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The State Of Business Opportunities In India
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Although India is still considered a developing country, it is teeming with opportunities for business-minded people who have innovative ideas and the drive to take their companies to new heights. Employment and business opportunities are plenty and you can get more information about business news today from the Odisha Samaya. Outlined below are some of the sectors which have proved to be very profitable for business over time.
India news today about agriculture
India is primarily an agricultural country and this is the mainstay occupation of a majority of the people of the country, with about 51% of the population being involved in agriculture and related occupations such as forestry, logging, and fishing. There has been a number of technological advancements in agricultural practices due to the contributions of science in this field.India ranks second in farm produce worldwide. It is the largest producer of pulses, jute, and milk, and the second largest producer of wheat, rice, groundnuts, cotton, sugarcane, fruits, and vegetables. It also has the world’s second largest cattle population. About 10% of India’s export earnings come from agriculture. Hence, there is a lot of scope in this field and you can find more India news today from the Odisha Samaya.
Business news today about opportunities in industry
A very important contributor in India’s industry sector is petroleum products and chemicals, which contribute 34% of India’s export earnings. The Indian chemical industry is Asia’s third largest producer, with the world’s largest refinery located in Jamnagar. India is among the top 5 producers in the world of agrochemicals, plastics, dyes, and different types of chemicals. Hence, there is a lot of scope for growth in this area.
Another industry which is slowly making its mark in the world is the pharmaceutical industry. India produces about 8% of the total pharmaceutical products in the world and this percentage is slowly increasing every year. The state which has become the leader in the pharmaceutical industry is Gujarat. Find out more about its progress from the Odisha Samaya.
India’s engineering industry deserves a mention here due to its rapid growth in terms of transport equipment, machine tools, transformers, furnaces, automobiles, and railways. India is the world’s largest producer of tractors and the twelfth largest producer of machine tools globally.
News today about services in India
This category includes energy and power, retail, tourism, infrastructure, and banking and finance. India has huge oil reserves and natural gas fields in different parts of the country and holds the fourth position in the production of electricity and oil products. Companies such as Oil and Natural Gas Corporation (ONGC), Hindustan Petroleum Corporation Limited (HPCL), and Reliance Industries Limited (RIL) are making India proud in this sector. The tourism department of India is constantly working towards attracting tourists to the best places in India and working to preserve the natural beauty of these destinations. The retail market of India contributes up to 20% of India’s GDP. All these fields have a number of opportunities for dynamic people and you can find more information from the Odisha Samaya.
Arun Kumar is a well-established business man who writes a lot about the state of business in India and the scope of growth in various sectors. He has published a number of articles on top business news today, its highs and lows, and how to overcome these challenges.
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