A plethora of business sectors in India are experiencing rapid growth since the last few years. Increasing urbanization and economic policies implemented by the government are few of the catalysts that led to this exponential growth.
If you’re looking to invest in one of these sectors, it is essential to keep yourself updated on the same from time to time. Here we discuss a few sectors that are currently some of the best-performing ones in our country
Technology/IT- From a humble contribution of 1.2% to India’s GDP in 1998, to 7.7% in 2017, the IT sector in India has come a long way. In the last 2 years alone, India’s Information Technology sector grew to more than US$ 165 billion. It also accounted for more than 53% share in the US global services business in the last two years. The current domain that is taking over Indian IT investments is Artificial Intelligence. Most companies are said to increase investment in AI by at least 8% in the coming year. Furthermore, the NITI Aayog is in the process of implementing programs to help businesses leverage AI better.
Continue Reading with Magzter GOLD
Log-in, if you are already a subscriber
Get unlimited access to thousands of curated premium stories and 5,000+ magazines
READ THE ENTIRE ISSUE