Fastest Growing industry in India


  • India is currently the 2nd largest telecommunication market and has the third highest number of internet users in the world.
  • India’s telephone subscriber base expanded at a CAGR of 19.96% reaching 1058.86 million during FY07–16.
  • In March 2016, total telephone subscription stood at 1,058.86 million, while teledensity was at 83.36%.
  • The global telecom market grew from $1902 billion in 2012 to $2033 billion in 2016 at a compound annual growth rate (CAGR) of 1.7%. It is expected to grow from $2033 billion in 2016 to $2240 billion in 2020.
  • India is expected to have over 180 million smartphones by 2019, contributing around 13.5 percent to the global Smartphone market, based on rising affordability and better availability of data services among other factors.
  • The total mobile services market revenue in India is expected to touch US$ 37 billion in 2017, registering a Compound Annual Growth Rate (CAGR) of 5.2 percent between 2014 and 2017.


  • Healthcare industry is growing at a tremendous pace owing to its strengthening coverage, services and increasing expenditure by the public as well private players.
  • Healthcare delivery, which includes hospitals, nursing homes, and diagnostic centers, and pharmaceuticals, constitutes 65 percent of the overall market.
  • During 2008-20, the market is expected to record a CAGR of 16.5%.
  • The Healthcare Information Technology (IT) market which is valued at US$ 1 billion currently is expected to grow 1.5 times by 2020.
  • The total industry size is expected to touch US$ 160 billion by 2017 and US$ 280 billion by 2020.
  • As per the Ministry of Health, development of 50 technologies has been targeted in the FY16, for the treatment of diseases like Cancer and TB.

IT and ITeS 

  • India’s technology and BPM sector (including hardware) are likely to generate revenues of US$ 160 billion during FY16 compared to US$ 146.5 billion in FY15, implying a growth rate of 9.2%.
  • Digital sector to cross Rs 20,000-crore mark by 2020.
  • The contribution of the IT sector to India’s GDP rose to approximately 9.5% in FY15 from 1.2 percent in FY98.
  • TCS is the market leader, accounting for about 10.4% of India’s total IT & ITeS sector revenue in FY16.
  • The top five IT firms contribute over 25% to the total industry revenue, indicating the market is fairly competitive.


  • By FY20, construction equipment industry’s revenue is estimated to reach to US$ 5 billion.
  • Revenue increased at a CAGR of 8.38% during FY07- 14 and is further estimated to rise at a CAGR of 2.34% between FY07-20, owed to the rapid infrastructure development, undertaken by the Government of India.
  • In FY16, India construction equipment industry grew at a YoY of around 3.45% over the previous year.
  • Airport Infrastructure Investment in India to Reach $20 billion by 2020.


  • With electricity production of 1,107.8 BU in India in FY16, the country witnessed a growth of around 5.64% over the previous fiscal year.
  • Over FY10–16, electricity production expanded at a CAGR of 6.21%.
  • During April-September 2016, electricity production in India reached 584.22 BU.
  • The 12th Five Year Plan projects that, by 2016–17, total domestic energy production would reach 669.6 million tons of oil equivalent (MTOE) and would further increase to 844 MTOE by 2021–22.
  • JSW Group plans to make electric vehicles in India by 2020.


  • India has occupied a remarkable position in global retail rankings; the country has high market potential, low economic risk, and moderate political risk.
  • The Indian e-tailing industry will limp back in 2017 and will become $80 billion by 2020.
  • India’s net retail sales are quite significant among emerging and developed nations; the country is ranked third after China and Brazil.
  • Overall, given its high growth potential, India compares favorably with global peers among foreign investors.
  • With the investment of around US$ 511.76 billion, the first half of 2016 witnessed the highest annual private equity (PE) in the retail sector, since 2008.


  • The Indian pharmaceuticals market increased at a CAGR of 17.46% during 2005-16 with the market increasing from US$ 6 billion in 2005 to US$ 36.7 billion in 2016 and is expected to expand at a CAGR of 15.92% to US$ 55 billion by 2020.
  • By 2020, India is likely to be among the top three pharmaceutical markets by incremental growth and sixth largest market globally in absolute size.
  • India’s cost of production is significantly lower than that of the US and almost half of that of Europe. It gives a competitive edge to India over others.