Question

Give two examples of viable industries in India?

Answer 1

The most viable industries in countries likes ours is in manufacturing sector. According to a study by global management consulting firm McKinsey, the manufacturing sector in India could grow six-fold to US$ 1 trillion, by 2025. The reason for the same is the rising demand in the country and the aspirations of multinational companies (MNCs) to establish low-cost plants in India.
Also, service sector contributes around 57% to our GDP which shows that even service sector is viable option. So, we can say that there are various opportunities in manufacturing and service sector are viable in economy like ours.