In 2023, almost half of India’s GDP was generated by the services sector, a slight and steady increase over the last 10 years. Among the leading services industries in the country are telecommunications, IT, and software. The IT factorThe IT industry is a vital part of India’s economy, and in the fiscal year of 2016/2017, it generated about 8 percent of India’s GDP alone – a slight decrease from previous years, when it made up about 10 percent of the country’s economy. Nevertheless, the IT industry is growing, as is evident by its quickly increasing revenue and employment figures. IT includes software development, consulting, software management, and online services, and business process management (BPM). Employee migrationAlthough employment figures in IT, and thus in the services sector, are on the rise, most of the Indian workforce is still employed in agriculture, however, the figures show a trend pointing towards a reversal of this distribution. For now, the majority of Indians still do not live in cities – where IT jobs are generated – but urbanization is on the rise as well.

In 2022, 42.86 percent of the workforce in India were employed in agriculture, while the other half was almost evenly distributed among the two other sectors, industry and services. While the share of Indians working in agriculture is declining, it is still the main sector of employment. A BRIC powerhouseTogether with Brazil, Russia, and China, India makes up the four so-called BRIC countries. They are the four fastest-growing emerging countries dubbed BRIC, an acronym, by Jim O’Neill at Goldman Sachs. Being major economies themselves already, these four countries are said to be at a similar economic developmental stage -- on the verge of becoming industrialized countries -- and maybe even dominating the global economy. Together, they are already larger than the rest of the world when it comes to GDP and simple population figures. Among these four, India is ranked second across almost all key indicators, right behind China. Services on the riseWhile most of the Indian workforce is still employed in the agricultural sector, it is the services sector that generates most of the country’s GDP. In fact, when looking at GDP distribution across economic sectors, agriculture lags behind with a mere 15 percent contribution. Some of the leading services industries are telecommunications, software, textiles, and chemicals, and production only seems to increase – currently, the GDP in India is growing, as is employment.

The Manufacturing Market in India Report is Segmented by Ownership (Public Sector, Private Sector, Joint Sector, and Cooperative Sector), Raw Materials Used (Agro-Based Industries and Mineral-Based Industries), and End-User Industry (Automotive, Manufacturing, Textile and Apparel, Consumer Electronics, Construction, Food and Beverages, and Other End-User Industries). The Report Offers Market Sizes and Forecasts in Value Terms (USD) for all the Above Segments.

The Index of Industrial Production across all Indian industries in the financial year of 2024 was recorded at around 147. This indicated a growth in industrial production and growth across all sectors by around six percent from the previous year.

The Indian Infrastructure Market Report is Segmented by the Infrastructure Segment (Social Infrastructure, Transportation Infrastructure, Extraction Infrastructure, Manufacturing Infrastructure, and Utility Infrastructure) and Key States (Maharashtra, Karnataka, Delhi, Telangana, and Other States). The Report Offers Market Size and Forecasts Value (USD) for all the Above Segments.

The trade, hotels, transport, and communication industries had the highest GVA growth rate of 15 percent among all other industries in India in the financial year 2022. Overall, the services sector registered the highest growth compared to the agriculture and industry sectors. Public administration, defense and other services industries were expected to have a GVA growth of over nine percent in the financial year 2025.
What is GVA? GVA or gross value added is the value of goods and services produced by an industry, sector, manufacturer, or region in an economy and is used to calculate the GDP of a country. GDP combines all GVA values across industries, levies taxes, and subsidies. While GDP calculates an overall number of goods produced by a nation, GVA measures the value added to the product. It is the difference between gross and net production. The sectoral analysis provided by GVA helps policymakers create sector-specific policies and make decisions regarding incentives. The National Statistical Office (NSO) publishes estimates of GVA in India on a quarterly and annual basis, elaborating on eight main types of commodities. Services sector In India India’s services sector covers a wide range of industries including trade, hotels, restaurants, IT-BPM, storage, communication, financing, insurance, real estate, business services, etc. Numerous government projects like Smart Cities, Clean Cities, and Digital India are strengthening the growth of the services sector. The sector also attracts significant foreign direct investment and contributes massively to exports, although agriculture accounts for the majority of the employed population.

The India Manufacturing Sector Market offers a diverse range of products, including automobiles, machinery, electronics, and pharmaceuticals. The automotive industry is one of the largest segments, driven by factors such as increasing urbanization, rising disposable income, and government initiatives to promote domestic manufacturing. The machinery segment is also experiencing growth, supported by the expanding manufacturing base and the need for automation. The electronics industry is witnessing significant demand due to the growing adoption of consumer electronics and the proliferation of the digital economy. The pharmaceutical industry is driven by factors such as increasing healthcare expenditure and the rise of chronic diseases. Recent developments include: January 2023: Sundram Fasteners, an auto component manufacturer, secured its largest-ever EV contract in its six-decade history. The Chennai-based company clinched a USD 250 million deal from a prominent global automobile manufacturer to supply sub-assemblies for its electric vehicle (EV) platform. Sundram Fasteners anticipates reaching an annual sales peak of USD 52 million by 2026, with a supply of 1.5 million drive unit sub-assemblies per annum., January 2023: Tata Motors, a multinational automotive manufacturing company based in India, disclosed plans to potentially establish plants in India and Europe for manufacturing battery cells dedicated to electric vehicles (EVs). The Chief Financial Officer of Tata Motors' auto unit revealed this information in an interview with Reuters. Tata Motors, which has sold a total of 50,000 electric cars thus far, dominates India's EV market and aims to introduce 10 electric models by March 2026.. Key drivers for this market are: Increasing demand for products in sectors like automotive, consumer electronics, and pharmaceuticals, both domestically and internationally, is fueling the expansion of manufacturing activities in India. Potential restraints include: Inadequate infrastructure, including poor transportation networks, inconsistent power supply, and inefficient logistics, which raise operational costs and hinder the smooth functioning of industries. Notable trends are: Growing government spending and the large and growing population, coupled with a rising middle class, are driving the market growth.

Abstract

Introduction

The Annual Survey of Industries (ASI) is one of the large-scale sample survey conducted by Field Operation Division of National Sample Survey Office for more than three decades with the objective of collecting comprehensive information related to registered factories on annual basis. ASI is the primary source of data for facilitating systematic study of the structure of industries, analysis of various factors influencing industries in the country and creating a database for formulation of industrial policy.

The main objectives of the Annual Survey of Industries are briefly as follows:

(a) Estimation of the contribution of manufacturing industries as a whole and of each unit to national income.

(b) Systematic study of the structure of industry as a whole and of each type of industry and each unit.

(c) Casual analysis of the various factors influencing industry in the country: and

(d) Provision of comprehensive, factual and systematic basis for the formulation of policy.

The Annual Survey of Industries (ASI) is the principal source of industrial statistics in India. It provides statistical information to assess changes in the growth, composition and structure of organised manufacturing sector comprising activities related to manufacturing processes, repair services, gas and water supply and cold storage. The Survey is conducted annually under the statutory provisions of the Collection of Statistics Act 1953, and the Rules framed there-under in 1959, except in the State of Jammu & Kashmir where it is conducted under the State Collection of Statistics Act, 1961 and the rules framed there-under in 1964.

Geographic coverage

The ASI is the principal source of industrial statistics in India and extends to the entire country except Arunachal Pradesh, Mizoram & Sikkim and the Union Territory of Lakshadweep. It covers all factories registered under Sections 2m(i) and 2m(ii) of the Factories Act, 1948.

Analysis unit

The primary unit of enumeration in the survey is a factory in the case of manufacturing industries, a workshop in the case of repair services, an undertaking or a licensee in the case of electricity, gas & water supply undertakings and an establishment in the case of bidi & cigar industries. The owner of two or more establishments located in the same State and pertaining to the same industry group and belonging to census scheme is, however, permitted to furnish a single consolidated return. Such consolidated returns are common feature in the case of bidi and cigar establishments, electricity and certain public sector undertakings.

Universe

The survey cover factories registered under the Factory Act 1948.

Establishments under the control of the Defence Ministry,oil storage and distribution units, restaurants and cafes and technical training institutions not producing anything for sale or exchange were kept outside the coverage of the ASI.

Kind of data

Sample survey data [ssd]

Sampling procedure

Sampling Procedure

The sampling design followed in ASI 1998-99 is a Circular Systematic one. All the factories in the updated frame (universe) are divided into two sectors, viz., Census and Sample.

Census Sector: Census Sector is defined as follows:

a) All the complete enumeration States namely, Manipur, Meghalaya, Nagaland, Tripura and Andaman & Nicobar Islands. b) For the rest of the States/ UT's., (i) units having 200 or more workers, and (ii) all factories covered under Joint Returns.

Rest of the factories found in the frame constituted Sample sector on which sampling was done. Factories under Biri & Cigar sector were not considered uniformly under census sector. Factories under this sector were treated for inclusion in census sector as per definition above (i.e., more than 200 workers and/or joint returns). After identifying Census sector factories, rest of the factories were arranged in ascending order of States, NIC-98 (4 digit), number of workers and district and properly numbered. The Sampling was taken within each stratum (State X Sector X 4-digit NIC) with a minimum of 8 samples in each stratum in the form of 2 sub-samples. For the first time, all electricity undertakings other than captive units, Government Departmental undertakings such as Railway Workshops, P & T workshops etc. were kept out of coverage of ASI.

Sampling deviation

There was no deviation from sample design in ASI 1998-99.

Mode of data collection

Face-to-face [f2f]

Cleaning operations

Pre-data entry scrutiny was carried out on the schedules for inter and intra block consistency checks. Such editing was mostly manual, although some editing was automatic. But, for major inconsistencies, the schedules were referred back to NSSO (FOD) for clarifications/modifications.

The final unit level data of ASI 98-99 is available now in electronic media. This document describes additional information regarding ASI 98-99 data from the point of data processing. Users of ASI 98-99 data are requested to read this document carefully before they attempt to process the unit level data for their own purpose. They are also requested to refer to the schedule and the instruction manual for filling up the schedule before interpreting contents of various data fields. A. Contents The CD (or any other media) should contain the following files: ASI99.TXT This file contains unit level detail data of ASI 98-99 as per structure given in ANNEXURE- Total no. of records: 104740 XASI98.TXT (Metadata created from this .TXT file) This file contains unit level detail data of ASI 97-98 for those factories which were found not responding during the survey of ASI 98-99. The record layout is already available with the Computer Centre, New Delhi. Record Length: 135 Total no. of records: 6974 README.DOC This file.

B. Tabulation procedure The tabulation procedure by CSO(ISW) includes both the ASI 98-99 data and the extracted data from ASI 97-98 for all tabulation purpose. To make results comparable, users are requested to follow the same procedure. For calculation of various parameters, users are requested to refer instruction manual/report for the respective years. Please note that a separate inflation factor (Multiplier) is available for each factory against records belonging to Block-A ,pos:38-46 (Please refer ANNEXURE-I) for ASI 98-99 data. Since the data extracted from ASI 97-98 belong to Census Sector no such inflation (Multiplier) factor is required. Industry code as per Return(5-digit level of NIC-98) Industry code as reported by the factories in Block-A, Item 1 has been further codified because of the following two policies practiced at CSO(ISW). Tabulation policy: As per the latest tabulation policy, it has been decided to publish detail information regarding factories belonging to 01 to 37 of industry codes( 2-digit, NIC-98). Factories belonging to other industry groups would be clubbed together and to be published under 'Others'. Accordingly all industry codes other than 01 to 37 were replaced with a 5-digited code 'YYYYY'. Merging and suppression of identity: To suppress the identity of factories, less frequent industry codes were modified accordingly. Example: if a reported industry code is found as 2930Z, this is to be treated as 'other merged industry code under industry group 2930 (4-digit NIC'98)'. Similarly if the reported industry code is found as 293ZZ, the same as to be treated as 'other merged industry code under industry group 293 (3-digit NIC'98)' and so on.

FIXED ASSETS (Block-C) Columnwise relationship (please refer schedule) may not hold true for data in this block. This is because of the lack of information available from the factory owners. E. EMPLOYMENT AND LABOUR COST (Block-E) It has been found that a larger number of factory owners were unable to provide detailed break-up of information regarding provident fund (Block-E, Col.7). Instead they provide total provident fund as a whole for all employees (Block-E, Srl. No. 7, Col.7). Users are requested to use Srl.9, Col.7 for information on provident fund. The total of srl.6 to 8 for Col.7 may not tally with srl.9, col.7. F. ASICC codes in Block H, I & J Because of the proximity of various item's description, it is possible that same ASICC code may appear against multiple records in these blocks. They should not be treated as duplicates. They are clubbed together at the time of tabulation to provide information at ASICC level. G. Record Identification Key Record identification key for each factory is Despatch Serial No. (DSL, pos: 4-8) X Block code (Blk, pos: 3). Please refer ANNEXURE-I for item level identification key for each factory.

Sampling error estimates

Relative Standard Error (RSE) is calculated in terms of worker, wages to worker and GVA using the formula (Pl ease refer to Estimation Procedure document in external resources). Programs developed in Visual Faxpro are used to compute the RSE of estimates.

Data appraisal

To check for consistency and reliability of data the same are compared with the NIC-2digit level growth rate at all India Index of Production (IIP) and the growth rates obtained from the National Accounts Statistics at current and constant prices for the registered manufacturing sector.

India White Oil Market size is valued at USD 110.91 Million in 2023 and is anticipated to reach USD 161.52 Million by 2031, growing at a CAGR of 4.8% from 2024 to 2031.

Key Market Drivers:
Growing Demand in Cosmetics: The cosmetics and personal care industry is expanding rapidly, with an expected market growth rate of 8-10% annually. White oil is widely used in products like moisturizers and makeup removers, driving its demand in this sector.

Expanding Pharmaceutical Industry: The Indian pharmaceutical sector is projected to grow significantly, with an expected market size of USD 130 Billion by 2030. White oil’s applications in creams, ointments, and laxatives make it essential for pharmaceutical manufacturing.

Increased Production Capacities: Major pharmaceutical companies are continuously increasing their production capabilities, which is anticipated to boost the demand for white oil as a key ingredient in various formulations.
Versatility Across Industries: White oil’s versatility allows its use in multiple applications beyond cosmetics and pharmaceuticals, including food processing and plastics. This broad applicability supports sustained demand across various sectors.

Abstract

The Annual Survey of Industries (ASI) is the principal source of industrial statistics in India. It provides statistical information to assess changes in the growth, composition and structure of organised manufacturing sector comprising activities related to manufacturing processes, repair services, gas and water supply and cold storage. Industrial sector occupies an important position in the State economy and has a pivotal role to play in the rapid and balanced economic development. The Survey is conducted annually under the statutory provisions of the Collection of Statistics Act 1953, and the Rules framed there-under in 1959, except in the State of Jammu & Kashmir where it is conducted under the State Collection of Statistics Act, 1961 and the rules framed there-under in 1964.

Geographic coverage

Coverage of the Annual Survey of Industries extends to the entire Factory Sector, comprising industrial units (called factories) registered under section 2(m)(i) and 2(m)(ii) of the Factories Act.1948, wherein a "Factory", which is the primary statistical unit of enumeration for the ASI is defined as:- "Any premises" including the precincts thereof:- (i) wherein ten or more workers are working or were working on any day of the preceding twelve months, and in any part of which a manufacturing process is being carried on with the aid of power or is ordinarily so carried on, or (ii) wherein twenty or more workers are working or were working on any day of the preceding twelve months, and in any part of which a manufacturing process is being carried on without the aid of power. In addition to section 2(m)(i) & 2(m)(ii) of the Factories Act, 1948, electricity units registered with the Central Electricity Authority and Bidi & Cigar units, registered under the Bidi & Cigar Workers (Conditions of Employment) Act,1966 are also covered in ASI.

Analysis unit

The primary unit of enumeration in the survey is a factory in the case of manufacturing industries, a workshop in the case of repair services, an undertaking or a licensee in the case of electricity, gas & water supply undertakings and an establishment in the case of bidi & cigar industries. The owner of two or more establishments located in the same State and pertaining to the same industry group and belonging to same scheme (census or sample) is, however, permitted to furnish a single consolidated return. Such consolidated returns are common feature in the case of bidi and cigar establishments, electricity and certain public sector undertakings.

Universe

The survey cover factories registered under the Factory Act 1948. Establishments under the control of the Defence Ministry,oil storage and distribution units, restaurants and cafes and technical training institutions not producing anything for sale or exchange were kept outside the coverage of the ASI.

Kind of data

Sample survey data [ssd]

Sampling procedure

All the factories in the updated frame (universe) are divided into two sectors, viz., Census and Sample.

Census Sector: Census Sector is defined as follows:

a) All industrial units belonging to the 12 less industrially developed states/ UT's viz. Goa, Himachal Pradesh, J & K, Manipur, Meghalaya, Nagaland, Tripura, Andaman & Nicobar Islands, Chandigarh, Dadra & Nagar Haveli, Daman & diu and Pondicherry were completely enumerated every year along with census units.

b) For the rest of the states/ UT's., (i) units having 50 or more workers and using power or 100 or more workers without using power and all electricity undertakings. (ii) all the industry groups for which the total number of units did not exceed 50 at all-India level

c) Remaining units, excluding those of Census Sector, called the sample sector, was covered in two consecutive years (50% samples in alternate years). The sampling strategy was stratified uni-stage with State X NIC 3 digit as stratum. The strata were formed by grouping factories within each State/UT by the industry group at the ultimate digit level of NIC. Thus in each state, each indutry group constitutes a stratum. Within each stratum the districts were first arranged in ascending order of district codes and within each district the factories were then listed in descending order of their employment size. The factories within each stratum having been arranged in the above manner were allotted a running serial number. Factories with odd serial numbers were surveyd in the first year and those with even numbers in the second year of a cycle of two years.

The sampling strategy was stratified unistage with state X NIC 3 digit as stratum.

Sampling deviation

There was no deviation from sample design in ASI 1974-75

Mode of data collection

Face-to-face [f2f]

Research instrument

Annual Survey of Industries 1978-79 Questionnaire is divided into different blocks : (However only Summarised data is available for processing and analysis). Therefore, there is only one merged data file for ASI Summary 1978-79. Record Layout of the merged file is provided.

Cleaning operations

Pre-data entry scrutiny was carried out on the schedules for inter and intra block consistency checks. Such editing was mostly manual, although some editing was automatic. But, for major inconsistencies, the schedules were referred back to NSSO (FOD) for clarifications/modifications.

Code list, State code list and NIC 70 code list may be refered in the External Resources which are used for editing and data processing as well..

Sampling error estimates

Relative Standard Error (RSE) is calculated in terms of worker, wages to worker and GVA using the formula.

Data appraisal

To check for consistency and reliability of data the same are compared with the NIC-2 digit level growth rate at all India Index of Production (IIP) and the growth rates obtained from the National Accounts Statistics at current and constant prices for the registered manufacturing sector.

India Foreign Direct Investment: Inflow: USD: Services Sector: Commodity Exchange data was reported at 1.180 USD mn in Jun 2014. This records an increase from the previous number of 0.050 USD mn for Jun 2013. India Foreign Direct Investment: Inflow: USD: Services Sector: Commodity Exchange data is updated quarterly, averaging 0.380 USD mn from Dec 2012 (Median) to Jun 2014, with 3 observations. The data reached an all-time high of 1.180 USD mn in Jun 2014 and a record low of 0.050 USD mn in Jun 2013. India Foreign Direct Investment: Inflow: USD: Services Sector: Commodity Exchange data remains active status in CEIC and is reported by Department of Industrial Policy and Promotion. The data is categorized under India Premium Database’s Investment – Table IN.OA007: Foreign Direct Investment Inflow: by Industry: USD.

The Industry Report Covers India's Private Equity Companies and is segmented on the basis of investment type, which includes real estate, private investment in public equity (PIPE), buyouts, and exits.

The contribution of the industrial sector has been in a constant decline since financial year 2012, from 32.5 percent to 25.8 percent in financial year 2021. The decline in share is across the board except for the electricity sector, whose share has increased from 2.3 percent in financial year 2012 to 2.7 percent in financial year 2021.

India Manufacturing Industries: Value Of Output data was reported at 119,271,514.700 INR mn in 2022. This records an increase from the previous number of 88,092,138.700 INR mn for 2021. India Manufacturing Industries: Value Of Output data is updated yearly, averaging 9,624,566.300 INR mn from Mar 1982 (Median) to 2022, with 41 observations. The data reached an all-time high of 119,271,514.700 INR mn in 2022 and a record low of 736,304.600 INR mn in 1982. India Manufacturing Industries: Value Of Output data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under India Premium Database’s Mining and Manufacturing Sector – Table IN.BAC001: Manufacturing Industry: NIC 2008: All Industries.

Community, personal and social services accounted for the highest share, at 45 percent, in terms of industry sectors among registered foreign companies across Indian during November 2023 and January 2024. About 5,157 foreign companies were registered during the measure time period.

India DIPP: IPI: 1993-94=100: Basic Metal and Alloy Industries: C.I. Castings data was reported at 311.420 1993-1994=100 in Mar 2011. This records an increase from the previous number of 291.970 1993-1994=100 for Feb 2011. India DIPP: IPI: 1993-94=100: Basic Metal and Alloy Industries: C.I. Castings data is updated monthly, averaging 235.940 1993-1994=100 from Apr 2004 (Median) to Mar 2011, with 84 observations. The data reached an all-time high of 312.570 1993-1994=100 in Dec 2010 and a record low of 145.370 1993-1994=100 in Mar 2005. India DIPP: IPI: 1993-94=100: Basic Metal and Alloy Industries: C.I. Castings data remains active status in CEIC and is reported by Ministry of Commerce and Industry. The data is categorized under India Premium Database’s Mining and Manufacturing Sector – Table IN.BAA016: Industrial Production Index: 1993-94=100: Department of Industrial Policy and Promotion. Rebased from 1993-1994 base to 2004-2005 base. Replacement series ID: 285480402

The Indian roofing market, valued at approximately $7.59 billion in 2025, is projected to experience robust growth, driven by a burgeoning construction sector, rapid urbanization, and increasing disposable incomes. The 6.50% CAGR indicates a significant expansion over the forecast period (2025-2033). Key market drivers include the ongoing infrastructure development projects, particularly in residential and commercial segments, a rising demand for durable and aesthetically pleasing roofing solutions, and government initiatives promoting affordable housing. The market is segmented by sector (commercial, residential, industrial), material (bituminous, tiles, metal, other), and roofing type (flat, slope), each exhibiting varying growth trajectories. While the residential sector is expected to dominate, driven by a burgeoning middle class, the commercial and industrial sectors are witnessing significant expansion due to large-scale infrastructural investment and industrial growth. Growth is further fueled by the introduction of innovative roofing materials offering enhanced durability, energy efficiency, and aesthetic appeal, including advanced metal roofing systems and energy-efficient tiles. However, challenges like fluctuating raw material prices and potential supply chain disruptions could pose constraints to market growth. The regional distribution of the market showcases a strong concentration within India, reflecting the nation's significant construction activities. While the provided data encompasses a global perspective, India's robust growth outlook dominates the market analysis. The presence of major players like CK Birla Group, Tata Bluescope Steel, and Everest Industries Limited signifies a competitive landscape characterized by established players and emerging innovative companies. The increasing preference for sustainable and eco-friendly roofing solutions presents an opportunity for manufacturers to focus on developing and promoting environmentally responsible products. Future market dynamics will hinge on government policies, economic growth, and the evolving needs of the construction industry. This comprehensive report provides a detailed analysis of the burgeoning roofing industry in India, covering the period from 2019 to 2033. With a focus on market size, growth drivers, and competitive dynamics, this study offers invaluable insights for investors, industry players, and policymakers. The report uses 2025 as its base year, with estimations for 2025 and forecasts extending to 2033, leveraging historical data from 2019-2024. Key segments explored include residential construction, commercial construction, industrial construction, and materials such as bituminous, tiles, metal, and other materials. Roofing types such as flat roofs and slope roofs are also analyzed in detail. Key drivers for this market are: Increasing Disposable Income and Middle-Class Expansion, Increased Awareness of Roofing Solutions. Potential restraints include: The presence of counterfeit or substandard roofing materials in the market poses a significant challenge, The roofing industry faces a shortage of skilled labor. Notable trends are: Increasing Construction Activities to Bolster the Growth of the Roofing Industry in India.

The India Product Lifecycle Management (PLM) market is experiencing robust growth, projected to reach $390.85 million in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 11.48% from 2025 to 2033. This expansion is fueled by increasing digitalization across various sectors, particularly in automotive, engineering, and high-tech industries. Companies are adopting PLM solutions to streamline product development processes, enhance collaboration, improve data management, and accelerate time-to-market. The rising adoption of Industry 4.0 technologies, including IoT and AI, further fuels this growth, enabling smarter product design and manufacturing. Key segments driving market expansion include software solutions, services, and the automotive and ancillary industries, which are witnessing substantial investments in advanced manufacturing and digital transformation initiatives. The presence of established global players like Siemens, Ansys, and Dassault Systèmes, alongside domestic players like Tata Technologies and HCL Technologies, indicates a competitive and dynamic market landscape. While data privacy concerns and the need for skilled professionals could present challenges, the overall market outlook for PLM in India remains positive, driven by the country's burgeoning manufacturing sector and government initiatives promoting digitalization. The competitive landscape is characterized by a mix of global and domestic players, each offering a range of solutions tailored to specific industry needs. This competition fosters innovation and drives down costs, making PLM solutions more accessible to a wider range of businesses in India. The market is segmented by component (software, services), and end-user industry, allowing for targeted solutions based on the specific needs and capabilities of each sector. Future growth will likely be driven by increasing adoption of cloud-based PLM solutions, offering scalability and cost-effectiveness. Furthermore, the integration of PLM with other technologies, like Artificial Intelligence (AI) and Machine Learning (ML), will lead to more efficient and data-driven product development processes. This trend will further propel the market toward sustained and rapid growth throughout the forecast period. This report provides a detailed analysis of the burgeoning India PLM (Product Lifecycle Management) industry, covering the period 2019-2033. With a base year of 2025 and an estimated year of 2025, this in-depth study forecasts market trends until 2033, leveraging data from the historical period of 2019-2024. The report examines key market segments, competitive landscapes, and growth drivers, offering invaluable insights for industry stakeholders. This analysis focuses on PLM software, PLM services, and their adoption across diverse end-user industries in India, including the automotive, aerospace & defense, and high-tech & electronics sectors. The market size is evaluated in millions of units. Recent developments include: May 2022 - Siemens announced the expansion of its state-of-the-art Siemens PLM software global R&D Center in Pune. The center acts as the Asia-Pacific infrastructure hub focused on cutting-edge software product development., April 2022 - BWC Labs, a digital transformation consulting and solution services company in Pune, signed a value-added reseller (VAR) agreement with Dassault Systemes, aligned on the reach and potential of virtual twin technology. BrainWave and Dassault Systemes will jointly offer Virtual Twin experiences for the manufacturing sector in India., April 2022 - PTC announced an agreement with ITC Infotech to accelerate customer digital transformation initiatives, focused on adopting PTC's industry-leading Windchill product lifecycle management (PLM) software as a service (SaaS). ITC Infotech will acquire a portion of PTC's PLM implementation services business and create a new business unit of ITC Infotech, called DxP Services, that will combine PLM professional services experts from both companies. Together, the two companies will work to deliver 'in-flight' Windchill implementation services for a broad set of existing PTC customers while also enabling a growing number of customers to move from their existing, sometimes highly-customized on-premises implementation of Windchill to next-generation, best-practice SaaS.. Key drivers for this market are: Increasing Need For Higher Efficiency, Productivity And Meeting The Changing Demands, Research And Development Activities From SMBs To Develop Smart Products. Potential restraints include: Increasing Complexity Coupled with High Initial Costs and Maintenance Costs. Notable trends are: Research and Development Activities From SMBs to Develop Smart Products to Drive the Market.

The India EPC Industry size was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, exhibiting a CAGR of 3.00">> 3.00 % during the forecasts periods.The Engineering, Procurement, and Construction (EPC) sector in India is a critical player in the nation's infrastructure advancement and industrial expansion. EPC firms offer a wide range of services covering the entire project lifecycle, from engineering design to material procurement and construction management. This industry is essential for the successful execution of large-scale projects in various sectors like power generation, oil and gas, infrastructure, and industrial facilities. Several factors are propelling the growth of the Indian EPC industry. Factors such as rapid urbanization, rising industrial activities, and significant investments in infrastructure projects like highways, railways, and airports are driving the demand for EPC services. The government's emphasis on improving infrastructure to boost economic growth and attract foreign investments is also contributing to the industry's growth. Furthermore, India's shift towards renewable energy sources like solar and wind power is creating new opportunities for EPC companies to participate in energy projects. The EPC landscape is undergoing a transformation due to technological advancements and digitalization. Innovations like Building Information Modeling (BIM) and project management software are enhancing efficiency and reducing costs. Despite challenges such as regulatory obstacles, project delays, and disruptions in the supply chain, the Indian EPC industry is projected to continue expanding. This growth will be fueled by ongoing infrastructure development and increased investments in both traditional and emerging sectors. Key drivers for this market are: 4., Increase in Prices of Electricity Procured from Conventional Mechanisms 4.; Decline in Cost of Solar Energy Infrastructure. Potential restraints include: 4., Competition from Other Alternative Energy Sources. Notable trends are: Conventional Thermal Segment Expected to Dominate the Market.

The Hospitality Market in India is Experiencing Growth Due To the Country's Rich Culture and Diversity, Attracting Global Guests. The Service Sector, Known for Spiritual Tourism, Has Seen A Rise in Domestic Travel, Driven by A Growing Middle Class and Increased Disposable Income. Innovations in Accommodation Like Airbnb and Oyo Rooms Offer Cost-Effective Stays, While the Government Develops Ports As Cruise Tourism Hubs, Providing Hotel Services, Retail, and Restaurants. The Hotel Industry is Expanding With New Projects From International Chains, Driven by Increased Travel and Government Efforts To Boost Tourism.