General

Gems and Jewellery

  • The gems and jewellery sector has been playing a very important role in the Indian economy and contributes about 7% to the country's gross domestic product (GDP).
  • India is the world’s largest consumer of gold, accounting for over 20% of the global gold consumption
  • India exports 95% of the world’s diamonds, as per statistics from the Gems and Jewellery Export promotion Council (GJEPC).
  • The industry is projected to generate up to $35 billion of revenue from exports by 2015.
  • The domestic gems and jewellery industry had a market size of $41.61 billion in 2013, with potential to touch $85 billion by 2018.

Insurance

  • India's life insurance sector is the biggest in the world and is expected to increase at a compound annual growth rate (CAGR) of 12%-15% over the next five years.
  • The insurance industry plans to hike penetration levels to five per cent by 2020, and could top the $1 trillion mark in the next seven years.
  • The total market size of India's insurance sector is projected to touch $350-$400 billion by 2020 from $66.4 billion in 2013.

Food Industry

  •  The food processing industry is one of the largest industries in India and is ranked fifth in terms of production, consumption, export and expected growth.
  • The total food production in India is likely to double in the next 10 years with the country’s domestic food market estimated to reach $258 billion by 2015.
  • Agriculture, which provides employment to 52% of the population, is estimated to account for 14% of the country’s gross domestic product (GDP).
  • The Indian food industry which presently stands at close to $135 billion with a CAGR of 10%, is expected to touch $200 billion by 2015
  • The Indian food and grocery market is the world’s sixth largest, with retail contributing 70% of the sales. It is projected to grow at the rate of 104%, touching $482 billion by 2020.