Digital Marketing Company for Small Business

These 9 Sectors In India Are Expected To Boom In 2022

These 9 Sectors In India Are Expected To Boom In 2022
Written by publishing team

car

The Indian auto sector is heading into 2022 with an optimistic outlook in its efforts to restore pre-pandemic sales volume, having laid a solid foundation in 2021 despite manufacturing hampered by the scarcity of semiconductors. Moreover, the sector has strong support from the government with favorable policies, such as the FAME-II scheme, promotion of incentives for two-wheelers, and the launch of the Sector Production-Linked Incentive (PLI) and PLI scheme for applicants. chemical cell, valued at INR 26,000 crores and INR 18,000 crores, respectively. This support will not only help the sector stand up to the pre-pandemic era, but will also provide tremendous support to the sector as it adopts advanced technologies.

Textile

Textile

The domestic textile sector, which experienced a drop in demand in fiscal year 2021 due to the onset of the Covid-19 pandemic, is on its way to recovery in fiscal year 2022 as a result of the reopening of institutions, educational institutions and retail outlets, as well as an increase in the vaccinated population. Sanctions on Chinese textiles have also encouraged Indian textile exports. CRISIL analysis also indicates that textile companies are on track to recovery in 2022. Moreover, government initiatives such as production-related incentive scheme, establishment of mega textile complexes, extension of state and central tax deduction and levies scheme are also helping this sector.

selling by pieces

selling by pieces

The retail business is undergoing a major transition in response to changes in the behavior of customers around the world. The sector’s desire for more comfort in the post-COVID period. To meet the growing demand of the Indian customer, the retailers are implementing an omnichannel strategy and accelerating the integration of digitization, developing new age technology into their operations. The future of the industry will be determined by its ability to adopt a multi-channel approach to the pandemic. When online and offline channels compete, physical retail or multi-channel distribution looks promising. In addition, e-commerce is growing rapidly in the country. Customers enjoy a constantly selected selection of items at the lowest prices. E-commerce is certainly causing the biggest shift in retail, and this trend is expected to continue in the coming years.

financial technology

financial technology

Before the pandemic, there was a massive acceleration in fintech acceptance, with adoption doubling every two years. When the world hit the pandemic, FinTech has become an important commodity for all organizations to stay afloat in these turbulent times. Advanced technology, combined with the demand for financial market liquidity, has facilitated the rapid adoption of fintech solutions, and even the most skeptical companies have been driven to accept them. While 2020 and 2021 were the years of fintech acceptance, 2022 and beyond will be years of innovation and revolution.

Indian Pharmaceutical or Pharmaceutical Sector (IPS)

Indian Pharmaceutical or Pharmaceutical Sector (IPS)

The pharmaceutical sector is related to the healthcare sector, as the healthcare sector is expected to grow in 2022, and the pharmaceutical sector is also looking forward to a promising year ahead. According to the rating agency ICRA, IPS will grow at a rate of 9-11% in 2021-22, with domestic and developing markets driving growth in the coming quarters. According to ICRA, revenue growth in Q2 FY22 was moderate at 6.4%, down from 16% in Q1 2021-22 in a sample of 21 Indian pharmaceutical companies. The normalization of base and price pressures in the US market was a major reason for the decline in growth momentum in the second quarter of FY22, even if growth in domestic and developing markets remained strong, according to ICRA.

Real estate

Real estate

The Indian housing market is showing signs of recovery and is likely to gain momentum in the coming months. With strong end-user demand and comfortable market conditions, average sales volumes are likely to exceed the pre-Covid quarterly average sales in 2019. Disclosure of positions as a result of Omicron will be a critical component in influencing sales momentum as the result of any lockouts. Experts believe that digital marketing and online registration would help overcome this hurdle. Growth levels have already been reached in major real estate markets such as Pune, Hyderabad, Bangalore, Ahmedabad and Mumbai.

Health Care

Health Care

The past two years have been a challenging year for the healthcare sector due to the COVID-19 pandemic, however, the industry has overcome all challenges. The time in the future is already promising as now, the sector is well equipped and planned. According to the Association for Healthcare Information and Management Systems’ “Future of Healthcare” report, more than 80% of healthcare systems want to expand their investments in digital healthcare technologies over the next five years. According to Invest India Research, the healthcare business in India is expected to reach $372 billion by 2022. The hospital business in India accounts for 80% of the healthcare industry and is projected to grow at a compound annual growth rate of 16-17% to &$ ; 132.84 billion by fiscal year 22 of $ 61.79 billion in fiscal year 2017.

Renewable energy

Renewable energy

After a year of uncertainty, India’s renewable energy sector is set to boom in 2022, with an estimated investment of more than US$15 billion as the government focuses on electric vehicles, solar equipment manufacturing, green hydrogen, and achieving an ambitious 175GW renewable energy target. . India has somewhat more than 150 GW of installed capacity for renewable energy production, with a goal of achieving 175 GW by 2022. Solar will provide 100 GW, wind will provide 60 GW, bioenergy will provide 10 GW, and small hydropower projects will provide 5 GW.

Total FDI inflows into India’s unconventional energy industry reached $10.28 billion between April 2000 and June 2021, according to statistics provided by the Department for Industry Promotion and Internal Trade (DPIIT). In 2018, new investment in renewable energy in the country amounted to 11.1 billion US dollars. According to the analytics firm British Business Energy, India will rank third in the world in terms of renewable energy investments and ambitions in 2020.

Chemicals

Chemicals

India is a major provider of dyestuffs, accounting for 16% of the global production of dyestuffs and dyestuffs. India enjoys a large position in the export market of dyes, pharmaceuticals and agrochemicals. Japan, Germany, the United States, Singapore, Spain, Switzerland, Turkey, and the United Kingdom are among the countries that import dyes from India. By 2022, the Indian dyes and pigments industry is expected to be worth US$63 billion. SMEs in the domestic chemical industry are expected to grow by 18-23% in FY22, due to increased domestic demand and increased perception due to higher chemical prices. Moreover, except for a few hazardous chemicals, industrial licensing and 100% foreign direct investment are allowed through automatic method in the chemical industry making it a promising industry in 2022.

About the author

publishing team