Top 10 Indian business sectors that have also produced the most billionaires
The technology industry has taken the lead. The Indian business sector technology industry accounts for 70% of the top 10 richest people. Because of obvious reasons, it is ranked first. Technology provides us with solutions to almost any problem and has taken on the responsibility of making our lives easier. The tech industry, with new innovations every day, will undoubtedly provide the world with more billionaires in the future.
Over the last decade, India’s pharmaceutical industry has grown at an unprecedented rate. In terms of output volume, it is the third largest in the world, and in terms of value, it is the fourteenth largest. Surprisingly, Indian pharmaceutical companies supply more than half of the world’s requirements for various vaccines. The United States imports 40% of its generic medicine needs from India, while the United Kingdom imports 25% of its total medicine needs from Indian companies. India’s pharmaceutical industry has also produced 137 billionaires. Cyrus S Poonawalla is the richest of them all, with a net worth of 88,800 crores.
2.Software and Services
Software and services encompass a wide range of services and products, with Infosys, Wipro, TCS, and Tech Mahindra among the market leaders. Because of the cost competitiveness of Indian IT services, this industry segment has positioned India as a preferred investment destination among global investors. With 73 billionaires, this industry has produced the second-highest number of billionaires in the country. Azim Premji is the richest person in this domain, with a net worth of 1,17,100 crore.
One of India’s fastest-growing industry domains is fast-moving consumer goods. Personal care and household products account for half of all sales in this segment. Easy access, lifestyle changes, and growing awareness are some of the factors driving growth in this sector. The increased digital connectivity in cities and rural areas has boosted sales in this sector via e-commerce portals. With 59 billionaires, this industry sector has produced the third most billionaires in India. Nusli Wadia & Family are the richest people in the FMCG industry, with a net worth of 42,200 crores.
4.Chemicals and Petrochemicals
This industry has contributed approximately 6% of the national GDP. Reliance Industries, Indian Petrochemicals Corporation Limited (IPCL), Gas Authority of India Limited (GAIL), and Haldia Petrochemicals Limited are some prominent names in the Indian chemicals and petrochemicals sector (HPL). With a diverse product portfolio spanning multiple downstream industries, this industry sector has produced the fourth-highest number of billionaires in the country, with 57. Mukesh Ambani and Sri Prakash Lohia are two of the wealthiest people in this industry.
5.Automobiles and auto components
As one of the top global commercial vehicle manufacturing hubs, India’s automobiles and components segment are one of the largest in the world. Estimates suggest that by 2025, more than 4 million EVs will be sold each year, with the figure rising to 10 million by 2030. This industry has given birth to 45 billionaires. Rahul Bajaj & family are the richest in this sector, with a net worth of 60,700 crores.
6.Construction and engineering
The construction and engineering sectors in India have had a significant positive impact on the country’s economy. This sector employs the greatest number of people in the country, and it provides a living for more than 16 percent of the country’s working population. The sector accounts for more than 5% of the nation’s GDP. This domain has produced 45 billionaires in the country. cheval cheval cheval cheval cheval cheval cheval cheval cheval cheval cheval cheval cheval cheval cheval cheval cheval cheval cheval chevalgültig cheval
Co-operatives, commercial banks, non-banking financial companies, mutual funds, insurance firms, a variety of smaller financial entities, and pension funds comprise India’s financial services sector. Factors driving growth in this sector include the government’s increased emphasis on financial inclusion, the adoption of digital payments, and rising personal incomes. With 43 billionaires, this industry segment is the seventh-largest producer of wealthy entrepreneurs. Uday Kotak is the richest person in this industry, with a net worth of 94,100 crores.
8.Food and beverages
The food and beverages sector in India is the eighth largest industry in the country, accounting for the majority of the country’s Consumer Packaged Goods (CPG) industry. It also has the eighth-highest number of billionaire entrepreneurs in the country, with 39. Notably, this is a high-profit sector in the country that attracts a large number of entrepreneurs. Ravi Jaipuria & Family are the richest people in this domain, with a net worth of 11,500 crores.
9.Textiles, apparel, and accessories
This is one of the country’s oldest industries, with a long tradition and history. India is now one of the world’s largest producers of textiles and apparel. This industry has one of the most diverse offerings to offer. This industry domain has given birth to 36 billionaires. Harish Ahuja is the richest person in this industry domain, with a net worth of 5,900 crores.
The Indian real estate sector is divided into four sub-sectors: housing, hospitality, retail, and commercial. Notably, this is one of the most well-known industry domains in the world, as India is one of the top ten global housing markets, with prices skyrocketing. With 33 billionaires, the real estate sector in India has produced the tenth-highest number of billionaires. Jitendra Virwani is the richest person in this industry, with a net worth of 29,900 crores.