Business

Top 10 Businesses in India

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10. Textile Industry

Contributes 4%

India’s textiles industry has around 4.5 crore employed workers, including 35.22 lakh handloom workers across the country. The Indian textile and apparel industry is expected to grow at a 10% CAGR from 2019-20 to reach US$ 190 billion by 2025-26. India is the world’s largest producer of cotton.

9. Tourism Industry 

Contributes 6%

The World Travel and Tourism Council calculated that tourism generated ₹16.91 lakh crore (US$210 billion) or 9.2% of India’s GDP in 2018 and supported 42.673 million jobs, 8.1% of its total employment. The sector is predicted to grow at an annual rate of 6.9% to ₹32.05 lakh crore (US$400 billion) by 2028 (9.9% of GDP).

8. Chemical Industry 

Contributes 7%

The chemical industry of India is a major contributor to the Indian Economy, contributing 7% of the country’s Gross Domestic Product (GDP). India’s chemical industry ranks sixth largest in the world and third in Asia. India’s chemical industry value was estimated at 100 billion dollars in 2019.

7. Engineering Industry 

Contributes 8% 

Engineering can take various forms—civil, military, or mechanical—but the term ‘engineering industry’ is normally used in a more limited sense to describe the industry devoted to manufacturing engines, machine tools, and machinery.

6. Transportation Industry 

Contributes 8.5% 

India’s rail network is the fourth largest and second busiest in the world, transporting 8.09 billion passengers and 1.20 billion tonnes of freight annually as of 2020. Aviation in India is broadly divided into military and civil aviation, the fastest-growing aviation market in the world (IATA data).

5. IT and IT Services 

Contributes 9% 

Contemporary situation. In the current world economy, India is the largest exporter of IT. The contribution of the IT sector to India’s GDP rose from 1.2% in 1998 to 10% in 2019.

4. Banking and Insurance Industry 

Contributes 10%

Banking, financial services and insurance (BFSI) is the umbrella term for companies that provide a range of financial products or services. This includes universal banks that provide a range of financial services or companies that operate in one or more of these financial sectors.

3. Real Estate Industry 

Contributes 13.5%

In India, the real estate sector is the second-highest employment generator, after agriculture. The real estate sector in India is expected to reach US$ 1 trillion by 2030, up from US$ 200 billion in 2021. By 2025, it will contribute 13% to the country’s GDP.

2. Agriculture Industry 

Contributes 15.7%

The industry sector contributes 25.92%. While Agriculture and allied sector share 20.19%. India’s agriculture sector is the primary livelihood source for about 58% of India’s population. Per the provisional figures released by DGCI&S, agricultural exports have grown by 19.92% from 2021-22 to touch $50.21 bn.

1. Retail & Wholesale Trade Industry 

Contributes 15.7%

The retail and wholesale market consists of sales of wholesale and retail services and related goods by entities (organizations, sole traders and partnerships) that provide the service of making goods available to consumers in convenient quantities and locations. The chemical industry of India is a major contributor to the Indian Economy, contributing 15.7% of the country’s Gross Domestic Product (GDP).

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