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55 industries that add up to India's GVA.
Size today, share of the economy, and the Atlas base-case path to FY35. Open an industry for its history, players and every listed company inside it.
55 industries · ₹ lakh crore GVA · Atlas base case
| Industry | Activity | GVA FY26 ↓ | Share FY26 | Share FY35E | CAGR FY26–35 | Listed share of GVA | Listed cos | Their m-cap | |
|---|---|---|---|---|---|---|---|---|---|
| Real estate & housing | Production side — Construction, real estate & strategic manufacturing | 32 | 10.2% | 9.3% | 9.6% | 1.7% | 267 | ₹9.0 L cr | |
| Construction & EPC | Production side — Construction, real estate & strategic manufacturing | 26.55 | 8.4% | 8.8% | 11.2% | 2% | 277 | ₹16.5 L cr | |
| Horticulture, oilseeds, sugarcane, cotton & other crops | Agriculture | 22 | 7% | 5.7% | 8.1% | 1% | 171 | ₹1.9 L cr | |
| Dairy, poultry, meat & livestock | Agriculture | 17.5 | 5.6% | 4.9% | 9% | 0% | 49 | ₹1.6 L cr | |
| Public administration & defence services | PUBLIC & SOCIAL SERVICES | 15.5 | 4.9% | 4.3% | 9.1% | 0% | 5 | ₹7.0 L cr | |
| IT services & global capability centres | Telecom & Digital | 14.2 | 4.5% | 3.5% | 7.6% | 36% | 310 | ₹47.1 L cr | |
| Retail & e-commerce | Production side — Trade, Hotels & Consumer Services | 14 | 4.4% | 4.7% | 11.4% | 6% | 118 | ₹31.9 L cr | |
| Banking | FINANCIAL SERVICES | 13.5 | 4.3% | 4.2% | 10.3% | 67% | 59 | ₹55.9 L cr | |
| Professional, legal, consulting, staffing & business services | PROFESSIONAL SERVICES | 13.1 | 4.2% | 4.5% | 11.7% | 9% | 203 | ₹13.6 L cr | |
| Education | PUBLIC & SOCIAL SERVICES | 10.5 | 3.3% | 3.3% | 10.4% | 1% | 55 | ₹0.8 L cr | |
| Wholesale trade & distribution | Trade, hotels & consumer services | 10 | 3.2% | 3.2% | 10.6% | 5% | 132 | ₹5.7 L cr | |
| Road transport & logistics | Autos, Mobility & Logistics | 8.9 | 2.83% | 2.88% | 10.9% | 1% | 146 | ₹13.3 L cr | |
| Fisheries & forestry | Agriculture | 8.6 | 2.7% | 2.1% | 7.5% | 1% | 21 | ₹0.4 L cr | |
| Cereals, pulses & the grain economy | Agriculture | 8.5 | 2.7% | 1.9% | 6.1% | 0% | 91 | ₹4.3 L cr | |
| Personal & other services, and the residual economy | PUBLIC & SOCIAL SERVICES | 8 | 2.5% | 2.6% | 11% | 1% | 423 | ₹13.4 L cr | |
| Oil & gas: upstream, refining, marketing & city gas | Manufacturing | 7 | 2.22% | 1.62% | 6.8% | 55.7% | 101 | ₹32.9 L cr | |
| Hospitals, diagnostics & healthcare services | PA RT V · P R O D U C T I O N S I D E · P U B L I C & S O C I A L S E RV I C E S | 6.8 | 2.16% | 2.11% | 10.4% | 4.5% | 119 | ₹10.5 L cr | |
| Telecommunications | TELECOM & DIGITAL | 4.9 | 1.6% | 1.3% | 8.8% | 30% | 58 | ₹19.6 L cr | |
| NBFCs & housing finance | FINANCIAL SERVICES | 4.5 | 1.4% | 1.6% | 12.3% | 56% | 379 | ₹33.9 L cr | |
| Textiles, apparel & leather | Manufacturing: Consumer Goods | 4.2 | 1.33% | 1.32% | 10.5% | 7% | 521 | ₹9.8 L cr | |
| Packaged food, beverages & FMCG | Manufacturing: Consumer Goods | 4.1 | 1.3% | 1.39% | 11.5% | 16% | 397 | ₹29.2 L cr | |
| Power generation | Utilities | 4 | 1.27% | 1.3% | 11% | 33% | 105 | ₹28.7 L cr | |
| Transmission, distribution & water | Utilities | 3.7 | 1.18% | 1.21% | 11% | 21.6% | 101 | ₹22.2 L cr | |
| Chemicals: commodity, specialty, agrochemicals, paints & fertilisers | Manufacturing | 3.4 | 1.08% | 1.15% | 11.4% | 29% | 574 | ₹46.0 L cr | |
| Steel | Manufacturing | 3.4 | 1.4% | 1.4% | 11.4% | 70% | 233 | ₹18.4 L cr | |
| Hotels, restaurants & tourism | Trade, hotels & consumer services | 3 | 0.95% | 1.09% | 12.3% | 7% | 158 | ₹11.3 L cr | |
| Software, SaaS & internet platforms | TELECOM & DIGITAL | 3 | 1% | 1.3% | 14.9% | 18% | 129 | ₹17.0 L cr | |
| Pharmaceuticals & biotech | Manufacturing | 2.8 | 0.89% | 0.97% | 11.7% | 50% | 300 | ₹30.6 L cr | |
| Insurance | FINANCIAL SERVICES | 2.5 | 0.79% | 0.89% | 12.1% | 66% | 22 | ₹16.0 L cr | |
| Coal | Mining | 2.4 | 0.76% | 0.63% | 7.4% | 50.6% | 94 | ₹25.2 L cr | |
| Non-ferrous metals & other mining | Manufacturing | 2.4 | 0.8% | 0.8% | 10.5% | 50% | 165 | ₹16.7 L cr | |
| Capital goods & industrial machinery | Manufacturing | 2.3 | 0.73% | 0.84% | 12.4% | 38% | 523 | ₹33.8 L cr | |
| Cement & building materials | Manufacturing | 2.1 | 0.67% | 0.72% | 11.5% | 30% | 199 | ₹17.1 L cr | |
| Gems & jewellery | Manufacturing: Consumer Goods | 1.9 | 0.6% | 0.58% | 10.1% | 3% | 106 | ₹7.6 L cr | |
| Rubber, plastics & packaging | Manufacturing | 1.7 | 0.54% | 0.55% | 10.9% | 9% | 173 | ₹4.6 L cr | |
| Electronics manufacturing & semiconductors | Manufacturing: Electronics | 1.7 | 0.5% | 0.8% | 16.3% | 10% | 47 | ₹4.9 L cr | |
| Metal products, pipes, wires & cables | Manufacturing | 1.6 | 0.51% | 0.52% | 10.9% | 12% | 166 | ₹14.2 L cr | |
| Railways | Production side — Autos, mobility & logistics | 1.6 | 0.51% | 0.54% | 11.3% | 2% | 67 | ₹8.6 L cr | |
| Auto components & tyres | Autos, Mobility & Logistics | 1.5 | 0.48% | 0.54% | 12.1% | 51% | 198 | ₹18.6 L cr | |
| Paper, wood, furniture & printing | Manufacturing: Consumer Goods | 1.5 | 0.48% | 0.42% | 9.2% | 9% | 131 | ₹4.6 L cr | |
| Media, entertainment & gaming | Trade, hotels & consumer services | 1.5 | 0.48% | 0.47% | 10.6% | 10% | 145 | ₹13.3 L cr | |
| Passenger vehicles | Autos, Mobility & Logistics | 1.3 | 0.41% | 0.49% | 12.7% | 44% | 48 | ₹24.3 L cr | |
| Electrical equipment: transformers, switchgear, cables & motors | Manufacturing | 1.2 | 0.38% | 0.44% | 12.6% | 40% | 140 | ₹18.7 L cr | |
| Asset management, wealth, broking & exchanges | FINANCIAL SERVICES | 1.2 | 0.38% | 0.46% | 13% | 35% | 446 | ₹26.1 L cr | |
| Alcohol & tobacco | Manufacturing: Consumer Goods | 1.1 | 0.35% | 0.31% | 9.1% | 31% | 72 | ₹6.7 L cr | |
| Payments & fintech | FINANCIAL SERVICES | 0.8 | 0.25% | 0.4% | 16% | 10% | 29 | ₹4.9 L cr | |
| Aerospace, defence & shipbuilding | Manufacturing | 0.7 | 0.22% | 0.28% | 13.6% | 36% | 71 | ₹20.0 L cr | |
| Two-wheelers | Autos, Mobility & Logistics | 0.7 | 0.22% | 0.22% | 10.4% | 49% | 63 | ₹25.4 L cr | |
| Commercial vehicles & tractors | Autos, Mobility & Logistics | 0.6 | 0.19% | 0.2% | 11.5% | 60% | 114 | ₹27.2 L cr | |
| Consumer durables & appliances | Manufacturing: Consumer Goods | 0.6 | 0.19% | 0.23% | 13% | 28% | 146 | ₹7.0 L cr | |
| Aviation | Autos, Mobility & Logistics | 0.6 | 0.19% | 0.22% | 12.3% | 38% | 29 | ₹8.8 L cr | |
| Renewable-energy manufacturing | Manufacturing | 0.4 | 0.13% | 0.19% | 15.8% | 41.2% | 37 | ₹4.1 L cr | |
| Ports, shipping & waterways | Autos, mobility & logistics | 0.4 | 0.13% | 0.14% | 11.9% | 62% | 96 | ₹8.4 L cr | |
| Data centres & AI infrastructure | TELECOM & DIGITAL | 0.3 | 0.1% | 0.3% | 24.8% | 15% | 25 | ₹18.5 L cr | |
| Electric vehicles & batteries | Autos, Mobility & Logistics | 0.2 | 0.06% | 0.28% | 30.5% | 30% | 61 | ₹29.7 L cr |