The Indian auto industry became the 4th largest in the world with sales increasing 9.5 per cent year-on-year to 4.02 million units (excluding two wheelers). The Two Wheelers segment dominates the market in terms of volume owing to a growing middle class and a young population.
India’s IT industry contributed around 7.7 per cent to the country’s GDP and is expected to contribute 10 per cent of India’s GDP by 2025. Indian IT & ITeS companies have set up over 1,000 global delivery centres in about 80 countries across the world.
India is the fastest growing market for the E-Commerce sector. Revenue from the sector is expected to increase from US$ 39 billion in 2017 to US$ 120 billion in 2020, growing at an annual rate of 51 per cent, the highest in the world.
The Indian banking system consists of 20 public sector banks, 22 private sector banks, 44 foreign banks, 56 regional rural banks, 1,542 urban cooperative banks and 94,384 rural cooperative banks, in addition to cooperative credit institutions.
Healthcare market in india is expected to reach US$ 372 billion by 2022, drivenby rising income, greater health awareness, lifestyle diseases and increasing access to insurance. The private sector has emerged as a vibrant force in India's healthcare industry, lending it both national and international repute. It accounts for almost 74 per cent of the country’s total healthcare expenditure.
India ranks second in terms of number of telecommunication subscriptions, internet subscribers and app downloads* globally.