Top 10 Industries in India

Introduction:

Quite a many major industry segments in India are doing very well in India producing billionaires. Making a positive impact on the Indian economy by catering to the needs of both domestic market and exports, several Top 10 Industries in India are outperforming the others. Post Covid-19, there has been a radical shift in business opportunities in India. A number of establishments surprisingly turned challenges into opportunities. 

List Of Top 10 Industries in India:

Chemicals and Petrochemical Industry:

Chemicals and Petrochemical Industry (Image Source: insideenergy.org)

Chemicals and petrochemical industry is one of the top 10 industries in India. Petroleum is vital to many industries, and is necessary for the maintenance of industrial civilization in its current configuration, making it a critical concern for many nations. It encompasses bulk chemicals, agro and petrochemicals, polymers, and a range of fertilizers. 

Producing 57 billionaires, the chemicals and petrochemicals segment in India stands in the fourth position for producing the highest number of billionaires. The petrochemical sector, defined as chemicals derived from petroleum and natural gas and comprising synthetic rubbers, threads, polymers, plastics, detergents, and manufacturing industries, was established in the 1970s but remained in India until the 1990s.

It did not experience significant expansion. The petrochemical sector now permeates every aspect of our lives, from food security to water security. Sri Prakash Lohia with a net worth of INR 40,500 crores is the richest one from this segment. 

The dominant players in this segment are Reliance Industries Ltd (RIL), Indian Petrochemicals Corporation Ltd. (IPCL), Gas Authority of India Ltd. (GAIL) and Haldia Petrochemicals Ltd. Overall it is one of the top 10 industries in India.

Automobile:

Automobile (Image Source: yourstory.com)

All companies engaged in manufacturing vehicles of any kind, such as cars, scooters, etc., fall under the automotive industry. It is one of the top 10 industries in India. Commercial vehicles such as delivery and transportation trucks (so-called semis) are very important in the industry but are considered secondary. 

Auto parts such as engines are also included, but tires, batteries and fuel are not included. The latest automotive designs are featured in our articles on cars, trucks, buses and motorcycles. Automotive engines are covered in articles on gasoline and diesel engines.The history of the automotive industry, however brief in comparison to that of many other industries, is of particular importance because of its impact on history during the twentieth century. 

The autos and auto components business in India ranks sixth in terms of the number of billionaires produced, with 45 billionaires. Ajay Harinath Singh, with a net worth of INR 60,700 crores, is the wealthiest individual in this business. India is one of the world’s largest markets, as well as a global leader in the manufacturing of commercial vehicles. Overall it is one of the top 10 industries in India.

Construction:

Construction (Image Source: proptiger.com)

Civil engineering is the branch of the construction industry one of the top 10 industries in India. It deals with the planning and realization of industrial plants. In its most widely used context, construction covers the processes involved in delivering buildings, infrastructure, industrial facilities, and associated activities through to the end of their life. 

It typically starts with planning, financing, and design, and continues until the asset is built and ready for use; construction also covers repairs and maintenance work, any works to expand, extend and improve the asset, and its eventual demolition, dismantling or decommissioning. 

This includes construction of structures for various sectors such as the oil and gas sector, processing and manufacturing industries, power generation equipment, water and environmental activities. Civil engineering is inherently a global enterprise. Ajay Singh is the richest person in the field with a net worth of his INR 42,400 crore. 

This industry is one of India’s top employers and contributes significantly to the national economy. The richest in this sector is P Pitchai Reddy enjoying a net worth of INR 13,400 crores. Tis segment is one of the largest employers in India and makes a significant contribution to the nation’s economy. Moreover it is one of the top industries in India.

Finance:

Finance (image Source: ncci.com)

People and businesses can obtain financial services from the financial services industry one of the top 10 industries in India.  All type of financial institutes of the country comes under this industry such as investment businesses, cooperative banks, financing companies, lenders real estate agents, and various other small insurance companies.

This segment comprises commercial banks, co-operatives, non-banking financial companies, insurance companies, mutual funds, pension funds, and other smaller financial entities. Moreover it is one of the top industries in India.

Food Industry:

Food Industry (Image Source: techbullion.com)

The food industry today has become one of the top 10 industries in India. It is highly diversified, with manufacturing ranging from small, traditional, family-run activities that are highly labour-intensive, to large, capital-intensive and highly mechanized industrial processes. Many food industries depend almost entirely on local agriculture, animal farms, produce, and/or fishing. 

Transformation also includes further processing of ready-to-eat foods, such as packaging and nationwide distribution through industrial supply chains. An exception to this sector is raw food production, which is part of the agricultural sector. 

All types of packaged perishables, alcoholic and non-alcoholic beverages, are part of this industry. The supply chain forms a large network that encompasses all retail stores, grocery stores, restaurants, small vendors and party events.India’s 39 billionaires have made their fortunes in the food and beverage industry.

This brings this industry segment to number 7 on the list of the top 10 industries in terms of number of millionaires produced. Ravi Jaipuria & Family is the richest person in this business with a net worth of his Rs 11,500. Indian food and beverage businesses dominate the consumer packaged goods (CPG) market. That’s why it is one of the top industries in India.

Fmcg Industry:

Fmcg Industry (Image Source: gamingacharya.com)

Fast-moving consumer goods are one of the top 10 industries in India. Fast-moving consumer goods have a high inventory turnover and are contrasted with specialty items which have lower sales and higher carrying charges. Many retailers carry only FMCGs; particularly hypermarkets, big box stores and warehouse club stores. 

Small convenience stores also stock fast-moving goods; the limited shelf space is filled with higher turnover items. These items are also called consumer packaged goods. FMCG has a limited shelf life and produces a foul odor. These items are purchased regularly, ready to eat, inexpensive, and offered in large quantities. 

When sold as a retail item, it generates very high sales. FMCGs play a large part in the economy, as they are inelastic products that touch every part of consumer life. Businesses that supply FMCGs to a rural community can help provide employment opportunities and drive down the cost of such products in those rural areas.

FMCG industry segment in India has produced 59 millionaires, ranking third in the world for producing the most millionaires. Household and personal care products in the rapidly changing consumer goods market account for approximately 50% of sales. No wonder it is one of the top industries in India.

Textile:

Textile (Image Source: indiantextilemagzine.in)

The textiles, Industry are one of the top 10 industries in India.  As clothing and accessories industry includes all wearable goods that people use as clothing in their lives. Textiles are all around us. The textile is a component of basic needs like food and shelter.

Textiles are everywhere in our lives, from bath towels to space suits. Textiles help humans by comforting, protecting, and extending their lives. All of them contribute to the well-being of humans.  It is now considered a highly developed industry.

It begins with textile production, sheep and sericulture farming, and metal and mineral mining. The resulting fibres are processed into textiles and clothing. The products of this branch also include clothing-related accessories such as buttons, knitted materials, zippers and shoe laces. Around 39 billion was generated by this industry in India, making it ninth among the top industries. Moreover it is one of the top industries in India.

Software and Services Industry:

Software and Services Industry (Image Source: medicine.wustl.edu)

Software services industry is one of the top 10 industries in India.  These software products are used in various corporate structures. These models are typically licensed or cloud-based. The software business includes software as well as services such as training, consulting, and documentation.

The trading software business is divided into three segments:Programming Services, Enterprise Software Products, and Wrapped Software Products. These three sectors emerged in the mid-1950s, mid-1960s, and late 1970s, respectively, in response to technological possibilities and the commercial environment of the time. 

The most successful companies have created specialized products. According to Hurun’s report, the software and services sector has produced 73 millionaires, his second-highest number in India. India has prominent industry leaders in this category such as Infosys, Wipro, TCS and Tech Mahindra, offering a wide range of products across different industry segments. Overall it is one of the top industries in India.

Cement Industry:

Cement Industry (Image Source: worldconstructiontoday.com)

Indian cement industry is one of the top 10 industries in India.  It is the second largest in the world. India has 10 large cement plants governed by the different State governments. Besides this, India has 115 big cement plants and around 300 small cement plants. 

The big cement plants have installed capacity of 148.28 million tonnes per annum whereas the mini cement plants have the total capacity of 11.10 million tonnes per annum. Cement demand is going to touch 550-600 million tonnes per annum by 2025. At present, Indian cement industry is producing 280 million tonnes for meeting its domestic demand and 5 million tonnes for the exports.

The production capacity of these mini-cement plants varies between 50 tonnes to 200 tonnes a day. These mini cement plants are mostly established in the backward areas of Andhra Pradesh and Madhya Pradesh. Total employment generation by cement industry is more than 2 lakh. Overall it is one of the top industries in India.

Paper Industry:

Paper Industry (Image Source: linkedin.com)

Paper industry is one of the top 10 industries in India. It is another important industry of the country. Since 1925 this industry was operated under protective tariff and thus earned a huge profit regularly. This led to a rapid progress of this industry during the period of planning.

India’s huge forest resources are providing raw materials to this industry in abundant quantity. Indian paper industry has exhibited resilience and has shaped up well in the face of increasing competition from overseas players. But the problems faced by the paper industry still quite acute.

The issues related to availability of fibrous raw material, technological obsolescence, cost escalation, quality and environment etc. It still remain to be largely addressed. Total production of newsprints also rose from 0.4 lakh tonnes in 1960-61 to 3.1 lakh tonnes in 1992-93.

There are 652 industrial units producing paper and paper board under private sector at present, besides some public sector units run by Hindustan Paper Corporation. In 2012-13 there are 759 number of paper mills operating in the country both in the private and public sector. Moreover it is one of the top industries in India.

Conclusion:

As for the final say these are the Top 10 Industries in India. These Industries are booming and has immense growth. These industries contribute a huge part to our economy.