TOP 5 SECTOR GOING TO BOOM IN INDIA

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.

2. Renewable Energy Sector

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.

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.

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.

5.Fast Moving Consumer-Goods Sector (FMCG)

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.