The Covid-19 pandemic has given us a new normal for many things. Be it food, education, social interaction, etc. It has introduced many changes in our lives.
It is expected that these changes will be going to impact many sectors in the future and companies which are in the particular industry.
History is a witness that whenever situations like a pandemic, war, etc. have come, after then, the economic boom has come. So, if you are planning to invest, then you might consider doing it in these sectors or industries as investing in these sectors might turn out to be a boon for you.
Covid-19 has affected this sector, but it has started improving.
The government has introduced Electric vehicles policy along with many changes which are expected to boost this sector in the future.
India is expected to be the world’s third-largest automotive sector by 2026.
Many changes have come during the pandemic and likely to come in the future in this sector.
It is expected that during 2020-2030, the Indian pharma industry will grow at a Compound Annual Growth Rate of 12%.
Travel and tourism sector:
Covid-19 has compelled us to sit home. Travel-lovers are waiting to end the pandemic and to enjoy exotic locations.
This sector is the most affected due to a pandemic, but it is expected to grow in the future.
Travel Industry’s GDP contribution is expected to be 32.05 lakh crore in 2028.
As per the Zenith media survey, India’s telecom sector is expected to grow at 11% of the annual growth rate between 2020 and 2023.
The introduction of 5G can bring more growth in the sector.
Artificial Intelligence (AI):
Artificial intelligence is one of the hottest topics in the market.
By 2023, India is expected to invest $1 billion in Artificial intelligence according to the Project Management Institute of Philadelphia.
Renewable energy sector:
Recently, in the coal sector, the Indian government has introduced many changes.
In the future, it is expected that India will focus more on renewable energy sources like solar, wind, etc.
India’s renewable energy sector is expected to attract investment of $80 billion in the upcoming four years as per the report.
In recent times, cloud kitchen has gained importance. 5000 cloud kitchens are available in India to date.
Cloud kitchen is a place where food is prepared and orders are taken via calls or online.
The Indian food processing industry is expected to reach $535 billion by 2025 as per the KPMG report.
Digital payment industry:
Due to the pandemic, people have started using more digital modes for paying money.
As per the report, 71.7% of transactions in India will be done online in 2025.
The government of India has planned to invest 102 lakh crore rs. in infrastructure projects by 2024-25.
Along with it, the construction sector is also likely to grow.