In FY21, infrastructure activities accounted for 13% share of the total FDI inflows of US$ 81.72 billion.

Automobile

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.

IT & ITeS

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.

Pharmaceuticals

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.

Economy and Trade

The foreign trade policy 2021-26 is also expected to boost MSMEs and e-commerce exports and identify new sectors to boost domestic export.

Textiles

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.

Telecommunications

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.

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