Published : 29 May 2023
As more people buy health insurance coverage, the health insurance market's penetration in India has grown significantly in recent years. In addition, this trend will likely continue with more insurance providers entering the market, increasing competition and the number of products available.
India aims to have 450 GW of renewable energy capacity by 2030. Due to supportive government policies, declining costs for renewable energy technology, and increasing demand for clean energy, it is anticipated that India's renewable energy industry will continue to grow quickly in the years to come.
One of the initiatives the Indian government has undertaken to support the growth of the IT sector is the Digital India programme, which aims to provide broadband connection to all citizens and promote the use of digital technology in the country.
The country's growing urban population and rising commercial real estate demand would benefit the Indian real estate market. In addition, it is anticipated that India's office space market will expand as a result of rising demand from the business process outsourcing (BPO) and information technology (IT) sectors.
The National Food Processing Policy, which aims to increase food processing and reduce food waste, and the Make in India programme are just two of the initiatives the Indian government has launched to support the expansion of the FMCG sector.