As we know indian population is one of the biggest populations in the world as well as the expanding middle class, and increasing consumer spending power. There are lots of sectors in India which are helping the Indian economy. In this article, we will discuss some top Growing Startup Sectors in India.
Over the past few years the Indian economy has been booming continuously, Indian economy has transformed over the years. There are lots of industries that are helping the Indian economy in its growth.
Here is the list of the Top 10 Growing Startup Sectors in India
The Real Estate industry in India is growing day by day, in the real estate businesses include housing, hospitality, retail, and commercial sub-sectors.
If we talk about the Real Estate industry then it is one of the safest and highest-return industries not only in India as well as all over the world.
It is one of the oldest industries in the country. In India it is one of the oldest sectors as well it stands as the world’s top producer in this field with more than 36 billion.
The platform offers a wide range of products and has produced 36 billionaires. Harish Ahuja, holds the top net worth of INR 5,900 crores and become one of the richest individuals in this sector.
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The Healthcare Industry is one of the fastest-growing industries in India. The healthcare industry offers things like medicines, medical equipment, health insurance, etc. India is one of the largest healthcare product exporters globally.
In healthcare, both public and private healthcare services are performing well. As per experts, this industry is growing by 16%, and the number of private hospitals in India is rapidly increasing.
A few years back, India’s traditional communication medium. Using telegrams become one of the outdated things. Now, people use smartphone apps, social media platforms, and internet-based television.
Digital technology has completely changed and it’s changed how we talk with each other. In this area, the reachest person is Mukesh Ambani.
As we know India is one of the fastest developing countries and the Infrastructure of the country is also developing rapidly. Infrastructure helps in the growth of any country especially.
The Infrastructure industry has grown rapidly, especially after the launch of the “Make in India” skim started by Prime Minister Mr. Narendra Modi. Good Infrastructure helps in creating smart cities where they offer several facilities such as hospitals and efficient transportation.
As we all know India is an agricultural country and stands as the second largest food manufacturing platform worldwide. In the food industry, the platform offers several products such as chocolates, grains, fruits, milk, vegetables, dairy products, and more. This industry is growing continuously and is also helped by the government of India.
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Software and services
The software and services industry is growing rapidly. There are lots of Software companies that dominate this area such as Tech Mahindra, TCS, Infosys, and Wipro.
India is one of the favorite place places for investing all over the world due to its cheaper to get IT services here. In this sector, there are lots of people who are billionaires such as Azim Premji.
The automobile sector is one of the largest sectors in the world and India is contributing as one of the largest manufacturers in the world. India manufactures a large amount of trucks and big vehicles for the whole world.
According to a report, the sales of vehicles are increasing day by day, especially electric cars. As per as report it will sell 4 million electric cars in 2025 and expects to 10 million in 2030. In this sector more than 45 billionaires are available. Rahul Bajaj & his family is one of the famous personalities in this sector.
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Due to the internet and smartphone digital payment has grown greatly, especially in recent times. The government also promotes and motivates people to pay digitally. Indian mobile payments are one of the most advanced and best technologies in the world.
Some of the popular financial industries are Mahindra & Mahindra Financial Services Limited, Aditya Birla Finance Ltd, HDB Financial Services, Shriram Transport, Bajaj Finance Limited, and more.
Chemicals and Petrochemicals
The Chemicals and Petrochemicals industry is growing a very important role in India’s economy. In this section, there are lots of major players such as Indian Petrochemicals Corporation Limited (IPCL), Reliance Industries, Gas Authority of India Limited (GAIL), and Haldia Petrochemicals Limited (HPL). This industry offers a wide range of products. In this industry, there are more than 57 billion are available in the country.
In recent years, India has grown rapidly and there are lots of startups which is helping the Indian economy in their growth. Anyone who wants to invest in this sector can easily invest in these sectors. With the dynamic ecosystem, these sectors are growing continuously.
Frequently Asked Questions (FAQs)
How government support these startups?
The government supports these startups in multiple ways, such as making laws, tax exemptions, etc.
Which are the Top 10 Growing Startup Sectors in India?
Textiles, Real Estate, software and services, Automobiles, Chemicals and Petrochemicals, Financial Industry are the Top 10 Growing Startup Sectors in India.
Is opening a startup in India a good idea?
yes, opening a startup in India is a good idea because the Indian economy is growing tremendously.