Role of Major Industries in India GDP The Gross Domestic Product popularly known as GDP of an economy requires contribution

from major industries to be healthy. India is largely an agrarian economy; so agriculture makes the major contribution to the GDP. Role of major industries in India GDP is important as based on this only the total GDP is calculated. In terms of US Dollar exchange rate India's economy is the twelfth largest. Despite witnessing a slowdown, due to the global recession, India's economy has huge potential of expansion. Major industries that contribute to India's GDP There are various sectors that contribute to India's GDP. Some of the major sectors are Automobile Industry, Steel Industry, Real Estate Industry, Tourism Industry, Energy Sector, Textile Industry, Airlines Industry, Medical Industry, Biotechnology Industry, Electronics and Hardware and the power industry. Besides these industries, there are several other sectors that are important contributors to the GDP of India. GDP: $1.209 trillion (2008 Estimate) GDP growth: 6.7% (2009) GDP per capita: $1016 Inflation (CPI): 7.8% (CPI) (2008) Unemployment: 6.8% (2008 Estimate) Main Industries: Textiles, Chemicals, Food Processing, Steel, Transportation Equipment, Cement, Mining, Petroleum, Machinery, Software The fertilizer industry of India makes more than a 20% contribution to the GDP. Another sector that seems very promising for the future is biotechnology. This sector is very young, but it is growing at a very fast pace and will undoubtedly become one of the leading sectors contributing to the GDP in the near future. Currently this sector generates $ 2 billion revenue for the Indian economy. The real estate sector has witnessed a huge boom of late and has made significant contributions to the GDP of India. The real estate sector is one industry that has made significant contribution to the country's GDP. Due to the enormous demand in the retail and other sectors of the economy, more demands are being created for real estate. The automobile industry is another sector that makes good contribution to the Indian economy. Due to the changed lifestyle of the consumer the demand for vehicles is increasing at a huge pace. Trend of Growth Rate of India's GDP 1960-1980: 3.5% 1980-1990: 5.4%

1990-2000: 4.4% 2000-2009: 6.4% The trend of growth rate of India's economy demonstrates an upward trend. During the period of 1960 1980 the economy saw a growth rate of 3.5% due to the roles of major industries in India GDP. In the years from 1980 to 1990 the growth rate showed a marked improvement of 5.4%, while it was slightly lower in the period from 1990 to 2000 which was at 4.4%. The phase 2000 to 2009 saw a huge improvement and the growth rate of GDP were marked at 6.4%. To search for further information on Role of Major Industries in India GDP, please go through these links, Role of IT Industry in India GDP Role of Telecommunications Industry in India GDP

Major Industries in India GDP Automobile Industry- GDP Pharmaceutical Industry- GDP

Bio-Technological Industry- GDP Cement Industry- GDP Iron and Steel Industry- GDP Aviation Industry- GDP Oil and Natural Gas Industry- GDP Tourism Industry- GDP Textile Industry- GDP Realty Industry- GDP Electronics & Hardware Ind.- GDP

The Role of Iron and Steel Industry in India GDP is very important for the development of the country. In India the visionary Shri Jamshedji Tata set up the first Iron and Steel manufacturing unit called Tata Iron and Steel Company, at Jamshedpur in Jharkhand. Iron and steel are among the most important components required for the infrastructure development in the country.

Role of Iron and Steel Industry in India GDP-Facts

The Iron and Steel Industry in India is one of the fastest growing sectors The demand drivers for the Indian Iron and Steel industry are increase in the activities of the automobiles industry, real estates industry, transportation system, aircraft industry, ship building industry, etc. India ranks 5th in the world in terms of production of steel The amount of crude steel produced in 2006-07 was 50.71 million tonnes

The amount of finished steel produced in 2006-07 was 51.9 million tonnes The production of finished steel was increased by 16.52% The production of finished carbon steel was 24.8 million tonnes in the year 2006-07 It is expected that India would become the second biggest producer of steel within the year 2016 and the production per year would be 137 million tonnes The exports pertaining to the steel industry was 6.26 % during the period 2006-07

Role of Iron and Steel Industry in India GDP-Consumption

The domestic consumption of steel has grown by12.5% in the past three years The domestic steel consumption in the year 2006-07 was 41.14 million tonnes The average growth rate of the Indian Iron and Steel Industry is 11.36% The construction projects all over India are major consumer of steel The per capita consumption of steel in India is 35kgs As the per capita consumption of steel is lower than other countries, so the steel industry has huge opportunities in the future

Role of Iron and Steel Industry in India GDP-Growth in Future

The Arcelor Mittal, which is the largest steelmaker in the world, has plans of establishing two Greenfield steel projects with capacity of 12 million tonnes annually, in India Acerinox SA, one of the important stainless steel manufacturers in collaboration with Nisshin Steel, Japan is setting up a steel plant in India The Tata Steel ranks 5th in the world steel production and the company have plans of expanding its capacity by the year 2015 SAIL, India's biggest producer of steel has plans of increasing the production to 24.98 million tonnes annually Sinosteel Corp, China are planning to invest US$ 4 billion to set up a 5 million tonnes capacity Greenfield steel plant The acquisition of the Corus, the Anglo-Dutch steel manufacturer by the Tata Steel The Algoma Steel, Canada was acquired by Essar Global for US$ 1.63 billion

The Role of Oil and Natural Gas Industry in India GDP is very significant as it is one of the biggest contributors to both the Central and State treasuries.

Role of Oil and Natural Gas Industry in India GDP-Highlights

India is the 6th largest consumer of petroleum By the year 2010, India is expected to rank 4th in terms of consumption of energy The contribution of the Indian Oil and Natural Gas Industry is nearly US$ 13.58 billion All of the oil refineries in India, apart from two are operated by the states

The total refinery output in the period 2005-06 was 130.11 million tonnes The growth rate of the refinery output was increased by 2.1 % in the year 2005-06 The crude oil output at the end of 2006-07 was 33.98 million tonnes The growth rate of the crude oil output was increased by 5.6% in the year 2006-07 The production of natural gas in the year 2006-07 was 31.55 billion cubic meters Indian petroleum demand depends highly on import of oil and natural gas Around 70% of the demands are fed by the imports of oil and natural gas The security pertaining to energy has become one of the primary concerns of the Central Government Presently India is trying to grab a share of the oil and gas fields from Central Asia to Myanmar and Africa The area of interest for the Indian Oil and Natural Gas Industry is to search for petroleum in both offshore and onshore blocks

Role of Oil and Natural Gas Industry in India GDP-World's refiner

The cost effective refining in India is attracting the attention of several international players India is one of the most important markets for petroleum products and crude oil The crude oil from Middle East is easily transported to India by means of the sea routes

Role of Oil and Natural Gas Industry in India GDP-Investments Abroad

India is one of the largest investors in oil fields located abroad Most of the Government owned oil companies have share in the oil and gas fields in different places of the world such as Sudan, Egypt, Libya, Ivory Coast, Vietnam, Myanmar, Russia, Iraq, Qatar, and Australia India has 20 % share in Sakhalin-I oil project in Russia The Oil and Natural Gas Corporation (ONGC) has entered into an agreement with ENI to acquire 20-25 % share of the Congo oil block

The Role of Realty Industry in India GDP primarily enhances the growth of the economy by the means of infrastructure development pertaining to residence, office space, factory space, etc. The Indian Realty sector is also responsible for the development of the new shopping formats growing up in India. The industry comprises of some of the best construction companies in India. The investments pertaining to both foreign and domestic companies cater the realty sector.

Realty Industry in India and growth of infrastructure

The Role of Realty Industry in India GDP is important for the growth of the infrastructure of the country. The realty sector in India is growing day by day. The development spree pertaining to the construction of commercial, retail and household property is underlining the growth of the Indian Economy.

Facts about Realty Industry in India GDP

The Role of Realty Industry in India GDP suggests that growth would be facilitated by encouraging demographics, increase in the purchasing power, development of custom made banks schemes, reforms formulated by the Government

There is a shortage of housing units in the residential sector in India, which amounts to 19.4 million units The demand for commercial office space is growing day by day pertaining to the requirement of the BPO industry and IT industry It is expected that the Information Technology would require 150 million square feet of area in the major Indian cities by the year 2010 The increase in the income and the access to organized retail formats such as super markets, hyper marts, etc has restructured the pattern of consumption Many of the B-grade cities are experiencing the cropping up of organized retail market Organized retail market is estimated to have a growth of 42% in 2008 The organized retail in India would do business of US$ 45 billion within the year 2010

Foreign Funding in Indian Realty Industry

Blackstone Group (US$ 1 billion) Goldman Sachs (US$ 1 billion) Citigroup Property Investors (US$ 125 million) Morgan Stanley (US$ 70 million) GE Commercial Finance Real Estate (US$ 63 million)

National Funding in Realty Industry in India

HDFC Property Fund DHFL Venture Capital Fund Kotak Mahindra Realty Fund Kshitij Venture Capital Fund ICICI Real Estate Fund

Home sweet home- Realty Industry in India

The Role of Realty Industry in India GDP pertaining to the construction of housing property is very important The development of residential complexes has increased in past few years in the Indian cities With the development of the BPO and IT sectors more and more companies are setting up centers in the several Indian cities The scope of residential development in the Indian cities are huge With the development of sprawling software parks emerging in the big cities, the requirements of high-end residential complexes are increasing