Automotive sector is driven by high domestic demand and export market. It registered a overall growth rate of 5.4% in passenger, commercial vehicles,3 wheelers and 2 wheelers production during 2016-17. Electric vehicle market is also expanding rapidly with favourable EV policy.
Indian Electronics and Hardware Industry is projected to grow at a CAGR of 17% till 2022. This would translate to an additional manpower demand of 11 Lakh (IMaCs report) in the next 5 years period. However, skill gaps exist in the entire gamut of functions such as in Design and Development, Production, Sales, and Service functions..
The Indian textiles sector provides direct employment to about 45 million people, which makes it second only to the agriculture sector. It contributes 14% to industrial production, 4% to India’s GDP and constitutes 13% of total exports.
Beauty & Wellness
A KPMG Wellness Sector report projected that the size of India’s beauty and wellness market would nearly double to Rs 80,370 Cr by 2017-18 from Rs 41,224 Cr in 2012-13. A huge problem faced by the industry is the lack of quality manpower.
Media and Entertainment
The Indian media and entertainment industry is projected to grow at the CAGR of 13.9% by 2019. India has a booming print, television and digital media industries. By 2019, the combined market size of Indian media
Indian IT and ITeS sector has led the economic transformation of the country and altered the perception of India in the global economy. India's cost competitiveness in providing IT services continues to be the mainstay of its Unique Selling Proposition (USP) in the global sourcing market.
Furniture and Fittings
The furniture market in India is moving towards an organised segment by increasing customer preference for readymade, branded and online products. The industry is also continuously adapting nd customising its products according to the changing taste of the consumers.
The construction industry is a major contributor towards India’s GDP, both directly and indirectly. It employs 33 million people, and any improvements in the construction sector affect a number of associated industries such as cement, steel, technology, skill-enhancement, etc.
As real estate booms, several other sections gain importance, Plumbing is not merely fixing up a tap. With more complex buildings getting designed and constructed, there is a growing need of trained plumbers. According to a National Skill Development Council survey, just 0.5 per cent of plumbers in the country are trained.
Gems and Jewellery
The Gems and Jewellery sector in India is one of the largest in the world and contributes to about 29% of the global consumption. In FY 2014-15, the sector constituted 13.30% of the country’s total merchandise exports.
The capital goods sector in India may triple in size over the next decade on the back of the first-ever policy for the sector that aims to create 21 million additional jobs by 2025, according to officials of the ministry of heavy industries and public enterprises.
India's financial sector comprises of commercial banks, insurance firms, non-banking institutions, mutual funds, cooperatives and pension funds, among other financial entities. The last two decades have seen the sector developing a more contemporary outlook.