India’s industrial pulse is showing up in fresh, hard figures for 2025 and beyond, from manufacturing acceleration to faster EV adoption. Passenger vehicles topped 4.1 million units in FY24 with EV sales jumping 50% to 1.5 million in CY2024, yet auto exports hit 4.6 million units valued at USD 24 billion. Follow how these shifts ripple across cars, two wheelers, steel, power, pharma, and IT employment to 37 million jobs and counting.
Key Takeaways
- India's passenger vehicle sales reached 4.1 million units in FY24, growing 8.9% YoY
- Two-wheeler production in India was 19.5 million units in FY24
- Commercial vehicle sales grew 6.9% to 962,000 units in FY24
- India's crude steel production reached 144.4 MT in FY24
- Installed power capacity in India was 446 GW as of August 2024
- Renewable energy capacity hit 150 GW by June 2024
- India's IT industry revenue reached USD 254 billion in FY24, growing 8.2% YoY
- IT exports from India were USD 199 billion in FY24
- The Indian IT-BPM industry employed 5.4 million people in FY24
- In FY23, India's manufacturing sector index stood at 144.1 (2011-12=100), reflecting a growth of 5.2% over FY22
- The Index of Industrial Production (IIP) for manufacturing in December 2023 grew by 3.2% compared to December 2022
- India's manufacturing output reached USD 451 billion in FY23, accounting for 17% of GDP
- India's pharmaceutical market size was USD 50 billion in FY24, growing 12% YoY
- India exported pharmaceuticals worth USD 27.85 billion in FY24
- Generic drugs account for 20% of global supply from India in 2024
India’s auto and industrial growth surged in FY24, with EV sales jumping 50% alongside rising exports.
Related reading
01 · Category
Automotive22 stats
01
India's passenger vehicle sales reached 4.1 million units in FY24, growing 8.9% YoY
02
Two-wheeler production in India was 19.5 million units in FY24
03
Commercial vehicle sales grew 6.9% to 962,000 units in FY24
04
India's auto exports reached 4.6 million units in FY24, valued at USD 24 billion
05
EV sales in India surged 50% to 1.5 million units in CY2024
06
Auto components turnover hit USD 74 billion in FY24
07
Tractor production was 9.8 lakh units in FY24
08
Three-wheeler sales reached 5.9 lakh units in FY24, up 16%
09
India's auto industry employs 37 million people directly and indirectly in 2024
10
PLI scheme for auto sector: INR 25,938 crore incentive outlay over 5 years
11
Two-wheeler exports 3.5 million units in FY24
12
Passenger car production 4.2 million units in FY24
13
CV exports 85,000 units in FY24
14
Auto FDI inflows USD 35 billion since 2000
15
EV two-wheeler market share 5% of total two-wheelers in FY24
16
Tyre production capacity 1,800 TPD in India 2024
17
Battery manufacturing capacity for EVs to reach 100 GWh by 2030
18
Luxury car sales grew 20% to 45,000 units in CY2023
19
Bus production 45,000 units in FY24
20
Auto R&D spend USD 2.5 billion annually by OEMs
21
Quadricycle sales 10,000 units in FY24
22
Motorcycle production 17 million units in FY24
Interpretation
Automotive Interpretation
India’s auto industry is a roaring, multifaceted engine of growth—from the humble two-wheeler zipping through every alley to the sophisticated EV lab—powering millions of jobs, exports, and a clear, charged-up road to the future.
02 · Category
Energy Sector29 stats
01
India's crude steel production reached 144.4 MT in FY24
02
Installed power capacity in India was 446 GW as of August 2024
03
Renewable energy capacity hit 150 GW by June 2024
04
Coal production was 997 MT in FY24, up 10%
05
Electricity generation in FY24 was 1,949 BU, growth 8.5%
06
Solar power capacity 94 GW as of 2024
07
Wind energy installed capacity 47 GW in 2024
08
Hydro power capacity 47 GW operational in 2024
09
Natural gas production 33 BCM in FY24
10
Thermal power generation 1,450 BU in FY24
11
Nuclear power capacity 7.5 GW in 2024
12
Ethanol blending reached 12% in petrol during 2023-24
13
Oil refinery capacity 252 MMTPA as of 2024
14
Crude oil production 29.35 MMT in FY24
15
Green hydrogen mission targets 5 MMT production by 2030
16
Battery energy storage tenders 12 GW awarded by 2024
17
LPG consumption 28 MMT in FY24
18
Power sector capex INR 4.7 lakh crore in FY24
19
UDAY scheme restructured 2.8 lakh crore debt for discoms
20
Rooftop solar installations 10 GW by 2024
21
Pumped storage hydro projects 5 GW under construction 2024
22
Bioenergy capacity 10.4 GW equivalent in 2024
23
Coal gasifier projects under PLI: 100 MTPA capacity targeted
24
Electricity access reached 99.9% of households by 2024
25
Peak power demand met 235 GW in May 2024
26
Offshore wind potential 70 GW, pilots starting 2024
27
Small hydro capacity 5 GW installed
28
Energy efficiency savings 101 BU electricity by 2024 via standards
29
Petroleum products consumption 233 MMT in FY24
Interpretation
Energy Sector Interpretation
India's industrial engine is roaring with a voracious appetite for power and steel, still stubbornly fed by coal, while sprinting—with admirable speed and occasional stumble—to wire its future to the sun, wind, and an ambitious green hydrogen moon.
03 · Category
IT and Software26 stats
01
India's IT industry revenue reached USD 254 billion in FY24, growing 8.2% YoY
02
IT exports from India were USD 199 billion in FY24
03
The Indian IT-BPM industry employed 5.4 million people in FY24
04
Software services revenue grew to USD 194 billion in FY24 at 13.3% CAGR over 5 years
05
India's GCC revenue in IT reached USD 46 billion in FY24, growing 11.4% YoY
06
AI and analytics market in Indian IT is projected to reach USD 17 billion by 2027
07
Cloud services adoption in India IT sector is 70% among enterprises in 2024
08
Indian IT firms secured 1,200+ global deals worth USD 50 billion in FY24
09
Engineering R&D services in IT revenue was USD 38 billion in FY24
10
India's digital economy contribution to IT services is 20% of GDP by 2025 projection
11
BPM sector revenue hit USD 48 billion in FY24, employing 1.6 million
12
Cybersecurity market in Indian IT to reach USD 10.9 billion by 2028
13
5G rollout boosted IT telecom services to USD 40 billion in 2024
14
Product engineering services grew 16% to USD 25 billion in FY24 IT
15
India's IT startup funding reached USD 8 billion in 2023 despite downturn
16
Data analytics and AI patents filed by Indian IT firms: 15,000 in 2023
17
IT sector FDI inflows USD 45 billion from 2020-2024
18
Indian IT workforce skill in GenAI: 20% certified by 2024
19
SaaS exports from India USD 5 billion in FY24
20
IT hardware manufacturing under PLI: INR 8,000 crore incentives disbursed by 2024
21
Digital transformation deals in IT: USD 30 billion in FY24
22
India's share in global IT outsourcing: 55% in 2024
23
Gaming and esports market in IT: USD 3.1 billion in 2024
24
Fintech IT services revenue USD 15 billion in FY24
25
Healthtech IT market size USD 5 billion in 2024
26
Edtech sector in IT valued at USD 4 billion in 2024
Interpretation
IT and Software Interpretation
India's IT sector is now the nation's unshakeable economic backbone, having brilliantly evolved from its back-office roots into a quarter-trillion-dollar behemoth that dominates global outsourcing, powers the digital economy, and is rapidly engineering its future through AI, cloud, and a torrent of patents and startups.
More related reading
04 · Category
Manufacturing Sector30 stats
01
In FY23, India's manufacturing sector index stood at 144.1 (2011-12=100), reflecting a growth of 5.2% over FY22
02
The Index of Industrial Production (IIP) for manufacturing in December 2023 grew by 3.2% compared to December 2022
03
India's manufacturing output reached USD 451 billion in FY23, accounting for 17% of GDP
04
During April-November FY24, manufacturing IIP growth was 7.0% YoY
05
The manufacturing sector employed 12.4% of India's workforce in 2022-23, totaling about 62 million people
06
India's manufacturing PMI stood at 56.4 in September 2024, indicating expansion
07
Capital goods production in manufacturing grew 9.5% in FY24
08
Consumer durables segment in manufacturing IIP rose 8.1% YoY in FY24
09
Non-metallic mineral products output increased by 6.8% in manufacturing IIP for FY23
10
India's food processing manufacturing capacity is 250 million tonnes per annum as of 2023
11
Basic metals manufacturing production grew 4.2% YoY in December 2023
12
Chemicals and chemical products segment saw 5.9% growth in IIP manufacturing FY24
13
Machinery and equipment manufacturing output reached INR 3.2 lakh crore in FY23
14
Electrical equipment manufacturing grew 10.1% in April 2024 IIP
15
Manufacturing FDI inflows were USD 24.6 billion from April 2000 to June 2024
16
India's manufacturing exports stood at USD 102 billion in FY24
17
PLI scheme for manufacturing attracted INR 1.03 lakh crore investments by 2024
18
Manufacturing GVA grew at 9.9% in Q1 FY25
19
India's industrial production excluding manufacturing was 2.4% in FY23, but manufacturing led growth
20
Apparel manufacturing production capacity is 6.5 billion pieces annually in India
21
Rubber and plastics manufacturing grew 7.2% YoY in FY24 IIP
22
Furniture manufacturing turnover reached INR 1.5 lakh crore in FY23
23
Paper and paper products manufacturing output up 4.5% in 2023
24
Leather manufacturing exports were USD 4.1 billion in FY24
25
Gems and jewellery manufacturing employs 5 million people
26
Tobacco manufacturing production declined 2.1% in FY23 IIP
27
Pharmaceuticals manufacturing turnover was INR 4.2 lakh crore in FY23
28
Cement manufacturing capacity stands at 550 MTPA in 2024
29
Auto components manufacturing exports hit USD 20 billion in FY24
30
Electronics manufacturing reached USD 101 billion in FY24
Interpretation
Manufacturing Sector Interpretation
While India's manufacturing engine is still sputtering to life at a modest 5.2% annual growth, the sheer scale of its 62-million-strong workforce and its booming sectors—from a USD 101 billion electronics surge to a 9.5% capital goods leap—suggests the machine is finally revving up, not just idling.
05 · Category
Pharmaceuticals24 stats
01
India's pharmaceutical market size was USD 50 billion in FY24, growing 12% YoY
02
India exported pharmaceuticals worth USD 27.85 billion in FY24
03
Generic drugs account for 20% of global supply from India in 2024
04
Indian pharma R&D spend was USD 1.8 billion in FY23
05
Vaccines production capacity in India: 50% of global supply via Serum Institute
06
Biosimilars market in India reached USD 1.2 billion in 2023
07
API production under PLI scheme: 50+ projects approved with INR 6,900 crore investment
08
India has 3,600+ pharma manufacturing units approved by USFDA as of 2024
09
Contract development and manufacturing (CDMO) revenue USD 4.5 billion in FY24
10
Ayurvedic and herbal pharma market size USD 18 billion in 2024
11
Clinical trials market in India: USD 1.4 billion in 2023, with 5% global share
12
Pharma exports to US: USD 10.5 billion in FY24
13
Medical devices manufacturing turnover INR 50,000 crore in FY24
14
India ranks 3rd globally in generic drug production volume in 2024
15
Bulk drugs production capacity to increase by 50% under govt schemes by 2025
16
Pharma sector employs 3 million directly in India 2024
17
Injectables market in India: USD 3 billion in FY23
18
Oncology drugs production grew 15% YoY to USD 2 billion in 2023
19
India supplied 60% of global vaccine demand during COVID-19
20
Nutraceuticals market size USD 11 billion in 2024, CAGR 13%
21
Pharma PLI scheme investments INR 20,000 crore committed by 2024
22
India has 600+ API manufacturers in 2024
23
Ophthalmic formulations exports USD 500 million in FY24
24
Oral solid dosage forms production: 40 billion units annually
Interpretation
Pharmaceuticals Interpretation
India's pharmaceutical sector has confidently dispensed a prescription for global dominance, blending a $50 billion home market, a massive export operation, and a vaccine-making prowess that saved the world into a single, potent tablet of economic health.
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Alexander Schmidt. (2026, February 13). Indian Industry Statistics. Gitnux. https://gitnux.org/indian-industry-statistics
MLA
Alexander Schmidt. "Indian Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/indian-industry-statistics.
Chicago
Alexander Schmidt. 2026. "Indian Industry Statistics." Gitnux. https://gitnux.org/indian-industry-statistics.
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