Top Indian Industries Poised to Grow During and After 2020

With 1.35 billion people in India, the quantity of the workforce is not a problem. India is a country of a dynamic and youthful workforce, but for national growth, the workforce should be more skilled. These are some Indian industries which saw high growth in sectors post 2020.

High-Growth Indian Industries During and Post 2020

1. IT Industry

Top Indian Industries Poised to Grow Post Covid

The Information Technology sector is already known as the most promising sector in India for several years now. IT sector contribution to India’s GDP is enormous. It goes from 1.2% in 1998 to 11.1% in 2024. Thanks to the IT sector, the image of India is now changing from country with slow-developing rate to a long-run player in the global industry which will provide world-class technology solutions.

Experts from India Brand Equity Foundation (IBEF) calculated that the IT industry is now reaching $225 billion per year. Indian experts also predict that by 2023, the Indian IT sector will employ more than 5 millions which will become the highest sector employer.

2. Healthcare Industry in India

When we talk about top industries we must talk about the health care industry as well. The health care industry is one of the most important industries in India and a huge contributor to the Indian economy. This sector is one of the leaders not only when it comes to revenue but also when it comes to employment. The reasons why India’s health care industry is growing are income levels, living habits, and lifestyles.

In India’s healthcare sector, private companies have emerged as leaders and not just on the national level but on the international level as well. They contribute to 70% of India’s total healthcare earnings. The Indian government now has the goal to develop healthcare as a global medical power and to help foreigners as well.

India currently employs around 7.5 million people in the healthcare sector. With increased infrastructure development, insurance penetration, and digital health initiatives, industry projections suggest this workforce will nearly double by 2030. Between 2025 and 2027 alone, an estimated 4 to 5 million new jobs are expected to be created, making healthcare one of the country’s largest employment generators.

3. Fast-Growing Retail Industry in India

The Retail industry in India is reaching the number one place in the Indian economy. Over several years, the retail industry in India has become one of the fastest-growing industries. The reason for this is the entry of many big players and increasing demands because of the growing population.

The retail industry in India is now more than 10% of the country’s GDP and approximately 8% of the workforce. As we all know, India is the second-largest population on Earth with fast-growing urbanization, Internet access, and affluent middle class, all this creates a huge potential for the retail industry. Furthermore, the retail development index in 2017 has shown India as the number one country for retail development.

It is also estimated that by 2025, India will be in the third-largest position in the world’s consumer economy, and consumption level will exceed 400 billion dollars.

4. SaaS & Remote-Working Tools

In times like these, SaaS and remote working tools are perfectly positioned for success. As we adapt to constant changes, these tools help keep current projects on track and play a big role in shaping the way we work in the future.

These tools are set to become the foundation of future business operations—and a lifeline for many existing ones. By meeting today’s demands and enhancing productivity, they’re helping reshape the work culture and guiding countless brands around the world toward a stronger, more adaptable future.

5. E-Commerce & Delivery Based Services

With national lockdowns in place across many countries and social distancing becoming the new normal for the foreseeable future, people are avoiding crowded places like markets and grocery stores. As a result, e-commerce and delivery services are experiencing massive growth. These platforms offer a safer, contactless way to get both essential and non-essential items—something that’s strongly recommended during the COVID-19 crisis. This shift is expected to drive a major increase in customer-retail activity in the coming months.

Even before everything changed, this industry was already growing fast thanks to tech advancements and better user experiences. But recent events have taken that growth to a whole new level. People who used to avoid ordering things online are now turning to digital platforms for their everyday needs—whether it’s groceries, services, or other essentials.

6. Ott Platforms & Online Gaming

Online gaming and streaming platforms have quickly taken the spotlight, replacing traditional ways of entertainment. With movie theaters, gaming zones, and other hangout spots shut down or restricted, OTT services and online games have stepped up to keep people entertained and connected.

Soon enough, those unfamiliar with these options would grow accustomed to them, replacing the need to go out for entertainment. These options save both time and money, offer a more personalized experience, and let you enjoy it all from the comfort of your home.

7. Pharma, Life Sciences & Labs/pathology

Another big winner has been the pharma, life sciences, and pathology sector, which has seen impressive growth. Whether it’s kids, adults, or seniors, most people now want to make sure they have enough medical supplies and easy access to healthcare—especially with the uncertainty brought on by COVID-19.

Once a vaccine successfully developed, the shape of our current Pharma industry would change for good. Every person will need a dose, and meeting that massive demand rests on the shoulders of our pharma industry.

Managed Office Spaces

Another area set to see major growth is managed office spaces—offering flexible solutions for corporates, startups, and commercial real estate needs. With remote work becoming the norm and businesses aggressively cutting costs, the way we work and operate has completely transformed. The need for cost-efficient, comfortable managed office spaces observed.

With people unlikely to travel for work, these managed office spaces would provide a suitable alternative to the need at hand. Startups, SMEs, and even corporate bodies are looking forward to cost-cuts in order to balance things out. These are safer than conventional office hubs and come for a fraction of operational costs for the same.

Conclusion

Conclusively, the future looks bleak for most of us. Economic growth remains uncertain. Widespread unemployment looms in the coming quarters. However, Indian industries mentioned above may not face the same fate. These would continue to shine even in the cloudiest of weather. After when the storm passes by, these would emerge as the knowledge and industry leaders to behold.

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