Pharmaceuticals

The Indian pharmaceutical industry, valued at US$50 billion in FY 2023-24, is projected to reach US$130 billion by 2030, positioning India as the "pharmacy of the world." As the 3rd largest producer globally,

Textiles

India's textile industry employs over 45 million people directly and contributes 2.3% to GDP, 13% to industrial production, and 12% to total exports. MSMEs dominate the sector, accounting for nearly 80% of textile capacity, especially in handlooms, powerlooms, and garment manufacturing. The sector exported textiles worth US$34.4 billion in 2023-24, with India ranking as the 6th largest global textile exporter.

Auto Components

India's auto component industry contributes 2.3% to GDP and directly employs over 1.5 million people. The sector's turnover reached Rs. 6.14 lakh crore (US$74.1 billion) in FY24, with domestic OEM supplies comprising 54% and exports accounting for 18%. MSMEs are crucial in forging, casting, machining, and aftermarket parts, supporting India's comprehensive automotive manufacturing ecosystem.

IT & ITeS

India's IT & ITeS sector contributes approximately 8% to GDP and employs 5.4 million professionals as of March 2023. The industry generated $253.9 billion in revenue in FY24, with domestic revenue at $51 billion and exports reaching $194 billion. MSMEs drive innovation in cloud computing, artificial intelligence, cybersecurity services, and comprehensive digital transformation solutions for global clients across multiple industries.

Healthcare

India's healthcare sector ranks among the fastest-growing globally, driven by rising demand for affordable, quality care. MSMEs dominate diagnostics services, private hospitals, medical equipment manufacturing, and rapidly expanding telemedicine services. The telemedicine market is valued at USD 3.64 billion in 2025, projected to reach USD 10.58 billion by 2030 with impressive 23.8% CAGR growth.

Leather Goods

India stands as the second-largest exporter of leather garments globally and fourth-largest exporter of leather goods worldwide. The sector employs approximately 4.42 million people, with women comprising about 30% of the workforce, particularly in leather products manufacturing. India possesses abundant raw materials with 20% of world cattle & buffalo populations and 11% of world goat & sheep populations.

Gems & Jewellery

India contributes significantly to global gems and jewellery trade, ranking 6th globally with 4.3% share of world exports. The sector contributes approximately 7% to GDP and employs over 5 million workers nationwide. India holds commanding 26.5% share in cut and polished diamonds (ranked 1st globally) and impressive 29.8% share in silver jewellery exports (also ranked 1st globally).

Engineering

The engineering sector forms the fundamental backbone of India's manufacturing economy, with MSMEs contributing approximately 40% of total engineering output nationwide. They supply critical machine tools, industrial equipment, and precision components essential for infrastructure development, defense applications, and export markets. The sector demonstrates exceptional capabilities in cost-effective production and skilled manufacturing across diverse engineering disciplines.

Food Processing

India's food processing sector employs 1.7 million people directly, with MSMEs contributing over 70% of total processing units nationwide. The sector supports agriculture's crucial transition to value-addition and significantly improves farmer incomes through enhanced supply chain development. India's exceptionally diverse agricultural base provides abundant raw materials for traditional processed foods and modern packaged food products.

Nutraceuticals

India's nutraceuticals market is expanding rapidly with growing health awareness and preventive healthcare trends. MSMEs contribute significantly to dietary supplements, traditional herbal products, and functional foods, effectively leveraging Ayurveda and traditional knowledge systems. The sector benefits substantially from India's exceptional biodiversity and rich heritage in natural medicine and traditional healing practices.

Telecom

India operates the world's second-largest telecommunications network, serving 1.2 billion subscribers nationwide. MSMEs play crucial roles in equipment manufacturing, fiber optic deployment, and tower maintenance supporting comprehensive nationwide connectivity infrastructure. The sector drives digital inclusion through expanding rural coverage and telecommunications infrastructure development across remote areas.

Tourism

Tourism contributes 4-6% to India's GDP and creates 40-60 million jobs across the economy. MSMEs dominate through hotels, travel agencies, homestays, and handicraft production, particularly concentrated in rural and heritage-rich areas. The sector effectively leverages India's exceptional cultural diversity, spiritual tourism appeal, and diverse natural landscapes spanning mountains, beaches, and deserts.

Fintech

India hosts over 9,000 FinTech companies, ranking as the third-largest global FinTech ecosystem by company count. The sector processes over 100 billion digital transactions annually, establishing India as the largest real-time payment market globally. MSMEs drive innovation in digital payments, alternative lending platforms, and comprehensive wealth management solutions.

Digital Services

India's digital services sector spans e-commerce platforms, digital marketing services, SaaS applications, and comprehensive online services, with MSMEs leading innovation across multiple domains. The sector benefits from widespread low-cost internet access, tech-savvy population demographics, and thriving entrepreneurial culture. MSMEs create substantial employment opportunities and expand business opportunities nationwide.

Clean Energy

India ranks 4th globally in renewable energy capacity and 3rd in solar power capacity installations. The country targets ambitious 500 GW non-fossil energy capacity by 2030. MSMEs contribute significantly to solar components manufacturing, biomass energy projects, small hydro installations, and EV charging infrastructure supporting nationwide clean energy adoption.

Green Tech

Green technology focuses on sustainable innovations including comprehensive waste recycling, water management systems, and eco-friendly materials development. MSMEs develop circular economy solutions, biodegradable products, and sustainable construction materials. The sector addresses critical environmental challenges while creating substantial economic opportunities and supporting sustainable development goals.

Biotech

India ranks 12th globally and 3rd in Asia-Pacific for biotechnology, serving as the world's largest vaccine producer. The bioeconomy grew dramatically from USD 10 billion (2014) to USD 165.7 billion (2024), targeting ambitious USD 300 billion by 2030. Over 10,000 biotech startups operate currently across the country.

AgriTech transforms traditional farming through digital platforms, precision agriculture technologies, and comprehensive supply chain innovations. MSMEs lead farm-to-market linkages, drone-based agricultural services, and agri-fintech solutions significantly improving farmer incomes. The sector leverages India's extensive agricultural base and rapidly growing digital adoption across rural areas.