Which industry will grow in next 10 years?

Renewable Energy Sector Reliance Power Industries. Indian Energy Exchange. Indraprastha Gas Ltd. Borosil Renewables. Siemens.

groww.in - 6 Sectors in India that are Likely To Perform Well in Future - Groww

Are shorter TikToks better?

Based on this data, we can conclude that it's probably best to keep your TikTok videos between 21 and 34 seconds if you want the best results. As...

Last updated Sep 24, 2019

Who was the Zodiacs first victim?

Lake Herman Road murders: The Zodiac killer's first victims were a high school couple, Betty Lou Jensen and David Faraday on December 20, 1968. The...

Last updated Jun 22, 2020

Awaken your dormant DNA ability to attract wealth effortlessly

The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.

Learn More »

Promotion

According to the Asian Development Bank, the Indian economy is expected to grow by 7.5% in FY2022 and approximately by 8% in FY2023, endorsed by growing public investment in infrastructure and a pickup in private sector investment as well. Investors, motivated by the results of their investments in the last fiscal year of 2021, are prepared to devote a larger percentage of their savings to capital instruments in 2022 and are also motivated to invest in the growing industries in India. Numerous experts speculate that by the end of the fiscal year 2022, the Indian Stock Market will also have progressed and expanded to being the fifth largest in the world, in an account of the highest market capitalization. Undoubtedly, the market will expand, with various stepping elements such as government initiatives, foreign relations, market dynamics, and so on supporting this expansion.

1. Healthcare and Insurance Sector

In respect of revenue and employment, Healthcare is emerging as one of the most important sectors in India. An ageing population, a rising middle class, a soaring percentage of lifestyle diseases, enhanced concern for public and private partnerships, ramped up adoption and implementation of digital developments in technology, along with telemedicine, as well as growing investor interest and FDI inflows considerably over the past two decades, are all cruising the growth and flourishment of the Indian Healthcare Sector. Hospitals, Pharmaceuticals, Diagnostics, Medical Equipment and Supplies, and Medical Insurance are the five components of the healthcare and insurance sector, according to the government. In FY2020, the average percentage of insurance premium was 3.76%, life insurance premium was 2.82%, and non-life insurance premium was 0.94%; in FY2021, the percentages rose to 4.2% for insurance premium, 3.2% for life insurance premium, and 1% for non-life insurance premium. Since 2016, India’s healthcare industry has been enlarging at a Compound Annual Growth Rate (CAGR) of around 22%, implying that India was doing well even before the pandemic and during and after the pandemic the statistics shot through the roof. India’s healthcare industry is expected to grow at a 39% CAGR to $372 billion by the end of 2022, thanks to the country’s growing middle-class population, particularly among the younger generation, and rising financial literacy and awareness. According to the government’s FY 2021-22 budget, the government intends to amend the previous Insurance Act of 1938 to raise the permissible FDI limit from 47% to 74% as well.

Following are some of the companies worth considering in this sector:

2. Renewable Energy Sector

How do you tell if a guy loves you?

Signs He Genuinely Loves You He does things for you when you least expect them. ... He is always curious to know more about you. ... If you're...

Last updated Aug 3, 2020

Who is the fastest YouTuber to hit 10 million?

Smosh was the fastest YouTuber to hit 10 million subscribers. It wasn't until eight years after YouTube's launch that a YouTuber reached 10 million...

Last updated Jun 19, 2022

Awaken your dormant DNA ability to attract wealth effortlessly

The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.

Learn More »

Promotion

We are all aware that environmental conditions are deteriorating, and as a result, under the Paris Agreement, every country is under enormous international pressure to reduce carbon emissions. Renewable energy has emerged as a very promising sector for investors. Sales of renewable energy equipment such as solar panels are at an all-time high, and renewable electricity is becoming increasingly affordable. By the end of 2022, India wants to have 175 gigawatts of renewable energy installed. The Ministry of Power has created the Renewable Energy Investment Promotion and Felicitation Board (REIPFB) to provide one-stop assistance to industry and investors for project development and new investment in India’s renewable energy sector. In addition, over $79 billion has been invested in renewable energy in India over the last seven years, and India’s installed renewable energy capacity has increased by over two-and-a-half times in that time, to over 141 gigawatts. Investment in India’s renewable energy sector reached $6.6 billion between April and July 2021, breaking the previous record of $6.4 billion set in FY2020-21. Following are some of the companies worth considering in this sector in India:

3. IT Sector

The IT Tech industry has exploded in the last two years, whether it’s in the fields of Artificial Intelligence, Data Analytics, Data Science, or Big Data. The IT industry has grown at such a breakneck pace and scale that it almost seems unreal. Around 33 Indian IT start-ups have achieved the “Unicorn” status, meaning their valuation has surpassed $1 billion. In the last two years, the Nifty Index of the IT Sector has returned a staggering 132%. With approximately 560 million internet users, India is now the second-largest online market after China which makes it clear that India is absolutely booming in this sector.

Following are some of the companies worth considering in this sector:

4. Real Estate Sector

The Indian property market is trending in the right direction, and it is expected to pick up steam in the upcoming months. With strong end-user consumption and calm market conditions, the average quarterly sales volume is expected to exceed the pre-COVID year’s average quarterly sales. The unravelling of events as a consequence of Omicron is a key factor in determining the dynamism of the sales following any lockdowns. In important Real Estates markets like Pune, Hyderabad, Bangalore, Ahmedabad, and Mumbai, expansion levels have already been surpassed.

Following are some of the companies worth considering in this sector:

5. Fast Moving Consumer-Goods Sector (FMCG)

Which Pooja is powerful for job?

Perform Navgraha pooja and pray to Goddess Lakshmi. Mar 5, 2021

Last updated Aug 13, 2018

Where does money come from?

The Federal Reserve, as America's central bank, is responsible for controlling the supply of U.S. dollars. The Fed creates money by purchasing...

Last updated Apr 9, 2021

Awaken your dormant DNA ability to attract wealth effortlessly

The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.

Learn More »

Promotion

In India, FMCG is the most secure sector for long-term investment. The majority of the products in this industry have been in use for over a century and will continue to be used in the future as well. HUL, Dabur, Emami, ITC, Nestle, and other FMCG companies are household names in India. For a long time, the majority of people in Indian cities and towns have been using their products. Contrary to many other industries that go through a contraction and expansion cycle, the FMCG industry’s products are always in demand. People may not buy a new car, make new loans, or avoid investing in real estate/infrastructure during a recession or economic crisis, but because FMCG products are basic necessities, their demand will not decrease as much as in other industries. Companies based on FMCG have a lot of room to grow in every area. The FMCG industry is one of the best sectors in India for long-term investment in India if you are looking for a safe industry to invest in.

Following are some of the companies worth considering in this sector:

6. Automobile Sector

Leading global automobile players are entering India and setting up production facilities to tap one of the fastest growing economies of the world. Also, Indian players such as Eicher Motors (Eicher Motors’ own Royal Enfield bike that has been growing in terms of sales), Maruti Suzuki India Ltd, Tata Motors Ltd, etc. are unveiling new models, facelift versions, etc. to tap the demand from the consumers. Rising disposable income in the hands of individuals has resulted in shifting preference towards the four-wheeler segment. The growth of the automobile sector shall also translate to the growth of the automobile component sector.

Following are some of the companies worth considering in this sector:

Conclusion

It makes sense for an intelligent investor to invest in India’s growing sectors for long-term investments. However, there is an important lesson to be learned here: not every growing sector will provide incredible returns. The best approach to selecting the best sectors in India for investment is to diversify. Allocate funds to various sectors that you believe will grow, reducing risk and ensuring that you do not miss out on any booming sectors. Disclaimer: The views expressed here are that of the author and do not reflect those of Groww.

groww.in - 6 Sectors in India that are Likely To Perform Well in Future - Groww

How do I know God has saved me?

The Bible clearly teaches that the moment a person turns from his sin and trusts in Jesus to be forgiven of his sin, he is saved (Acts 2:37-41). He...

Last updated Apr 22, 2020

How do you keep bugs away permanently?

CREATE BUG BARRIERS Caulk foundation cracks and gaps around windows and doors where bugs can enter from the outside. Add weather stripping and door...

Last updated Jul 20, 2019

Awaken your dormant DNA ability to attract wealth effortlessly

The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.

Learn More »

Promotion

What is a prosperity prayer?

Prosperity prayer is a very powerful form of prayer that helps you achieve success in every area of your life. In fact, prayer has proven to...

Last updated Oct 12, 2022

Awaken your dormant DNA ability to attract wealth effortlessly

The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.

Learn More »

Promotion

What is the smallest gun for concealed carry?

In our opinion, the smallest caliber that anyone should carry is a . 380. Fortunately, there are many good choices for a small concealed carry gun...

Last updated Jun 2, 2020