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India is rapidly scaling up its infrastructure in order to sustain its growth. India’s manufacturing sector is also developing fast,

with world-class companies such as Bharat Forge, Tata Motors, and Mahindra. India’s healthcare industry is growing rapidly . Rising income levels among India’s middle class opens up new retail opportunities.and their are many sectors which will boost the economy of India and they are:

1.DEFENCE MANUFACTURING SECTOR:

India has the third largest military in the world and is the sixth biggest defence spender.The ‘Make in India’ initiative by the Government is focusing its efforts on increasing indigenous defence manufacturing and becoming self-reliant. The opening up of the defence sector for private sector participation is helping foreign original equipment manufacturers enter into strategic partnerships with Indian companies and leverage opportunities in the domestic market as well as global markets.Several products manufactured in India  are  HAL Tejas Light Combat Aircraft, the composites Sonar dome, a Portable Telemedicine System (PDF) for Armed Forces, Penetration-cum-Blast (PCB) and Thermobaric (TB) ammunition specifically designed for Arjun tanks,

a heavyweight torpedo called Varunastra manufactured with 95% locally sourced parts and medium range surface to air missiles (MSRAM).Raising the sectoral cap of foreign direct investment (FDI)  from the existing 49% to 74%. It is expected that increasing the FDI cap  will encourage global defence majors like Lockheed Martin, Boeing, Airbus and Dassault Aviation to set up manufacturing hubs in India and bring niche technology without hesitation as the firms will have majority stakes in their Indian subsidiary. 

2.HEALTHCARE SECTOR:

Healthcare has become one of India’s largest sector, both in terms of revenue and employment. Healthcare comprises hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance and medical equipment. The Indian healthcare sector is growing at a brisk pace .The healthcare market can increase three-fold to Rs 8.6 trillion (US$ 133.44 billion) by 2022.

There is a significant scope for enhancing healthcare services considering that healthcare spending as a percentage of Gross Domestic Product (GDP) is rising. The Government’s expenditure on healthcare sector has grown to 1.6% of the GDP in FY20BE from 1.3% in FY16.

Some of the major initiatives taken by the Government of India to promote Indian healthcare industry are as follows:-

*In Union Budget 2020-21, Rs 35,600 crore (US$ 5.09 billion) has been allocated for nutrition-related programmes.

*The Government has announced Rs 69,000 crore (US$ 9.87 billion) outlay for the health sector that is inclusive of Rs 6,400 crore (US$ 915.72 million) for PMJAY in Union Budget 2020–21.

3.INFRASTRUCTURE:

Infrastructure sector is a key driver for the Indian economy. The sector is highly responsible for propelling India’s overall development and enjoys intense focus from Government for initiating policies that would ensure time-bound creation of world class infrastructure in the country. Infrastructure sector includes power, bridges, dams, roads, and urban infrastructure development.


Foreign Direct Investment (FDI) in Construction Development sector stood at US$ 25.66 billion during April 2000 to March 2020, according to Department for Promotion of Industry and Internal Trade (DPIIT).The Government of India is expected to invest highly in the infrastructure sector, mainly highways, renewable energy, and urban transport.

In April 2020, the Government set a target of constructing roads worth Rs 15 lakh crore (US$ 212.80 billion) in the next two years.

Indian Railways has received an allocation of Rs 72,216 crore (US$ 10.33 billion) under Union Budget 2020–21.

Ministry of Housing and Urban Affairs received an allocation of Rs 50,040 crore (US$ 6.85 billion) under the Union Budget 2020–21.

4.RETAIL INDUSTRIES:

Indian retail industry has emerged as one of the most dynamic and fast-paced industries.Total consumption expenditure is expected to reach nearly US$ 3,600 billion by 2020 from US$ 1,824 billion in 2017. It accounts for over 10% of the country’s gross domestic product (GDP) and around eight% of the employment.
India is expected to become the world’s fastest growing E-commerce market, driven by robust investment in the sector and rapid increase in the number of internet users. 

India’s retail sector attracted US$ 970 million from various private equity funds in 2019.

walmart Investments Cooperative U.A invested Rs 2.75 billion (US$ 37.68 million) in Wal-Mart India Pvt Ltd.
Government may change Foreign Direct Investment (FDI) rules in food processing in a bid to permit E-commerce companies and foreign retailers to sell Made in India consumer products.Government of India has allowed 100% FDI in online retail of goods and services through the automatic route, thereby providing clarity on the existing businesses of E-commerce companies operating in India.

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