Industries Covered

Infrastructure

India has ambitious plans for infrastructure development in the coming years. The government has set a target of investing $1.4 trillion in infrastructure by 2024, with a focus on sectors such as transportation, energy, and housing.

Transportation infrastructure is a major focus, with plans to expand the country’s highways, railways, and airports. The government is working on several large-scale projects such as the Bharatmala Project, which aims to develop a network of highways and expressways across the country, and the Sagarmala Project, which aims to modernize and expand India’s ports and coastal shipping.

In the energy sector, the government is investing in the expansion of renewable energy sources, such as solar and wind power, as well as the construction of new power plants.

The government is also focusing on the development of affordable housing, with the aim of providing “Housing for All” by 2022.

However, the country is facing some challenges in implementing these infrastructure projects, such as lack of land acquisition, regulatory hurdles, and lack of financing. Despite this, the government is taking steps to address these issues and the overall outlook for infrastructure development in India is positive.

Power Energy & Steel

The outlook for the power, energy, and steel industries in India is generally positive. The Indian government has set ambitious targets for increasing the country’s power generation capacity and reducing dependence on fossil fuels. The country is also working to increase its use of renewable energy sources, such as solar and wind power.

The Indian steel industry is also expected to grow in the coming years, driven by increased infrastructure development and a growing demand for steel in the construction and automotive sectors. However, the industry is facing challenges such as overcapacity and a shortage of raw materials.

Overall, the power, energy, and steel sectors in India are expected to see significant growth in the next few years, but the industries will also have to address various challenges to sustain the growth.

Telecom

The telecom sector in India is one of the fastest-growing in the world and is expected to continue to grow in the coming years. The sector is characterized by intense competition among the major players, which has led to a decline in tariffs and an increase in the number of subscribers.

The government has implemented a number of policies to boost the growth of the telecom sector, including the allocation of spectrum for the roll-out of 4G services and the launch of the Digital India initiative, which aims to provide access to high-speed internet to all citizens.

The government’s 5G policy is also expected to give a boost to the telecom sector, as it aims to roll out 5G services in the country by 2022. This is expected to lead to increased demand for high-speed data services and the development of new technologies such as the Internet of Things (IoT) and artificial intelligence (AI).

The Indian telecom sector is facing some challenges such as regulatory uncertainty, intense competition, and high levels of debt. However, the government is taking steps to address these issues and the overall outlook for the telecom sector in India is positive.

The consumption of data is increasing at a rapid pace, and with the current scenario, it’s expected that the data consumption will continue to increase with the increased adoption of video streaming and social media platforms. The government’s push towards digitalization, the increasing number of smartphone users, and the launch of 5G services are all expected to drive growth in the sector.

Trading

India is rich in natural resources, such as fossil fuels, timber, fertile soil or precious metals and minerals and we leverage out trading on these items. Exporting and importing helps grow national economies and expands the global market. Every country is endowed with certain advantages in resources and skills.

Banking,Insurance and Financial Institutions

The banking industry in India is expected to continue to grow in the coming years, driven by factors such as increasing economic growth, rising incomes, and a growing middle class. The banking sector is expected to benefit from the government’s push towards financial inclusion, as well as the implementation of various digital initiatives such as the Unified Payment Interface (UPI) and the introduction of new technologies such as the use of artificial intelligence (AI) and blockchain in banking operations.

The Indian banking sector is also expected to benefit from the government’s focus on infrastructure development and the Make in India initiative, which aims to boost manufacturing in the country. This is expected to lead to increased credit demand from the industry and infrastructure sectors.

However, the banking sector in India is facing some challenges such as the high levels of non-performing assets (NPAs) and weak asset quality, regulatory challenges, and intense competition among the major players. The Reserve Bank of India (RBI) has implemented measures to address these issues, such as the implementation of the Prompt Corrective Action (PCA) framework and the introduction of the Insolvency and Bankruptcy Code (IBC).

Overall, the outlook for the banking industry in India is positive, with growth expected to be driven by the government’s focus on financial inclusion, digitalization, and infrastructure development. However, the industry will need to address the challenges it is facing and the Government will need to continue to implement policies that support the growth of the sector.

The insurance industry in India is expected to continue to grow in the coming years, driven by factors such as increasing awareness about the importance of insurance and the government’s push towards financial inclusion. The industry is expected to benefit from the implementation of various digital initiatives such as the launch of the Pradhan Mantri Jan Dhan Yojana (PMJDY), which aims to increase financial inclusion and the use of new technologies such as artificial intelligence (AI) and big data to improve distribution and underwriting.

The government’s focus on infrastructure development and the Make in India initiative is also expected to boost the growth of the insurance industry, as increased economic activity will lead to increased demand for insurance products.

The insurance sector in India is facing some challenges such as lack of awareness about insurance products, low penetration rates, and the need for more effective distribution channels. However, the government has implemented policies to address these issues and the overall outlook for the insurance industry in India is positive.

The insurance industry in India is expected to see growth in the coming years, driven by the government’s focus on financial inclusion, increasing awareness about insurance and the use of new technologies to improve distribution and underwriting. The introduction of new regulations such as the Insurance Regulatory and Development Authority of India (IRDAI) regulations for the distribution of insurance products, and the increased focus on the use of digital channels for distribution, are also expected to support growth in the industry.

Retail, White Goods & Consumer Electronics

India is the world’s fifth-largest global destination in the retail space. The Indian retail industry has emerged as one of the most dynamic and fast-paced industries due to the entry of several new players. It is ever-evolving with new products being made to the multifaceted consumer market. The technology and e-commerce sectors have further transformed the Indian retail space.

Woman touching a global network connection, Omni Channel and communications concept

IT & Information Technology Enabled Services

The IT & Information Technology Enabled Services (ITeS) sector in India is expected to continue to grow in the coming years. The sector is a major contributor to the Indian economy, and is characterized by a large pool of skilled and cost-competitive labor. The sector includes services such as software development, business process outsourcing (BPO), and engineering design services.

The government’s focus on digitalization and the launch of initiatives such as the Digital India program and the Make in India initiative are expected to drive growth in the IT & ITeS sector. The increasing adoption of technologies such as artificial intelligence (AI) and the Internet of Things (IoT) is also expected to create new opportunities for the sector.

The sector is also expected to benefit from the growing demand for IT services from the banking, financial services and insurance (BFSI) sector, healthcare, retail and manufacturing industries.

However, the sector is facing challenges such as the need to upskill the workforce to meet the demands of new technologies, the lack of availability of suitable infrastructure and lack of access to funding, which may impede growth. But the government is taking steps to address these issues and the overall outlook for the IT & ITeS sector in India is positive.

Overall, the IT & ITeS sector in India is expected to continue to grow, driven by the government’s focus on digitalization, the increasing adoption of new technologies, and the growing demand for IT services from various sectors.

Automobile, Auto Ancillary and Manufacturing

The Automobile, Auto Ancillary and Manufacturing sector in India is expected to continue to grow in the coming years, driven by factors such as increasing economic growth, rising incomes, and a growing middle class. The government’s focus on infrastructure development and the Make in India initiative are also expected to boost the growth of the sector. The government is also focusing on electric vehicles (EVs) and has set a target of 30% EV sales by 2030.

The sector is facing some challenges such as the slowdown in the global economy, the impact of the COVID-19 pandemic, and the increased competition from other countries. The Indian Automobile industry is also facing the challenges of increased safety and emission norms, and the need to shift to electric vehicles.

However, the sector is expected to recover as the economy revives, and the government is taking steps to address the challenges faced by the sector. The government has announced a new production-linked incentive (PLI) scheme for the automobile and components industry, which aims to attract investment and boost production in the sector.

Overall, the Automobile, Auto Ancillary and Manufacturing sector in India is expected to continue to grow in the coming years, driven by increasing economic growth, rising incomes, and a growing middle class. The government’s focus on infrastructure development, Make in India initiative and the shift towards electric vehicles are also expected to boost the growth of the sector.

Education

The education sector in India is expected to continue to grow in the coming years, driven by factors such as increasing enrollment, rising incomes, and a growing middle class. The government’s focus on increasing access to education and the launch of initiatives such as the Right to Education (RTE) Act and the National Education Policy (NEP) 2020 are also expected to drive growth in the sector.

The Indian education sector has been impacted by the COVID-19 pandemic, with the closure of schools and universities, and the shift to online learning. This has led to a growing demand for digital and online education in the country.

However, the sector is facing some challenges such as the lack of quality teachers, inadequate infrastructure, and the need to improve the quality of education. The government is taking steps to address these issues and the overall outlook for the education sector in India is positive.

The government has announced plans to increase the education budget and has also announced a new National Recruitment Agency (NRA) to conduct a common eligibility test (CET) for the recruitment of non-gazetted posts in the government sector. The NEP 2020 also focuses on the use of technology in education, the strengthening of vocational education and the integration of technology and vocational education and training.

Overall, the education sector in India is expected to continue to grow in the coming years, driven by increasing enrollment, rising incomes, and a growing middle class. The government’s focus on increasing access to education and the launch of initiatives such as the Right to Education (RTE) Act and the National Education Policy (NEP) 2020 are also expected to drive growth in the sector. However, the sector will need to address the challenges it is facing and the Government will need to continue to implement policies that support the growth of the sector.

Charitbale and Service Sectors

The charitable and service sectors in India are expected to continue to grow in the coming years, driven by factors such as increasing awareness about social issues and the government’s push towards development and social welfare. The charitable and service sector includes organizations such as non-profit organizations (NGOs), charitable trusts and foundations, and government-funded social welfare programs.

The government’s focus on development and social welfare is expected to drive growth in the charitable and service sectors. The government’s various schemes such as the Pradhan Mantri Jan Dhan Yojana (PMJDY) to increase financial inclusion, the Pradhan Mantri Awas Yojana (PMAY) to provide housing for all, and the Ayushman Bharat to provide healthcare for all, are expected to benefit the charitable and service sectors.

However, the sector is facing some challenges such as lack of funding, lack of transparency and accountability, and lack of skilled personnel. But the government is taking steps to address these issues and the overall outlook for the charitable and service sectors in India is positive.

Overall, the charitable and service sectors in India are expected to continue to grow in the coming years, driven by increasing awareness about social issues and the government’s push towards development and social welfare. The Government’s focus on development and social welfare is expected to drive growth in the sector. However, the sector will need to address the challenges it is facing, and the government will need to continue to implement policies that support the growth of the sector.