Quick Answer: Which Sector Has Highest Growth Rate?

Which sector has shown the highest growth rate?

Services sectorServices sector has been the major contributor to GDP after the LPG model was implemented.

Agriculture which contributed more than 50% to the country’s GDP, stood at 17% as of 2013 while the contribution of services sector has grown to around 57%, registering the highest growth across all sectors..

Which sector will grow in 2020?

5 Best industry sectors in 2020 for Indian investorsBanking. Are you serious? … Infrastructure. Despite the economic challenges, the Indian government continues to invest more – through a slew of infrastructure projects including expressways, railway lines, and freight corridors. … Automobile. … Information Technology. … Consumer Electronics.

Which industries will grow in future?

From biotechnology to artificial intelligence, we count down five of the fastest growing industries.1 – Renewable energy. … 2 – Cybersecurity. … 3 – Biotechnology. … 4 – Virtual reality. … 5 – Artificial intelligence.

Which sector is the largest employer?

agricultural sectorThe agricultural sector Primary is the largest employer in India. Nearly 51% of the population is engaged in this section in one way or the other. However its share in the national GDP is very less because of the following reasons.

Which is the fastest growing sector in the world?

Global Fastest Growing Industries in 2021Global Automobile Engine & Parts Manufacturing. … Global Commercial Aircraft Manufacturing. … Global Airlines. … Global Hotels & Resorts. … Global Beer Manufacturing. … Global Cargo Airlines. … Global Tourism. … Global Deep-Sea, Coastal & Inland Water Transportation. 2019-2020 Revenue Growth: 9.1%More items…

Which sector has highest growth rate in India?

The services sector is a key driver of India’s economic growth. The sector contributed 55.39% to India’s Gross Value Added at current price in FY20*. Services sector’s GVA grew at a CAGR of 1.45% to US$ 1,064.8 billion in FY20 from US$ 1,005 billion in FY16.

Which sector is growing fast in India 2020?

Indian healthcare industry is growing at tremendous pace and is considered as one of the fastest growing industry due to increased penetration of technology, improved connectivity and enhanced healthcare policies. Indian healthcare market is expected to grow threefold to Rs. 8.6 trillion by 2022.

Which sector will grow in next 10 years?

On the other hand, few industries like technology, machine learning, renewable energy, electric vehicles, etc are on the verge of rapid growth….Best sectors for long-term investment in IndiaInformation Technology (IT) … FMCG (Fast-moving consumer goods) … Housing finance companies. … Automobile Companies. … Infrastructure.

Which sector will grow in next 10 years in India?

WASHINGTON: The next 10 years is going to be India’s “golden moment” in key sectors like technology, pharmaceutical, e-commerce and manufacturing, said a top venture capitalist from Silicon Valley, pointing at the USD 20 billion foreign direct investment in the country amidst the coronavirus outbreak.

Which company will grow in future?

List of Fast Growing CompaniesSLNameBV Growth (5Y) %1Alkyl Amines Chemical23.872ADF Foods83Navin Fluorine Intern18.814HDFC Bank20.623 more rows

Which sector is best to invest?

7 Sectors for Long Term InvestmentIT (Information Technology): The revival of USA economy is good news for IT sector. … Pharma (Pharmaceuticals) Recently Govt of India has taken certain steps to promote pharma sector. … Housing Finance Companies / NBFC: … Auto – 4 Wheeler. … Infrastructure: … FMCG – Urban Consumption. … Logistics.

Which is the largest sector in India?

Services sectorServices sector is the largest sector of India. Gross Value Added (GVA) at current prices for Services sector is estimated at 92.26 lakh crore INR in 2018-19. Services sector accounts for 54.40% of total India’s GVA of 169.61 lakh crore Indian rupees.