Back

The services sector is the largest contributor to India's GDP, contributing over 50% in 2023.

As of 2023, India's road network is the second largest in the world, after the United States. It contributes 4.8% to the country's GDP, and 90% of passenger traffic and 64.5% of goods travel by road.

Here is a timeline of India's largest conglomerates that has outshined in almost every industry to exist

The auto industry contributes around 7.1% to India's GDP.

The travel and tourism industry contributed US $178 billion to India's GDP in 2021. By 2028, the industry is projected to contribute US$512 billion to India's GDP.

India's travel and tourism industry is a major economic driver, contributing significantly to GDP and employment, with a projected growth of 7.1% annually. It's expected to reach US$125 billion by FY27.

India's textile industry is the country's second largest employer after agriculture, and employs up to 10.5 crore people. It also supports livelihoods for 5.8 million cotton farmers and 40–50 million people involved in other activities.

In 2022, India's automotive industry was the world's fourth-largest by production and valuation.

The average annual growth rate of India's manufacturing sector over the last decade is 5.2%. In 2022-23, the manufacturing sector grew by 4.7% and contributed 17% to the country's GDP.

The packaging industry in India is the fifth largest sector in the country's economy and is growing at a compound annual growth rate (CAGR) of 22–25%.