The rising industries in India

Posted by addurbusiness on October 20th, 2010

The recognition of India as a progressive nation in the world has open many doors of business and development in the country. The economy has shown immense growth in the last ten years. The economic growth is directly proportional to the industrial growth of a country.

The lucrative prospects of business in the country have lured many capitalists and industrialists to set up many new areas of advancement in the country.

The industries such as hotels & travel, restaurants, aviation, automobiles, real estate, banking, finance & insurance have undergone immense growth. All these industries are gradually conforming to the international standards of functioning and prompt customer services.

India is a diverse country with people belonging to different casts and creeds. Varied traditions & cultures followed, languages spoken, delicious cuisines, have always tempted the foreigners to visit and experience in the country. The tourism industry has always been profitable but has grown remarkably in the last few years. Owing to the world- class accommodations and travelling facilities provided by hotel & travel agencies has greatly influenced the industry growth.

Besides tourism, other industries have also experienced appreciable growth, such as the real estate industry is thriving in all the cities. But the leading cities of Bangalore, Delhi, Noida, Gurgaon, and Hyderabad have reported a massive growth in the realty markets. The residential and commercial growth has been tremendous in these cities.

The commercial property growth is offering many suitable office and business spaces in the cities. The strategic location of some of the commercial centers has affected the business growth to a great extent.

The banking sector is also growing and making profits with so many loan applicants, capital investors, pension schemes, mutual funds deposits etc. The multinational banks in the country are providing excellent services to the customers. The prompt banking services are achieving huge customer satisfaction.

Finance & insurance industries are bound to rise with so many arenas of investment and businesses. The concept of insuring valuables in India has risen with many types of insurance policies such as health insurance, property insurance, vehicle insurance, life insurance etc.  

Owing to the tremendous growth of the various industries, India has undoubtedly carved a niche for itself among the countries of the world.