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Industry Detail

  • Consumer service
  • Pharmaceutical and healthcare
  • Telecommunication & Chip Design
  • Technology & Information
  • Banking & Financial Services
  • Consulting & Digital
  • Automobile & Heavy Engineering
  • Industrial Associations & Social Impact
  • Packaging, Paper & Pulp
  • FMCG, FOOD & Beverage

Consumer service

The consumer services industry that has historically evolved from the needs of the end consumers, is today at the threshold of witnessing unprecedented growth. Rising average income levels, growing disposable incomes, unprecedented growth of the new middle class, ever changing technologies and changing lifestyles are contributing the addition of new and innovative consumer services.

India is expected to emerge as the world’s largest consumer market with aggregate spending of $13 trillion by 2030, surpassing the likes of China and the US, according to a Deloitte report. A big chunk of this spending will happen through the rapidly growing consumer services industry. Thus, within the Services sector, consumer services industry has begun to emerge as the sunrise industry for investors and entrepreneurs.

Pharmaceutical and healthcare

India has the most number of pharmaceutical manufacturing facilities that are in compliance with the US Food and Drug Administration (USFDA) and has 500 API producers that make for around 8% of the worldwide API market.

Indian pharmaceutical sector supplies over 50% of global demand for various vaccines, 40% of generic demand in the US and 25% of all medicine in the UK. The domestic pharmaceutical industry includes a network of 3,000 drug companies and ~10,500 manufacturing units. India enjoys an important position in the global pharmaceuticals sector. The country also has a large pool of scientists and engineers with a potential to steer the industry ahead to greater heights.

Telecommunication & Chip Design

The Telecommunications industry is divided into following subsectors: Infrastructure, Equipment, Mobile Virtual Network Operators (MNVO), White Space Spectrum, 5G, Telephone service providers and Broadband.

Over the last seven years, the Indian Telecom Tower industry has grown significantly by 65%. The number of mobile towers increased from 400,000 in 2014 to 660,000 in 2021. Similarly, the number of Mobile Base Transceiver Stations have grown rapidly by 187% and increased from 800,000 in 2014 to 2.3 Mn in 2021. Rural tele-density jumps from 44% in March 2014 to 58% in October 2022.

India is expected to have a digital economy of $1 Tn by 2025.

Technology & Information

The 21st century is earmarked as Information Technology driven and India is at the Centre of global attraction and considered as a knowledge powerhouse. The IT industry covers IT services, IT-enabled services (ITES), e-commerce (online business), Software and Hardware products. IT based services are indispensable for any organization to increase productivity, ease of doing business, and grow efficiently and economically in this competitive world. Information Technology not only contributed to the economic growth of the country but it has also made governance more competent and approachable. It has made access to government services and information easier and inexpensive. Information technology has also made management and delivery of government services – such as health services, Educational information, consumer rights and services etc. more meritorious with enhancing transparency. The IT industry is the backbone for our economy to prosper exponentially and to generate millions of jobs. Growth in the IT sector will push us to grow at par with China in every sector and will help in grabbing the global market. This will improve the socio-economic status of Indians.

Banking & Financial Services

In Banking & Fintech space we organise Banking Baithak, B2B meets with Banks & Prospective customers & Banking Summit at Kolkata & Mumbai. Many of the banks are our members & we create customized programmes as per their requirements.

Consulting & Digital

What are the top consulting firms in India for Digital services? The top Digital consulting firms in India list presents the country’s leading consultancy firms specialised in Digital, based on our unique database of more than 1 million data points spanning insights from clients and consultants.

Capabilities are assessed on the breadth of depth of Digital offerings, advisory and implementation expertise in Digital, the track record of consulting projects delivered in the area of Digital and the quality of thought leadership.

Automobile & Heavy Engineering

"Tusthi" work within the Automotive & Engineering sector is configured to meet leadership demands in various areas including Passenger/Commercial Vehicles, Automotive Components, Engineering Components, etc.

Tusthi brings to the Automotive sector dedicated expertise in executive search and talent management to secure Leaders For What’s Next – the professionals critical to ensuring that transformative product concepts meet current and future purchasing expectations and gain optimal access to market.

Industrial Associations & Social Impact

Indian industries play a crucial role in the country's economic development and social impactIndustrial associations in India are important bodies that bring together industries in specific sectors or regions to represent their interests and promote collaboration among members. These associations also work towards enhancing the competitiveness of their members and addressing common challenges faced by the industry.
Industrial associations in India have played a significant role in driving social impact through various initiatives such as skill development programs, environmental sustainability, and corporate social responsibility (CSR) activities. Many industrial associations in India have established CSR foundations to support social development projects in the areas of education, healthcare, sanitation, and rural development.

Social impact industries in India refer to businesses or organizations that are focused on creating a positive social or environmental impact alongside financial sustainability. These industries are driven by a mission to address social challenges and make a meaningful difference in society.
Some of the social impact industries in India include:

1. Renewable energy: This industry focuses on generating clean and renewable energy to reduce India's dependence on fossil fuels and address the challenges of climate change.
2. Healthcare: The healthcare industry in India is focused on providing access to affordable and quality healthcare services to underserved communities.
3. Education: This industry is focused on providing access to education and improving the quality of education in India, particularly in rural and low-income communities.
4. Agriculture: The agriculture industry in India is focused on promoting sustainable and inclusive agriculture practices that support small farmers, improve food security, and address environmental challenges.
5. Water and sanitation: This industry is focused on providing access to clean water and sanitation facilities to underserved communities, particularly in rural areas.
6. Financial inclusion: The financial inclusion industry in India is focused on providing access to financial services and products to underserved communities, including low-income households and small businesses.

Packaging, Paper & Pulp

Packaging is an essential component of almost every product. A product's packaging acts as an ‘eye catcher’, allowing it to stand out from competing goods in today’s market environment, which faces stiff competition, and therefore, an edge is required for the product to outshine its rival. Packaging is also instrumental in conveying the product’s message to consumers and helps in establishing the visual appeal of a brand; hence, marketers view product packaging as the best possible opportunity to attract consumers to their product. Moreover, the product’s packaging is designed to capitalise on the impulse shopping behaviour, especially in large super market chains that account for a significant proportion of purchases made by an average consumer. The main functions of packaging besides marketing is to transmit information, protect the product, provide convenience and add security. Paper and paper products are a major source of materials used to package goods. 

FMCG, FOOD & Beverage

FMCG (Fast-Moving Consumer Goods), Food and Beverage industries are crucial sectors of the Indian economy. These industries are responsible for producing and distributing goods that are consumed daily by people in India and around the world.

The FMCG industry in India is expected to grow at a CAGR of 10% and reach a market size of USD 104 billion by 2025. The sector is highly competitive and includes companies like Hindustan Unilever, Procter & Gamble, Nestle, and Colgate-Palmolive.

The Food and Beverage industry in India is also witnessing significant growth and is expected to reach USD 1.3 trillion by 2025. The sector is highly fragmented and includes various segments like dairy, bakery, confectionery, packaged food, and beverages. Major players in this sector include Coca-Cola, PepsiCo, Nestle, and Britannia.

The Indian government has been taking several measures to promote these industries, including improving infrastructure, providing subsidies, and implementing policies to attract foreign investment. Additionally, the rising middle class, increasing urbanization, and changing lifestyle preferences are driving the growth of these industries in India.