India is significantly stepping ahead on the pathway to a sizzling economic boom. With advancements in technology, increasing awareness among individuals in terms of acquiring relevant skills and expertise with industry best practices, continuous innovations and exceptional support from the Central Government Policies, the country’s economy is witnessing a positive transformation. Fueled by various powerhouses that have shown amazing performance in terms of profit generation over the years, these fastest-growing industries’ contribution is remarkable in elevating India’s economic growth.
On the one hand, the IT sector is constantly making its unprecedented contribution, and leading online higher education companies like Jaro have taken the EdTech sector to new heights of success and glory. Not only India’s healthcare industry is continuously making remarkable innovations, but the FMCG sector is increasingly stepping ahead to become the largest food industry across the globe. The current context is all about unveiling these top profit-generating powerhouses in India. We will also assess the best players in every industry that is shaping the future of all these sectors. Their unique approach, positive mindset and exceptional strategies play a crucial role in motivating emerging players to adopt the same mentality to boost the entire sector and take the country’s pride to the next level.
India’s Rising Stars – The Top 5 Profit-Generating Industries
- Healthcare Sector
It’s undoubtedly the most promising sector in the country with a compound growth rate of around 22 percent for many years. It has already been termed the largest sector of the Indian economy. India owns a reputable position for holding the largest pool of well-trained medical professionals. According to statistics, the nation comprises the largest young population way more than any other nation in the world. Apart from that, the abundance of essential ingredients, positive government approach, significant policies, accelerated investment opportunities, a robust pharma and medical supply chain, the largest number of smartphone users, etc. are some of the major factors due to which the sector is witnessing growth at a massive rate. Moreover, there are future plans to boost the sector further by introducing a credit incentive program of around US$6.8 million to boost the country’s healthcare infrastructure.
With such big positives, career growth aspirants can have brilliant chances to fulfill their dreams in the healthcare industry. Bharat Biotech is a top player in the Indian healthcare sector and is renowned for being a global leader and vaccine innovation in the sector. The nation’s changing attitude towards healthcare awareness is among the major factors due to which the healthcare services demand will go higher in the future. Courses like the Executive Programme in Healthcare Entrepreneurship and Management by CEP, IIT Delhi can help you provide a great direct direction to your career in the industry. You can connect with Jaro Education, the most trusted online higher education company in India to get enrolled in this rigorous online certification.
- FinTech Sector
With exceptional figures of sharing a 14% share in global funding accounting, India’s FinTech sector ranks #2 on Deal Volume (the leading league tables ranking). The sector is estimated to reach up to $2.1 Tn by 2030 and is still among the most promising powerhouses in India. The fastest-growing powerhouse and top profit-generating sector holds a highly positive reputation as Indian Fintech startups are the 2nd most promising and fastest-growing startups in terms of revenue generation across the globe.
As per the current report, there are more than 3000 FinTech companies operating in India. Among the top profit-generating powerhouses in the sector, Perfios is the most authoritative force in the industry in terms of net profit. It is renowned for providing a wide range of data analytics and credit decision-making solutions to NBFCs and other financial institutions. A rigorous program like the Advanced Programme in Financial Technologies and Financial Analytics by IIM Ahmedabad can help empower leaders to take a positive attitude towards leveraging digital strategies, innovations in the FinTech world and industry best practices to create a special position in reputable firms like Perifos.
- Information Technology and Software Services
With the rapid expansion of India’s digital market and the rising stats of smartphone users, the growth of the Indian IT sector is constantly booming. Modern-day businesses are adopting digital technologies to stay ahead of the competition. As data analytics is a rising trend everywhere, digital marketing strategies and innovative tools like software, applications etc. have motivated thousands of career growth aspirants to seize opportunities in the booming IT sector.
Infosys, with a market capitalization of 800,000 crores holds the reputation of being the nation’s top profit-generating powerhouse. It can be a great plus if you head towards acquiring multiple skills and expertise in the field. Consider a rigorous programme like Digital Marketing: Business Models, Processes and Technologies – IIM Ahmedabad to stay ahead of the curve.
- FMCG
As of recent market analysis reports, the FMCG market of India reached US$ 307.2 Tn and is going to be just about double by 2030. It is currently witnessing a massive growth rate of 9.5% every year and the trends are likely to be even better in coming years. As promising players continue to enter the industry, they focus on bringing the rural areas and less-recognized towns into the mainstream. Hence, the future of this industry is looking extremely bright. Among the biggest powerhouses in the FMCG sector, Hindustan Unilever Limited tops the chart. Amazing opportunities have constantly been created in the FMCG world and the only thing growth aspirants need to consider is acquiring relevant skills and an adequate understanding of analyzing trends to make a special space for them in the organization. Consider top courses via Jaro Education’s platform like the Executive Programme in Product Innovation & Design Thinking for Business Growth by CEP, IIT Delhi as employers in the FMCG sector look for candidates who have innovative approaches to creating innovative products and services.
- Education Technology
The sector witnessed massive user interest during this time of pandemic-driven lockdown. People were forced to be there under various restrictions and that allowed them to learn something important, relevant and vital without going anywhere. Now, it has become the top 5 profit-generating sectors in India as promising players are entering the pool with innovative approaches and fresh mindsets. Among the biggest players in the picture, Jaro Education is the most comprehensive organization as it aims to make the platform globally recognized so that learners across the globe can easily connect. It positively creates meaningful business collaborations with reputable B-schools and universities across the globe to bring the finest certifications and online courses into the mainstream.
As we have evaluated the most promising and leading profit-generating powerhouses in each of the top 5 sectors in India, you can still find some facts and reports that disclaim differently from the perspective, it doesn’t mean that any of the claims are wrong. It’s due to fluctuating and evolving market conditions with each passing day and different rank-providing agencies use different analytics and tools. The major goal is all about keeping the audience updated with future trends and suggesting career growth aspirants with the best tips to shape their careers in the right direction.
