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Mahendra Lochhab

Stealth • 4d

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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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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The IT industry in India grew at its fastest rate in a decade during the COVID-19 pandemic, generating $227 billion in revenue in 2022.

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The housing sector is the biggest consumer of cement in India, accounting for about 67% of the country's total cement consumption.

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What problems does the manufacturing sector struggle with in our country?

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India's diamond industry is one of the country's largest businesses, contributing 29% to the global market and almost 7% to India's GDP. In 2019, more than 4 million people worked in the industry.

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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.

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