New financial services products and services are developing rapidly in India's diversified financial service sector. The domestic market reinforced by the strong growth of financial services firms with an increased pace of shareholding in banks, insurance companies, mutual funds, pension funds, etc. The mutual fund industry and insurance industry essential parts of the Indian financial sector. India's Financial Services Industry has seen significant achievements in transactions in recent times in UPI, DHFL, PPI, etc. For more info, visit the India Brand Equity Foundation website.
Growth Potential of Textile Industry in India | IBEF
The textile industry in India has huge growth potential. India is the second-largest textile and clothing exporter worldwide, behind China. India not only produces textiles and garments but also has developed into an important exporter of fashion accessories, providing readymade garments to western markets such as the United States, United Kingdom and Japan. The Indian textile industry can produce a vast variety of products suitable for different market segments across the world.
How Is Tourism In India Growing?
The data shared by India Brand Equity Foundation (IBEF) about tourism in India is sufficient for how this sector is doing in the country. The growth of hospitality tourism in India has stunned the world. People from across the globe are heading to India for vacations. Every year lakhs of tourists visit the country to explore the rich culture and history. The hospitality sector especially medical travel is expected to achieve a CAGR of 21.1% by 2027. The travel market in India which was estimated at US$75 billion in 2020 may become a US$125 billion industry by 2027.
Engineering Goods Manufacturers in India
The engineering sectors of India is the largest among the industrial sectors of India. This area accounts for 27% of the total factories in the industrial sector. India's engineering goods manufacturers have a massive range of sophisticated technology containing robotics and mechanical parts, automotive and transportation systems, medical equipment manufacturing, automotive, metal products, electrical machinery, specialized engineering items, and communication equipment. In addition, the India engineering sector contributes significantly to the development of the economy.
Engineering sectors play a crucial role in the development of the Indian economy. Its electrical equipment export market is projected to reach US$13 billion by 2025, up from US$8.62 billion in 2021. The India engineering sector is the largest among all the industrial sectors in present-day India. Since 2015, the Indian government has been working hard to improve its international competitiveness through programs such as Make in India and Start-Up India. India's engineering goods manufacturers work on power, mining, oil, gas, refinery, automotive, and consumer durables.
All about the development of Telangana - IBEF India
Do you know Development in Telangana is increasing day by day and its capital Hyderabad is a hub for Information Technology (IT) and pharmaceutical sectors. Telangana's IT and ITeS exports grew at a CAGR of 11.32 percent from 2013-14 to Rs 145,522 crore (US$ 20.05 billion) in 2021-21. Hyderabad has major IT companies like Facebook, Google, IBM, and Microsoft. The IT sector and pharmaceutical sectors help to development of Telangana. To know more visit the India Brand Equity Foundation website.
Where Is Coffee Produced In India?
Coffee production in India is dominated by South Indian states, with Karnataka 71% followed by Kerala (21%) and Tamil Nadu (5%). It is the finest coffee grown in the shade instead of under direct sunlight. Coffee plantation in India is done under the shade and often inter-cropped with spices like cardamom, cinnamon, clove, and nutmeg. Also, the Coffee Board of India oversees the promotion, sale, and consumption of coffee in India and abroad. It conducts research and provides financial assistance to small coffee exporters.
The manufacturing pharma sector in India is regulated at the state level, except for the Central Food and Drug Administration. With over 50% of generic demand in the US and 40% in the UK, the Indian pharmaceutical sector supplies over 50% of the global demand for various vaccines. The domestic industry comprises 3,000 pharmaceutical companies and 10,500 manufacturing units which are sufficient to meet the current demand. See the top pharma companies in India and their collaborations, investments, and more on the India Brand Equity Foundation website.
Indian Automobile Industry - IBEF
Over the past few decades, the automobile industry in India has maintained a high growth rate, contributing significantly to the GDP. In FY22, the annual production of automobiles reached 22.65 million units, while 13 million vehicles were produced between April-October 2021. The two-wheeler component conquers the market in terms of volume due to a growing middle class. The focus is on exploring rural markets with more initiatives in the Automobile Industry profile than ever before. India Brand Equity Foundation provides you all the information about the Automobile Industry.
