Question

The industry is called the sunrise sector in india

Answer 1

The Indian market is experiencing a high rate of the growth thanks to a burgeoning car-buying population looking for low cost cars. While a new sector of $2,000 vehicles is expected soon, the $5,000 to $10,000 sector is witnessing fierce competition between domestic makes and global OEMs eager to grab a share of the growth. All this makes the automotive industry India’s “sunrise sector”.

Answer 2

Answer:

The sunrise industry is one that is new or is growing fast and expected to become important in the future. Examples; hydrogen fuel production, peteochemical industry etc.

Industries which are growing in a fast or rapid manner and also having a good need in future is known as sunrise industry.

Explanation:

A sunrise industry is new or fairly new, is increasing rapidly and is anticipated to become significant in the future.  

And also a fresh and increasing sector is known as the sunrise industry, particularly in electronics and telecommunications. The IT sector is referred to as the sunrise industry as it has grown rapidly over the past ten years.

Some of the examples are for this industrial sector is Hydrogen fuel production, petrochemical industry and food processing industry.

Explanation: