Union Budget 2023-24
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  • Agriculture & Allied Sector

    Share of Gross Value Added by Agriculture and Allied sector to total economy is 18.8% in FY 2022

    • # 1

      Milk production in the world contributing 24% of global milk production
    • # 1

      Producer of millet in the world with an area of 15.48 million hectares under cultivation.
    • # 1

      Producer and Exporter of Sugar
    • # 1

      Mnumber of organic farmers and 9th in terms of area under organic farming
    Agriculture & Allied sector
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  • Auto Components

    Auto Components industry turnover to reach $200 Bn by 2026.

    • 2.3%

      Share in India's GDP
    • 5 Mn

      Employment generated
    • 6%

      CAGR (over 6 years)
    • $ 13.3 Bn

      Auto Component exports
    Indian Auto Components Industry
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  • Automobile

    MHI sanctioned INR 70.25cr to support EV Ecosystem by enhancing testing facilities in India.

    • 7.1%

      Share in India's GDP
    • 37 Mn

      Employment generated
    • 40%

      Share in global R&D
    • 4.7%

      Share in India's exports
    Automobile Business in India
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  • Aviation

    India to become the third largest aviation market in the world by 2024.

    • 25%

      Passenger Traffic Growth
    • 109%

      Foreign Tourist Arrival growth
    • 4.2

      Total Freight Traffic (MMT)
    • 45.9%

      Domestic Aircraft Movement Growth
    Aviation Business in India
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  • BFSI – Fintech & Financial Services

    India has the highest FinTech adoption rate globally of 87% which is significantly higher than the Global average rate of 64%.

    • 10 Bn+

      Monthly volume of digital payments
    • 75%

      Of all retail digital payments in India is UPI
    • 25

      Fintech Unicorns
    • $ 34 Bn

      Fintech Funding (2014-2022) (approx)
    image_quotes
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  • Biotechnology

    India is emerging as the world's major bioeconomy with fast-growing Biotech StartUps

    • 74+

      Bio-incubators
    • 17%

      Expected CAGR (2022-2025)
    • 750+

      Products/ Technologies Supported
    • 32000+

      Employment Generated
    Biotechnology in India
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  • Capital Goods

    Capital goods contribute 12% to the overall manufacturing in India.

    • 12%

      Share in manufacturing
    • 5 Mn

      Direct employment
    • 40%

      T&D equipment demand
    Capital goods india
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  • Chemicals

    The chemical industry is a knowledge intensive as well as capital intensive industry.

    • 7.98%

      Share of GVA in Chemical manufacturing sector
    • 11.7%

      Chemical products exports share
    • 4.91%

      CAGR in producon of Major Petrochemicals
    Chemicals industry in India
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  • Construction

    100 Smart Cities, 11 Industrial Corridors.

    • 9%

      Share in India's GDP
    • 51 Mn

      People employed
    India infrastructure
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  • Defence Manufacturing

    India’s defence exports have reached an all-time high of INR 15, 920 crore in FY 2022-2023. 

    • 2.1%

      Share of GDP spent on defence (2021-22)
    • 15%

      Share in global arms import
    • $ 11.3 bn

      Defence Sector Market Size
    • 19%

      Increase in Defence Capital Expenditure (FY21-22)
    Defence industry in India
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  • Electronic Systems

    Electronics hardware industry is the world’s largest and fastest growing industry and is increasingly applications in all sectors of the economy.

    • $ 1 Tn

      Digital Economy by FY26
    • $ 140 Bn

      Indian Electronics Market
    • $ 30 Bn

      Fiscal incentives for ESDM & Allied Sectors
    Electronic manufacturing in India
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  • Fisheries & Aquaculture

    2nd largest aquaculture country in the world accounting for 8% of Global production.

    • 90.6%

      Increase (value terms) in marine product exports from 2013-14 to 2021-22
    • 10.34%

      Annual growth rate of fish production from 2020-21 to 2021-22
    • 8%

      Average annual growth rate of the fisheries sector in last 8 years
    Fisheries & Aquaculture
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  • Food Processing

    Average Annual Growth Rate (AAGR) of 8.3% in the last 5 years. 

    • 18.8%

      % share of GVA of agriculture and allied sector to total economy
    • 12.32%

      Share in total employment
    • 10.4%

      Share in India's exports
    • 136%

      Cropping intensity
    Food processing industry
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  • Healthcare

    The Indian healthcare sector is one of the largest sectors in terms of both revenue & employment.

    • 100 Mn

      eSanjeevani telemedicine consultations
    • 45.06%

      Increase in the total investments in healthtech startups.
    • 40%

      Share in hospital beds (Pvt.)
    • 150 k

      Functional Ayushman Bharat Health & Wellness Centres
    Healthcare in India
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  • IT & BPM

    India is the Global Destination for Digital Talent

    • 7.5%

      Share in India's GDP
    • 57-58%

      Share in global sourcing
    • 17.2%

      Growth in export revenue
    • 53%

      Share in Indian services export
    Invest in IT
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  • Leather

    The Leather Industry holds a prominent place in the Indian economy providing employment to about 4.42 mn people

    • 9.36% Bn

      Export of Finished Leather (2021-22)
    • 42.01%

      Export share of Leather Footwear (2021-22)
    • 4.39%

      Export share of Non-Leather Footwear (2021-22)
    Leather Business in India
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  • Media

    Among the Fastest Growing Media & Entertainment Markets in the World.

    • 58%

      Traditional Media’s contribution to total M&E revenue
    • 27%

      Digital Media’s contribution to total M&E revenue
    • 14%

      E-commerce advertising crossed $ 855 Mn to garner with total digital advertising
    Media and Entertainment Industry in India
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  • Medical Devices

    India is the 4th largest market for medical devices in Asia, among the top 20 markets globally

    • 15%

      Market Growth Rate (expected)
    • 6000+

      Types of Medical Devices in India
    • 250+

      MedTech Startups
    Medical devices India
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  • Metals & Mining

    India produces as many as 95 minerals, which include 4 fuel, 10 metallic, 23 non-metallic, 3 atomic and 55 minor minerals (including building and other materials).

    • 5.70%

      Increase in Coal Based Power Generation Achieves
    • $ 17.22 Bn

      FDI equity inflows to metallurgical industries and mining (Apr 2000 - Dec 2022)
    • $ 27.73 Mn

      FDI equity inflows to coal production (Apr 2000 - Dec 2022)
    Steel
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  • Oil & Gas

    India’s journey to be energy self-sufficient by 2047 has begun well.

    • 3.33%

      Gas Consumption CAGR (2015-16 to 2021-22)
    • 2%

      Petroleum Product Consumption CAGR (2015-16 to 2021-22)
    • 6%

      Number of Petroleum Product Retail Outlets CAGR (2012 to 2022)
    Oil and Gas Business in India
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  • Paper & Packaging

    Indian Paper Industry Goes Global: Remarkable sixfold increase in India’s exports of Paper and Paperboard products in 2021-22 compared to 2015-16.

    • 18%

      Share of Wood in total production
    • 7 %

      Share of Agro in total production
    • 75%

      Share of Waste Paper Mill in total production
    Paper & Packaging
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  • Pharmaceuticals

    The Indian pharma industry ranks 3rd globally in pharmaceutical production by volume.

    • 3.3%

      Total FDI inflows
    • $ 23.5 Bn

      Export of Pharmaceuticals (FY 21-22)
    • $ 21.22 Bn

      FDI (Apr 2021-Dec 2022)
    Pharma Sector in India
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  • Ports & Shipping

    Maritime transport in India handles 95% of the trade by volume

    • 1,251 MT

      Cargo traffic at major ports in 2020-21 (for both major and minor ports)
    • 50%

      Cargo traffic growth reduction in Average Turnaround Time in last 10 yrs
    • 1463

      Indian fleet strength (no. of vessels - coastal & overseas as on Apr 2020)
    • 2,554 MTPA

      Port capacity (both major & minor ports)
    Port Sector in India
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  • Railways

    India has the world's largest rail network in terms of passenger traffic

    • 12 Bn

      Annual Estimated Passengers in 2031
    • 8,220 MT

      Annual Estimated Freight Demand in 2031
    • 2024 MT

      Freight Loading by 2024
    • $ 17.2 Bn

      Revenue from freight traffic
    Indian railways
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  • Renewable Energy

    India is 4th globally for total renewable power capacity additions

    • 1000 + GW

      Renewable energy potential in India
    • 160 GW

      Installed renewable energy capacity (as of May 2022)
    • 40%

      Share in total installed capacity
    Renewable Energy Sector in India
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  • Retail & E-commerce

    Indian retail market is projected to reach $2 Tn by 2032.

    • 10%

      Contribution to India's GDP
    • 8%

      Share in India's employment
    • 10%

      Growth rate of retail sector over 2022-32
    • 12%

      Share of Organised retail of total retail market
    Retail
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  • Roads & Highways

    India has the second largest road network in the world of about 63.32 lakh km.

    • 37 Km

      Avg. highway constructed per day in FY 2020-21
    • 1.4 Lakh Km

      Total length of National Highways as of Aug 2021
    • 15%

      Share of GDP on logistics & transportation
    • INR 2.7 Lakh Cr

      Budget 2023-24 for Roads and Highways
    Roads
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  • Telecom

    World's 2nd Largest Mobile Market

    • 231%

      Internet Connections Growth (2014-2021)
    • 4 Mn

      Total employment
    • 10 Mn+

      Active 5G Devices in India
    • 100

      No. of smart cities
    Telecom Business in India
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  • Textiles & Apparel

    7 PM-MITRA Parks announced

    • 28,597

      Trained Artisan
    • 168

      Energy Intensive Textile Units
    • 31

      Functional Textile Parks
    Textile Industry in India
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  • Thermal Power

    India has the 5th highest installed thermal power capacity globally.

    • 49.3%

      Coal Installed Capacity
    • 416059 MW

      Total Installed Capacity
    • 11.3%

      Hydro Installed Capacity
    • 30.1%%

      Wind, Solar & Other RE Installed Capacity
    Power projects in India
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  • Tourism & Hospitality

    4th in terms of Domestic visitor spending, WTTC (2021)

    • 12.91%

      Share of tourism jobs during 2020-21
    • 677.63 mn

      Domestic Tourist Visits all over the country (2021)
    • 6.19 mn

      Foreign Tourist Arrivals (2022)
    • $ 8.8 Bn

      Foreign exchange earnings (FEE) from tourism in 2021
    Tourism Business in India
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