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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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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 22โ€“25%.

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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.

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

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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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