In 2023, India's GDP composition revealed Services as a dominant sector with the highest contribution, followed by Mining, Manufacturing, and Utilities. Agriculture, hunting, forestry, and fishing, together with Wholesale, retail trade, restaurants, and hotels, indicated a significant economic presence. Construction and Transport/storage/communication rounded off the sector contributions.
Future trends to watch include the continued growth of the Services sector driven by digitalization and technology influence. The Manufacturing sector may experience fluctuation due to policy changes and global market dynamics. Agriculture and allied sectors might see slow growth due to climate challenges. Monitoring these sectors will be crucial for identifying opportunities and risks in India's economic evolution.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 35.37 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 21.23 | 2016 | |
| 3 | 3 Agriculture, hunting, forestry, fishing | 17.35 | 2016 | |
| 4 | 4 Wholesale, retail trade, restaurants and hotels | 11.55 | 2016 | |
| 5 | 5 Construction | 7.62 | 2016 | |
| 6 | 6 Transport, storage and communication | 6.89 | 2016 |
