Some promising sectors of the indian economy with high growth potential are discussed below 1 engineering the engineering sector has remained a high potential business which has played a crucial role in boosting the economy and supporting the growth of other key sectors of the economy it contributes almost 8 percent to the annual gdp. India the private sector expands at a slower pace in march although business optimism improves april 4 2019 the composite purchasing managers index pmi produced by nikkei and ihs market moderated to 527 in march from 538 in february moving closer to the 50 point threshold that separates expansion from contraction in the private sector. Mr narendra modi prime minister of india has launched the make in india initiative with an aim to boost the manufacturing sector of indian economy to increase the purchasing power of an average indian consumer which would further boost demand and hence spur development in addition to benefiting investors. Major sector of indian economy primary sector overviewthe primary sector of indian economy depends directly on natural resources to execute the various processes and manufacture the goods and services needed to keep the whole operation going examples of primary sectorin india agriculture is the biggest example of the primary sectorhowever forestry and fishing can also be cited as other . India remains the fastest growing economy in the world and it will get a big boost from its approach to gst which will reduce the cost of doing business for firms reduce logistics costs of moving goods across states while ensuring no loss in equity said junaid ahmad world bank country director in india
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