Present generation is the witness of the upcoming future of rising industries in various sectors. Let’s explore some area that is progressing rapidly day by day.
Those are Healthcare sector, Food Industry, Computers and information technology, Construction, Renewable energy, Tourism, Pharmaceutical industry, Telecom, Fintech, Manufacturing engineering, Automobile Sector, Energy industry.
Healthcare Sector – One of the largest and fastest growing industry with the expected revenue to reach approx. 4,49,60,11,200.00 in the year 2023. Where it is expected to show an annual growth rate of 12.06% from 2023-2027, resulting in a market value of 67,86,07,25,500.00 by the year of 2027.
Also, the minister of Science and Technology who is, Dr Jitendra Singh has said that the Healthcare sector in India is expected to reach the measurement of approximately fifty billion dollars by the year of 2025. By 41% of growth according to the sources.
Food Industry – One more industry among all to grow in the shortest time period to reach the height.
According to the sources on google, the food market is projected to grow approximately from USD 2,542.06 billion in 2022 to USD 5,182.50 billion by 2029, exhibiting of 10.77% during the forecast period.
Accordingly, revenue in market is expected to grow annually by 8.61% (from the year of 2023 to the year 2028). The market’s largest sell is of Bread & Cereal Products, other is of eggs and dairy products and then other.
IT Sector – According to the report collected from google from different sources, India’s tech industry is estimated to touch $242 billion in the 2022-23 financial year, with an incremental revenue addition of $18 billion during the same period.
FMCG Sector – According to the financial express, FMCG industry grew by 6-8 per cent in 2022 in terms of sales market and is expected to grow at the same rate in 2023 if the growth remains the same.
Apart from these industries there are few more which is spreading its tentacles worldwide, those are hospitality sector, tourism department, manufacturing businesses, HR and Recruitment services, and so.
After analyzing the approximate data from different sources from google, is it a good time to invest in market, in new business or to expand?
Additionally, the market is always new to something and will always requires the data to go on. And those data are always needed to understand the consumers requirement and would help in achieving your expected results by overcoming the challenges.
