Agricultural sector
India’s Agricultural Sector: Past Roots, Present Reforms
At Lobal, we recognise India’s agricultural sector as the backbone of its economy and a vital contributor to global food security. With a history dating back thousands of years, India remains one of the world’s largest producers of food grains, fruits, vegetables and spices. The sector is rapidly evolving with technology adoption, government support and expanding export opportunities, making it a key player in international agricultural trade.
Contribution to India's GDP
Contributes approximately 17–18% to India’s GDP but supports nearly 50% of the country’s workforce.
India's position in the sector compared to the world
India is the world’s largest producer of milk, pulses and spices and ranks in the top three for rice, wheat and cotton production.
Effect of the Union Budget on the sector
The Union Budget 2025–26 allocated increased funding for irrigation projects, cold chain infrastructure, agri-tech startups and export promotion schemes.
Predicted Growth
Lobal projects a 30–35% growth in agricultural exports over the next five years.
textiles and apparel sector
India’s Textile and Apparel Sector: Weaving Heritage into Global Trade
At Lobal, we recognise India’s textiles and apparel sector as a cornerstone of the country’s industrial heritage and export economy. Known for its diverse range—from handwoven fabrics and traditional crafts to modern garments and technical textiles—India is a leading global supplier. With increasing emphasis on sustainability, innovation and branding, the sector is expanding its footprint in international markets.
Contribution to India's GDP
The industry is valued at over $250 billion and all industries contribute around 2.5% to India’s GDP.
India's position in the sector compared to the world
The sector is the second-largest exporter of textiles globally and the world’s largest producer of cotton.
Effect of the Union Budget on the sector
The Union Budget 2025–26 enhanced support through schemes for technical textiles, sustainable manufacturing and export incentives for MSMEs and startups.
Predicted Growth
Lobal projects a 35–40% increase in textile and apparel exports over the next five years.
Gems and jewellery sector
India’s Gems and Jewellery Sector: A Legacy Polished for Global Markets
Lobal recognises India’s gems and jewellery sector as a timeless symbol of craftsmanship and a vital contributor to the country’s export economy. With centuries of artisanal tradition blended with modern design and manufacturing capabilities, India is a global leader in the cutting, polishing and export of diamonds, gold jewellery and precious stones. As global demand shifts toward ethically sourced, custom and branded jewellery, India is well-positioned to scale its global footprint.
Contribution to India's GDP
The industry is valued at over $80 billion and contributes nearly 7% to India’s GDP.
India's position in the sector compared to the world
India is the largest diamond cutting and polishing hub in the world, handling over 90% of the world’s rough diamonds by volume.
Effect of the Union Budget on the sector
The Union Budget 2025–26 supported the sector through duty rationalisation, incentives for lab-grown diamond production and technology upgradation for MSME manufacturers.
Predicted Growth
Lobal projects a 30–35% increase in exports over the next five years.
Electronics and Engineering Sector
India’s Electronics and Engineering Sector: Building the Future, Powering Exports
Lobal sees India’s electronics and engineering sectors as critical to the country’s journey toward becoming a global manufacturing powerhouse. With a growing domestic base, rising exports and government-backed initiatives like “Make in India” and “Digital India,” India is rapidly emerging as a reliable alternative to global supply chains. From consumer electronics to industrial machinery and precision engineering, these sectors are at the heart of India’s industrial transformation.
Contribution to India's GDP
The engineering goods sector accounts for over $100 billion in annual exports, making it India’s largest export segment. The electronics industry's exports exceeded $30 billion in 2024.
India's position in the sector compared to the world
India is the 2nd largest manufacturer of mobile phones globally.
Effect of the Union Budget on the sector
The Union Budget 2025–26 provided continued support via the PLI schemes for electronics, semiconductors and white goods.
Predicted Growth
Lobal estimates a 40–50% increase in electronics and engineering exports over the next five years.
Chemicals and Allied Sector
India’s Chemicals and Allied Sector: From Domestic Growth to Global Demand
Lobal studies recognise India’s chemicals and allied industries as a core enabler of industrial growth and a rising global export engine. With a robust domestic base, competitive manufacturing costs and rising global demand for speciality and green chemicals, India is fast becoming a preferred sourcing hub. The sector spans a wide spectrum—from basic chemicals and petrochemicals to agrochemicals, dyes and speciality chemicals—each contributing significantly to global supply chains.
Contribution to India's GDP
The sector contributes around 7% to India’s GDP and about 14% of industrial output.
India's position in the sector compared to the world
India is the 6th largest chemical producer in the world. India is also the 4th largest producer of agrochemicals globally.
Effect of the Union Budget on the sector
The Union Budget 2025–26 emphasised growth through green hydrogen, bio-based chemicals and the development of chemical clusters and industrial parks.
Predicted Growth
Lobal projects a 30–35% increase in exports over the next five years.
