Make a list of any five famous Industries of India. Write
what type of Industries they are and what they produce.
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Answer: The major industries in the Indian Economy are Iron & Steel, Textiles, Jute, Sugar, Cement, Paper, Petrochemical, Automobile, Information Technology (IT), and Banking & Insurance.
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→ Pharmaceuticals
Pharmaceuticals in India have produced the highest number of billionaires numbering 137. The richest person from this industry segment is Poonawalla with a net worth of INR 88,800 crores. Indian is the largest supplier of generic drugs to the world. India fulfills more than 50 percent of the global need for different vaccines, 40 percent of the generic medicine demands of the US and 25 percent of the total medicine needs of the UK.
→ Software & Services
The software and services sector has produced 73 billionaires, the second largest number in India on the Hurun Report. The richest person in this industry segment is Azim Premji with a net worth of INR 1,17,100 crores. India has some industry leaders in this segment including Infosys, Wipro, TCS and Tech Mahindra that provide diverse kinds of products across different industry segments.
→ FMCG
FMCG industry segment in India has produced 59 billionaires and hence stands in the third rank for producing the highest number of billionaires. The richest person from this segment is Nusli Wadia & Family with a net worth of INR 42,200 crores. In the fast-moving consumer goods segment, household and personal care products alone account for 50 percent of the sales.
→ Chemicals and Petrochemicals
Producing 57 billionaires, the chemicals and petrochemicals segment in India stands in the fourth position for producing the highest number of billionaires. Sri Prakash Lohia with a net worth of INR 40,500 crores is the richest one from this segment. The dominant players in this segment are Reliance Industries Ltd (RIL), Indian Petrochemicals Corporation Ltd. (IPCL), Gas Authority of India Ltd. (GAIL) and Haldia Petrochemicals Ltd. (HPL)
→ Automobiles & Auto Components
The fifth one in the list of industries producing the highest number of billionaires is the automobiles and auto components sector in India producing 45 billionaires. The wealthiest person from this sector is Rahul Bajaj & Family with a net worth of INR 60,700 crores. India is among the largest markets in the world and also among the leaders in the commercial vehicles manufacturing segment.
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