Artificial Intelligence (AI) is poised to transform the world, with integration of intelligent machines allowing high-level cognitive processes, such as learning, thinking, perceiving, problem solving and decision making.
India has huge potential for the development of its contract manufacturing industry. Huge domestic demand finished goods from a growing population, growing investment in the manufacturing sector, initiatives such as ‘Make in India’ that aims to make India a global manufacturing hub, and rising working population are the key factors that are offering robust growth to the contract manufacturing industry in India.
The biotechnology industry is recognized as one of the key drivers for India’s economy targeting $5 Trillion by 2024. India is among the top 12 destinations for biotechnology across the globe, with approximately a 3% share in the global biotechnology industry.
As per Invest India, the Indian banking industry comprises 27 public sector banks, 21 private sector banks, 49 foreign banks, and 56 regional rural banks. Along with these, the country consists of 1,562 urban cooperative banks and 94,384 rural cooperative banks.
Blockchain is one of the powerful innovations that has an immense potential to impact the Indian economy by streamlining process, enhancing efficiency, and offering privacy protection. It has an aptitude of revolutionizing interactions among citizens, businesses, and governments, in a manner that was unfathomable a decade ago.
According to the India Brand Equity Foundation, India is anticipated to become the third-largest construction market across the globe by 2022. For this, the country will create demand for nearly $777.73 billion investment in infrastructure development by 2022.