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Top 7 Profitable Business Sectors to Invest in India-2022
[/vc_column_text][vc_column_text]In India, the end of 2021 showed positive reflection in the stock market for Nifty and Sensex in industries like EVs, electronics, and healthcare. As a result, various market research companies in India forecast 2022 to be a lucrative year for foreign investment as the stock market in India may reach the 5th position in the global market capitalization chart. Moreover, the recent industry data report specifies maximum FDI inflows of USD 7.12 billion in technology and USD 4.93 billion in the automobile sector. For this reason, top management consulting firms in India offer every insight into the profitable Indian markets to foreign investors.[/vc_column_text][vc_column_text]
Lucrative Indian Business Sectors for Foreign Investment in 2022
[/vc_column_text][vc_column_text]This blog highlights the seven most profitable industries in the Indian market with the highest FDI inflows in recent years. It also throws light on the critical aspects of market size for foreign organizations in starting a company in India.[/vc_column_text][vc_column_text]
Pharmaceutical Industry
[/vc_column_text][vc_column_text]At present, the Indian pharmaceutical market is the global leader supplying a volume of more than 50% of global vaccines. According to the industry reports, India holds the 3rd position in pharmaceutical products with a network of more than 3000 drug companies. In addition to this, the published reports in August 2021, show a forecast of an annual growth rate of 11% in the next two years, crossing USD 60 billion in market size.[/vc_column_text][vc_single_image image=”3526″ img_size=”full” alignment=”center”][vc_column_text]
Why is the Pharma-Market Lucrative for Investments?
[/vc_column_text][vc_column_text]One significant update in the pharmaceutical industry is the approval from the Drug Controller General of India on the anti-viral drug VIRALEX for Themis Medicare in March 2022. Moreover, Union Cabinet’s consent on 100% Foreign Direct Investment (FDI) under the automatic route following regulatory compliances in India is another factor that makes the pharma market a lucrative option to invest in.[/vc_column_text][vc_column_text]
FMCG – Fast Moving Consumer Goods
[/vc_column_text][vc_column_text]Top management consulting firms in India suggest that foreign firms invest in the FMCG market as economic surveys expect this industry to experience a hike in CAGR of about USD 220 billion by 2025. Moreover, as the food market indicates a double rise in the growth rate, FMCG serves as an attraction for foreign investment.[/vc_column_text][vc_single_image image=”3527″ img_size=”full” alignment=”center”][vc_column_text]
Why Invest in FMCG Sector?
[/vc_column_text][vc_column_text]The Government’s initiative to promote the FMCG industry led to the approval of a 100% FDI allowance. Moreover, reducing the Goods and Services Tax bracket from 23-24% to 18% for necessity products like soaps, toothpaste, hair products, etc., ensures an advantageous position in the market[/vc_column_text][vc_column_text]
Healthcare Industry
[/vc_column_text][vc_column_text]According to the reports, healthcare is one of the significant industries among others, both in terms of revenue and opportunities for employment. Hospitals, production of medical devices, clinical trials, and outsourcing of medical equipment showed subsequent growth in the last few sectors. In addition to this, the market size of healthcare infrastructure in India is about to reach USD 349 billion by this financial year.[/vc_column_text][vc_single_image image=”3528″ img_size=”full” alignment=”center”][vc_column_text]
Why Invest in Indian Healthcare Sector?
[/vc_column_text][vc_column_text]As per the latest survey in 2021, the healthcare sector experienced the highest employment drive, hiring approximate 4.7 million people. By contributing to a GDP of approximately 2.1% in 2021-22, the healthcare market has become a hotspot for foreign investments. Moreover, the allowance of 100% FDI under the automatic route for greenfield projects positively impacts the FDI equity inflows.[/vc_column_text][vc_column_text]
Automobiles (EV) Industry
[/vc_column_text][vc_column_text]According to a survey by a leading newspaper company, the market for electric vehicles in India will experience a substantial surge in CAGR of over 90% by the end of 2030. The factors influencing the mass production of the electric automobile industry are powered by the innovation of improved and cost-effective batteries below USD 100 per kilowatt-hour and European regulation on emission limits on automobile manufacturers.[/vc_column_text][vc_single_image image=”3529″ img_size=”full” alignment=”right”][vc_column_text]Foreign firms starting a company in India or looking to Invest in India in this sector will notice significant growth and profit in the coming years.[/vc_column_text][vc_column_text]
Technology
[/vc_column_text][vc_column_text]India is among the top countries globally in terms of innovations, technological advancement, and space exploration.[/vc_column_text][vc_single_image image=”3530″ img_size=”full” alignment=”right”][vc_column_text]The forecasts suggest that developing research park technology, science laboratories, etc., in India will ensure a growth in CAGR by 13% by 2025. In addition, the Government’s support in the technological field attracted leading foreign companies from worldwide to invest in India.[/vc_column_text][vc_column_text]
Media And Entertainment
[/vc_column_text][vc_column_text]One of the significant industries in India that are showing an increase in the market acquisition is media and entertainment. FDI equity inflows of the information and broadcasting sector have been approximately USD 9.6 billion in the last 10 years.[/vc_column_text][vc_single_image image=”3531″ img_size=”full” alignment=”center”][vc_column_text]Moreover, the increase in the growth of OTT platforms brought about larger foreign investment and also attracted many to follow the path. To help this sector grow, the Government of India raised the FDI allowance limit to 100%, which made many top management consulting firms in India suggest global companies in this sector.[/vc_column_text][vc_column_text]
Education Sector
[/vc_column_text][vc_column_text]The Indian education sector is one of the pivotal markets with a 100% FDI allowance by the Government of India.[/vc_column_text][vc_single_image image=”3532″ img_size=”full” alignment=”center”][vc_column_text]In addition, the Government’s initiatives, including National Accreditation Regulatory Authority Bill for Higher Education, successfully achieved many foreign investments in the country. On September 23rd, 2021, 12 schools, including the Indian Institute of Science in Bengaluru and the other six IITs (Indian Institute of Technology), came among the top 500 universities as per the ranking of QS Graduate Employability 2022.[/vc_column_text][vc_column_text]
How Business Consulting Firms helps in the Best Investment Decision to Invest in India
[/vc_column_text][vc_column_text]Top management consulting firms in India like Tecnova Global are assisting foreign companies in understanding the diverse Indian market. As this country holds great competitive advantages and growth opportunities, it is daunting to choose the ideal market to invest in. Hence, business consulting firms in India channel their years of experience to offer a complete guide in the following fields:
- Comprehending entry barriers and business culture
- Guidance on the regulatory compliance in India
- Offering details insight on present and future market opportunities
- Assessment of demand and supply gaps, etc.
The roles and responsibilities of these business consulting firms professionals help potential foreign firms from taking wrong investment decisions. As the Indian economy is mixed, experts of consulting firms act as an eye to ensure the right and profitable investment by foreign companies.[/vc_column_text][vc_column_text]Reference
https://bit.ly/3z0oP6Y
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