Key Highlights
- India’s manufacturing sector contributed approximately 16% to the GDP in 2022
- India’s renewable energy capacity reached 124 GW by August 2023
- The Indian automobile industry was valued at around $118 billion in 2022
- The Indian pharmaceutical industry is expected to reach a market size of $55 billion by 2023
- India’s IT sector revenue was approximately $194 billion in 2022
- The capacity utilization of Indian factories stood at about 72% in 2022
- India’s railway freight volume was around 1.3 billion tonnes in 2022
- The total export value of Indian goods was $422 billion in 2022
- India’s consumer electronics market was valued at approximately $23 billion in 2022
- The Indian e-commerce market is projected to reach $200 billion by 2026
- India’s cement production was about 331 million tonnes in 2022
- The agricultural sector accounts for nearly 18% of India’s GDP
- India’s steel production was approximately 125 million tonnes in 2022
India’s bustling industries are rewriting the economic landscape, with manufacturing contributing 16% to GDP and sectors like renewable energy, automotive, pharmaceuticals, IT, and e-commerce witnessing explosive growth and innovation.
Consumer Markets and Retail
- India’s consumer electronics market was valued at approximately $23 billion in 2022
- The Indian e-commerce market is projected to reach $200 billion by 2026
- The Indian jewelry market is expected to reach $108 billion by 2025
- The Indian tourism industry contributed around $40 billion to the economy in 2022
- The Indian apparel industry is projected to reach a market size of $59 billion by 2025
- India’s telecom subscriber base surpassed 1.2 billion in 2023
- The Indian toy industry is valued at around $2 billion in 2022
- The Indian startup ecosystem attracted over $15 billion in investments in 2022
- The Indian fashion industry is estimated to be worth $59 billion in 2022
- India’s digital payments market grew by over 55% in 2022, reaching a transaction volume of $450 billion
- The Indian edible oil market was valued at $20 billion in 2022
- India’s retail sector accounted for approximately 10% of the GDP in 2022
- The Indian gold jewelry market was valued at about $38 billion in 2022
Consumer Markets and Retail Interpretation
Energy and Resources
- India’s renewable energy capacity reached 124 GW by August 2023
- India’s renewable energy investment was over $12 billion in 2022
- The Indian oil and gas industry accounted for about 4% of the GDP in 2022
- India’s coal production was around 893 million tonnes in 2022
- The renewable energy sector in India’s employment surpassed 1 million jobs in 2022
- The Indian mineral industry contributes approximately 2.5% to the national GDP
Energy and Resources Interpretation
Exports and International Trade
- India’s IT sector revenue was approximately $194 billion in 2022
- The total export value of Indian goods was $422 billion in 2022
- India’s knitwear export value was approximately $2.5 billion in 2022
- India’s textiles exports declined by about 6% in 2023 compared to previous year
- India’s pharmaceutical exports are valued at around $24 billion in 2022
- Indian handicrafts exports amounted to approximately $3 billion in 2022
Exports and International Trade Interpretation
Industry and Manufacturing
- India’s manufacturing sector contributed approximately 16% to the GDP in 2022
- The Indian automobile industry was valued at around $118 billion in 2022
- The Indian pharmaceutical industry is expected to reach a market size of $55 billion by 2023
- The capacity utilization of Indian factories stood at about 72% in 2022
- India’s cement production was about 331 million tonnes in 2022
- The agricultural sector accounts for nearly 18% of India’s GDP
- India’s steel production was approximately 125 million tonnes in 2022
- The Indian textiles industry has an estimated market size of $150 billion
- India’s diamond cutting and polishing industry employs over 1 million people
- The plastics industry in India was worth about $23 billion in 2022
- India’s packaging industry is valued at approximately $26 billion
- India’s chemical industry processed over 15 million tonnes of chemicals in 2022
- India’s sugar production was approximately 330 million tonnes in 2022
- The Indian packaging industry is projected to grow at a CAGR of 15% during 2022-2027
- India’s electronics manufacturing sector is expected to reach $300 billion by 2026
- Food processing industry in India is expected to reach $535 billion by 2025
- India’s paper industry reported sales of approximately $11 billion in 2022
- India’s leather industry generated revenues close to $15 billion in 2022
- India’s cement consumption is expected to reach 440 million tonnes by 2025
- The Indian hosiery and knitwear sector is projected to grow at a CAGR of 8% through 2025
Industry and Manufacturing Interpretation
Infrastructure and Transportation
- India’s railway freight volume was around 1.3 billion tonnes in 2022
- The telecommunications sector invested around $11 billion in infrastructure in 2022
- The Indian logistics industry is valued at around $215 billion as of 2023
- India’s logistics industry is expected to reach $350 billion by 2030
Infrastructure and Transportation Interpretation
Sources & References
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