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%.
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Mahendra Lochhab
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India is the world's largest manufacturer of two-wheelers, which account for more than 75% of the country's total automotive production. In 2023, the industry was valued at $16.63 billion and is expected to grow at a compound annual growth rate (CAGR
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Mahendra Lochhab
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The edible oil market in India was 24.7 million tons in 2023. The market is expected to grow at a compound annual growth rate (CAGR) of 1.35% from 2024 to 2032.
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Mahendra Lochhab
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The pan masala market in India is expected to grow at a compound annual growth rate (CAGR) of 4.4% from 2024–2032, reaching a revenue of 623,619 crore by 2032.
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Mahendra Lochhab
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The Indian fast food market is expected to grow at a compound annual growth rate (CAGR) of 7.3% from 2022 to 2028. The market is expected to reach USD 47,768.4 million by 2028.
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Mahendra Lochhab
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The Indian semiconductor industry is expected to grow from $34.3 billion in 2023 to $100.2 billion by 2032, with a compound annual growth rate (CAGR) of 20.1%. Other estimates put the market at $150 billion by 2030, with a CAGR of 24%.
India's smartwatch market has been growing rapidly, becoming the world's largest in 2022. The market is expected to grow at a compound annual growth rate of 64.7% from 2023 to 2029, reaching $120.9 billion by 2032.
CAGR vs. Simple Percentage Change: Key Difference
When analyzing growth, it's important to choose the right metric. Here's a quick breakdown:
Simple Percentage Change
- Measures the total growth between two points.
- Useful for short-term comp
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Mahendra Lochhab
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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.
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Mahendra Lochhab
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The Indian pet food market is growing rapidly, with an annual growth rate of 22% since 2020. The market is expected to grow even further in the coming years. .