Top 12 Largest Revenue Generating Sectors in India
Companies in the below list of sectors generate the most money as compare to other industries in India, Industries listed here are not only top grossing and most profitable industries in India but also offering employment opportunities, economic growth and per capita income.
Oil And Gas
Oil and Gas industry in India is started from the town of Digboi in Assam, among the eight core industries in India and also an important sectors of the economy. Indian Oil Corporation Limited, ONGC, Reliance Industries, Hindustan Petroleum, Essar Oil and Reliance Industries are the top Oil And Gas Companies in India.
Banking
Indian Banking sector is a well regulated industry with innovative banking models like quick payments and smart finance. As per the Reserve Bank of India, Banking system consists of 12 public sector banks, private sector banks, 44 foreign banks and 56 regional rural banks operating in India, offering digital payments system in India.
Automotive
Indian auto industry was the largest manufacturer of commercial vehicles in 2018 in terms of volume and also a prominent auto exporter. The major automobile players of the Indian market are now moving to electric vehicles as well as luxury vehicles segment, initiatives taken by the Government of India to encourages foreign investment are EV, NATRiP, FAME and R&D hub.
Gems And Jewellery
Gems and Jewellery industry in India is one of the most focus area for export promotion as well as to promote investments. The Gems and Jewellery is one of the fastest growing sectors and India is one of the largest exporters of gems and jewellery in the world.
Iron And steel
Iron and steel industries of India is one of the largest producer of raw steel, sponge iron, ferro alloys and raw iron. The Indian steel industry is governed by the Ministry of Steel and public sector through SAIL, There are about five integrated SAIL plants in India.
Metals And Mining
Metals and Mining sector in India produces 95 different minerals,metallic and atomic minerals along with building and other minerals. Indian metals and mining industry grew at a CAGR of 5.72 per cen in 2017-18 and also has strong growth expectations in future.
Infotech
Information technology sector in India has a great contribution to India’s GDP and top Indian IT services providers in the world are TCS, Infosys and HCL Technologies. Bangalore, Pune, Hyderabad are some of the major information technology hubs in India, also largest exporter of information technology.
Capital Goods
Capital Goods playing an important role in India’s economy by not only providing services for consumers but also allowing a business to create goods. The capital goods industry in India offers strong base in sectors such as Engineering, Construction, Infrastructure and Consumer goods.
Well known list of top 10 capital goods companies in India includes ABB India, Cummins India,Bharat Electronics Limited, Kirloskar, KEC International, Siemens, Larsen & Toubro, BHEL and BEML.
Utilities Sector
Utilities Sector in India refer to set of industries that offer services to public in terms of infrastructure, electricity, transportation, water and sewage. The utilities companies can be publicly or privately owned organizations that provide set of services consumed by the public such as Delhi Jal Board, Gujarat Gas, Reliance Infrastructure, Tata Power, Welspun Energy and Indraprastha Gas.
Telecommunication
Telecommunications in India played a significant role to users of next generation in India with telephone, internet and television broadcast industry. Indian telecom industry is one of the fastest growing telecom market and has second largest mobile phone user base in the world.
Consumer Goods
Consumer Goods companies are the manufacturer of final products consumed by the consumer for daily needs or sold to a consumer as final good. In the consumer goods sector, goods can be classified as clothing items, home furnishings, consumer foods, antiques, jewelry, fire extinguishers and microwave oven.
Cement Industry
Indian Cement Industry not only providing employment but also play an vital role in India’s economy, As of 2019 – India is the world’s second largest producer of cement. A large number of foreign players are also doing investments in Indian cement industry such as Raysut Cement Company and Indian cement companies like Ultratech Cement, Ambuja Cement, Shree Cement and JK Cement are planning to invest more to increase production. Image source
There are more sectors in India generating not only employment opportunities but also generating healthy amount of revenue such as diversified financial, real estate sector, Indian textiles industry, retail market,electricity, FMCG, halthcare, insurance, investment, agriculture, food processing,infrastructure and e-commerce.
