Growing sectors of economy

Upcoming sectors of growth 

Subsector	Growth Reason (Detailed)	Sub-components of Sub-sector (Dependent Company Types)	CAGR Prediction (%)
Electric Vehicles (EVs)	Government incentives, reduction in fossil fuel dependency, environmental concerns, rapid EV adoption	EV manufacturers, battery producers, charging infrastructure providers, smart mobility startups	30
Fintech	Increase in digital transactions, rise in digital financial services, growing fintech startups	Digital wallets, online payment processors, neo-banks, lending platforms, insurance tech	25
E-commerce	Rising demand from tier-2 and tier-3 cities, improved logistics, mobile-first consumers	E-commerce platforms, logistics companies, payment gateways, digital marketing firms	25
Electric Batteries	Increased demand for batteries in EVs, renewable energy storage, declining battery costs	Battery manufacturers, energy storage companies, EV component suppliers, recycling companies	25
Renewable Energy	Government policies supporting green energy, corporate investments in climate-friendly initiatives	Solar panel manufacturers, wind turbine companies, energy storage solution providers	25
Digital Entertainment	Growth of streaming platforms, increasing demand for digital content, rise in internet penetration	Streaming platforms, digital content creators, OTT platforms, media production firms	22
Electric Mobility Ecosystem	EV infrastructure development, battery swapping solutions, integration of renewable energy	EV charging station providers, battery swapping solution providers, EV software developers	20
Artificial Intelligence (AI)	Automation of processes, increasing use of AI in decision making across industries	AI solution providers, automation software companies, machine learning platforms	20
Cloud Computing	Migration to cloud, cost-efficiency, increasing data storage requirements	Cloud service providers, data center operators, cloud security companies, SaaS providers	20
EdTech	Remote learning, increasing use of digital tools in education, need for upskilling	Ed-tech startups, online learning platforms, digital content creators, skill development firms	20
Health-Tech	Increasing demand for telemedicine, digital health records, rising healthcare needs post-pandemic	Telemedicine platforms, digital healthcare startups, medical devices companies, wearable health tech	20
Green Hydrogen	Government push towards decarbonization, clean hydrogen projects, investments in green energy	Green hydrogen producers, renewable energy companies, clean energy tech firms	20
Drone Technology	Increased demand for drone technology across industries like agriculture, delivery, and surveillance	Drone manufacturers, drone service providers (agriculture, logistics, surveillance), drone software companies	18
Waste Management & Recycling	Rising focus on sustainability, recycling initiatives, circular economy focus, waste reduction policies	Recycling companies, waste management service providers, sustainability-focused tech firms	18
Consumer Electronics	Demand for connected home devices, rise in disposable income, smart home technology adoption	Smart appliance manufacturers, wearable technology companies, consumer electronics startups	15
Cybersecurity	Growing cyber-attacks, increased digital infrastructure, regulatory push for data security	Cybersecurity firms, data protection companies, IT security solution providers	15
Agri-Tech	Technological advancements in precision farming, IoT-based smart agriculture tools	Agri-tech companies, smart farming tool manufacturers, IoT-based agriculture service providers	15
Specialty Chemicals	Shift from China to India for chemical supply, demand from industries like pharma and textiles	Specialty chemical manufacturers, industrial chemical suppliers, pharma raw material suppliers	15
Smart Grids	Need for efficient energy distribution, smart cities initiatives, grid modernization	Smart grid solution providers, energy distribution companies, smart city infrastructure companies	15
Pharmaceuticals & Biotechnology	Rising demand for vaccines, generics, global focus on healthcare post-pandemic	Pharma manufacturers, vaccine producers, biotech startups, pharmaceutical raw material suppliers	12