The Indian auto sector heads into 2022 with a bullish outlook as it strives to regain pre-pandemic sales volume, having laid a solid foundation in 2021 despite manufacturing being hampered by a shortage of semiconductors. In addition, the sector has the strong support of the government with favorable policies, such as the FAME-II scheme, the improvement of incentives for two-wheelers and the launch of the production-linked incentive scheme (PLI) sector and PLI for advanced. chemistry cell, worth INR 26,000 crore and INR 18,000 crore, respectively. This support will not only help the sector to cope with its pre-pandemic era, but will also provide tremendous support to the sector as it adopts advanced technologies.
The national textile sector, whose demand fell in fiscal year 2021 due to the start of the Covid-19 pandemic, is on track to recover in fiscal year 2022 as a result of the reopening of businesses, educational institutions and retail outlets, as well as an increase in the vaccinated population. Sanctions on Chinese textiles have also encouraged Indian textile exports. A CRISIL analysis also says that textile companies are ready to take a turn towards recovery in 2022. In addition, government initiatives such as the Plan for Incentives Linked to Production, the establishment of textile mega-parks and the extension of the Refund of State Taxes and Centrals and the levy scheme are also helping the sector.
The retail business is undergoing a substantial transition in response to changes in customer behavior around the world. The industry’s desire for more comfort post-COVID. To meet the growing demand of the Indian customer, retailers are implementing an omnichannel strategy and accelerating the incorporation of digitization and new age technology development in their operations. The future of the industry will be determined by its ability to take a multi-channel approach to the epidemic. When online and offline channels compete, omnichannel or physical retail distribution looks promising. Also, e-commerce is growing rapidly in the country. Customers enjoy a growing selection of items at the lowest prices. Without a doubt, e-commerce is causing the biggest transformation in the retail business, and this trend is expected to continue in the coming years.
Before the epidemic, there was a tremendous acceleration in the acceptance of FinTech, with adoption doubling every two years. When the world was hit by the epidemic, FinTech became an essential product for all organizations to stay afloat in these turbulent times. Advanced technology, coupled with the demand for fluidity in financial markets, facilitated the rapid adoption of FinTech solutions, and even the most skeptical companies were forced to accept them. While 2020 and 2021 were years of FinTech acceptance, 2022 and beyond will be years of innovation and revolution.
Indian Pharmaceutical or Pharmaceutical Sector (IPS)
The pharmaceutical sector is linked with the health sector, as the health sector is expected to grow in 2022, the pharmaceutical sector also expects a promising year ahead. According to rating agency ICRA, IPS is expected to grow at a rate of 9-11% in 2021-22, with domestic and developing markets driving growth in the coming quarters. According to ICRA, revenue growth in the second quarter of FY22 was slight at 6.4%, compared to 16% in the first quarter of 2021-22 in a sample of 21 Indian pharmaceutical companies. Basis normalization and price pressures in the US market were the key causes of diminishing growth momentum in the second quarter of FY22, even if growth in domestic and developing markets remained strong, according to ICRA.
The Indian real estate market is showing signs of recovery and is likely to gain momentum in the coming months. With strong end-user demand and relaxed market circumstances, average sales volume is likely to exceed pre-Covid year average quarterly sales in 2019. Developments as a result of Omicron would be a critical component in influencing the sales boost as a result of any blockage. Experts believe that digital marketing and online registrations would help to overcome this obstacle. Growth levels have already been reached in key property markets such as Pune, Hyderabad, Bangalore, Ahmedabad and Mumbai.
The last 2 years were really challenging for the healthcare industry due to the COVID-19 pandemic, however, the industry overcame all the challenges. The time ahead is also promising, as the sector is now well equipped and planned. According to the Society for Healthcare Information and Management Systems’ “Future of Healthcare Report,” more than 80% of healthcare systems want to expand their investment in digital healthcare technologies over the next five years . According to Invest India research, the healthcare business in India is expected to reach $372 billion by 2022. The hospital business in India accounts for 80% of the healthcare industry and is expected to grow at a CAGR of 16 to 17% to $132.84 billion for FY22 from $61.79 billion in FY2017.
After a year of uncertainty, India’s renewable energy sector is expected to grow in 2022, with an estimated investment of more than USD 15 billion, as the government focuses on electric vehicles, equipment manufacturing solar energy, green hydrogen and the achievement of the ambitious renewable capacity target of 175 GW. . India has just over 150 GW of installed renewable energy production capacity, with a target of reaching 175 GW by 2022. Solar power would provide 100 GW, wind power would provide 60 GW, bioenergy would provide 10 GW, and small hydro would provide 5 GW.
FDI inflows into India’s unconventional energy industry totaled US$10.28 billion between April 2000 and June 2021, according to statistics provided by the DPIIT (Department for the Promotion of Industry and Internal Trade). In 2018, the country’s new investment in renewable energy was US$11.1 billion. According to the analysis firm British Business Energy, India would rank third in the world in terms of renewable energy investments and ambitions in 2020.
India is a major supplier of dyes, accounting for 16% of the world’s production of dyes and dye intermediates. India has an important position in the export market for dyes, medicines and agrochemicals. Japan, Germany, the US, Singapore, Spain, Switzerland, Turkey and the UK are among the countries that import dyes from India. By 2022, the Indian dye and pigment industry is expected to be worth US$63 billion. Small and medium-sized companies in the domestic chemical industry are expected to grow between 18% and 23% in FY22, due to higher domestic demand and higher realization due to high chemical prices. Also, with the exception of some hazardous chemicals, industrial license and 100% FDI through automatic method are allowed in the chemical industry, making it a promising industry in 2022.