Top 10 Industries In India | Top Business Supporting Indian Economy: Quite a many industry segments in India are doing very well in India producing billionaires. Making a positive impact on the Indian economy by catering to both the domestic market and exports, several industry segments are outperforming the others. Here are the top 10 industry segments in the country that have produced the maximum number of billionaires per the Hurun Report.
Top 10 Industries In India
In this article, we are going to discuss the top 10 industries in India. This list will categorize these industries based on their revenue, suppliers, and many more details. In this list, Pharmaceuticals is ranked in the first position in the top 10 Industries in India.
No.1 Pharmaceuticals
Pharmaceuticals in India have produced the highest number of billionaires numbering 137. The richest person from this industry segment is Poonawalla, with a net worth of INR 88,800 crores. Indian is the largest supplier of generic drugs to the world. India fulfills more than 50 percent of the global need for different vaccines, 40 percent of the generic medicine demands of the US, and 25 percent of the total medicine needs of the UK. The pharmaceutical industry discovers, develops, produces, and markets drugs or pharmaceutical drugs for use as medications to be administered (or self-administered) to patients, intending to cure them, vaccinate them, or alleviate the symptoms.
No.2 Software & Services
The software and services sector has produced 73 billionaires, the second-largest number in India on the Hurun Report. The richest person in this industry segment is Azim Premji, with a net worth of INR 1,17,100 crores. India has some industry leaders in this segment, including Infosys, Wipro, TCS, and Tech Mahindra that provide diverse products across different industry segments. It is sometimes referred to as “on-demand software” and was formerly referred to as “software plus services” by Microsoft. SaaS applications are also known as on-demand software and Web-based/Web-hosted software.
No.3 FMCG
MCG industry segment in India has produced 59 billionaires and stands in the third rank to produce the highest number of billionaires. The richest person from this segment is Nusli Wadia & Family, with a net worth of INR 42,200 crores. In the fast-moving consumer goods segment, household and personal care products alone account for 50 percent of the sales. Fast-moving consumer goods (FMCG), also known as consumer packaged goods (CPG), are sold quickly and relatively low. Examples include non-durable household goods such as packaged foods, beverages, toiletries, candies, cosmetics, over-the-counter drugs, dry goods, and other consumables.
No.4 Chemicals and Petrochemicals
Producing 57 billionaires, the chemicals and petrochemicals segment in India stands in the fourth position for producing the highest number of billionaires. With a net worth of INR 40,500 crores, Sri Prakash Lohia is the richest one from this segment. The dominant players in this segment are Reliance Industries Ltd (RIL), Indian Petrochemicals Corporation Ltd. (IPCL), Gas Authority of India Ltd. (GAIL), and Haldia Petrochemicals Ltd. (HPL). Petrochemicals are the chemical products obtained from petroleum by refining. Some chemical compounds made from petroleum are also obtained from other fossil fuels, such as coal or natural gas, or renewable sources such as maize, palm fruit, or sugarcane.
No.5 Automobiles & Auto Components
The fifth one in the list of industries producing the highest number of billionaires is India’s automobiles and auto components sector, producing 45 billionaires. The wealthiest person from this sector is Rahul Bajaj & Family, with a net worth of INR 60,700 crores. India is among the world’s largest markets and the leaders in the commercial vehicle manufacturing segment. Automobile (or car) – wheeled passenger vehicle that carries its own motor. Most definitions of the term specify that automobiles are designed to run primarily on roads, have seating for one to six people, typically have four wheels, and be constructed principally to transport people rather than goods.
No.6 Construction and Engineering
The construction engineering sector in India has produced 45 billionaires and thus stands in the sixth position among the top 10 industries producing the highest number of billionaires. The richest in this sector is P Pitchai Reddy enjoying a net worth of INR 13,400 crores. This segment is one of the largest employers in India and makes a significant contribution to the nation’s economy. Civil engineering is a related field that deals more with the practical aspects of projects. Construction engineers learn some of the design aspects similar to civil engineers and project site management aspects. At the educational level, civil engineering students concentrate primarily on the design work, which is more analytical, gearing them toward a career as a design professional. This essentially requires them to take many challenging engineering science and design courses as part of obtaining a 4-year accredited degree.
No.7 Financial Services
The financial services sector in India has produced 43 billionaires, with the richest person Uday Kotak having a net worth of INR 94,100 crores. This segment comprises commercial banks, co-operatives, non-banking financial companies, insurance companies, mutual funds, pension funds, and other smaller financial entities. Financial services are the economic services provided by the finance industry, which encompasses a broad range of business that manage money, including credit unions, banks, credit cards, companies, insurance companies, accountancy companies, consumer finance companies, stock brokerages, investment funds, individual managers, and some govt. Sponsored enterprises.
No.8 Food and Beverages
The total number of billionaires in Indian that have made their wealth in the food and beverages sector is 39. This makes this industry segment eighth member in the top 10 industries producing the highest number of billionaires. The wealthiest person from this sector is Ravi Jaipuria & Family, and the family’s net worth is INR 11,500 cores. India’s food and beverage industry makes up a major part of the Consumer Packaged Goods (CPG) industry.
No.9 Textile and Apparels and Accessories
The textiles, apparel, and accessor segment in India have produced 36 billionaires. This segment is ranked the ninth amohe the top 10 industry segments that have produced the highest number of billionaires. The wealthiest person from this sector is Harish Ahuja having a net worth of INR 5,900 crores. Indian textile industry is one of the oldest in the world and highly varied in terms of deliverables.
No.10 Real Estate
The real estate sector in India has produced 33 billionaires, and thus it stands in the tenth position among the industry segments that have produced the highest number of billionaires. The wealthiest person from this segment is Jitendra Virwani, and his net worth is INR 29,900 crores. The real estate sector in the country is among the most recognized sectors across the globe. The four sub-sectors of this segment include housing, retail, hospitality, and commercial.
Final Thought
Based on research, here is the list of the top 10 industries in India. In this list, there are all the top industries in India. We have categorized these industries based on their revenue, suppliers, and many more details. In this list, Pharmaceuticals is ranked in the first position in the top 10 Industries in India.
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