Pharmaceutical and Healthcare Sector
India’s Pharmaceutical and Healthcare Sector: Healing at Home, Leading Abroad
At Lobal, we view India’s pharmaceutical and healthcare sector as one of the country’s most strategic and globally impactful industries. Known as the “Pharmacy of the World,” India plays a crucial role in supplying affordable, high-quality medicines and healthcare services to more than 200 countries. With a strong base of R&D, skilled professionals and regulatory compliance capabilities, the sector is poised for continued global expansion.
Contribution to India's GDP
The pharmaceutical industry is valued at over $65 billion (2024). The healthcare sector is valued at over $370 billion.
India's position in the sector compared to the world
India is the 3rd largest pharmaceutical exporter by volume globally. It supplies over 60% of global vaccine demand and 20% of generic medicines used worldwide.
Effect of the Union Budget on the sector
The Union Budget 2025–26 emphasised support for the sector through increased funding for bulk drug parks, PLI schemes for Active Pharmaceutical Ingredients (APIs) and digital health infrastructure.
Predicted Growth
Lobal estimates a 40–45% increase in pharma and healthcare exports over the next five years.
Automobiles and Auto Components Sector
India’s Automobile and Auto Components Sector: Driving Growth, Gearing for Global Leadership
At Lobal, we see India’s automobile and auto components sector as a high-performance engine driving both domestic manufacturing and global exports. With a strong ecosystem of OEMs (Original Equipment Manufacturers), Tier-1 suppliers and a growing electric vehicle (EV) segment, India has become one of the world’s leading auto production hubs. The country’s skilled workforce, cost competitiveness and engineering capabilities make it a key player in the global automotive supply chain.
Contribution to India's GDP
The overall automobile sector contributes around 7.1% to India’s GDP and about 49% of the manufacturing GDP.
India's position in the sector compared to the world
India is the 3rd largest automobile market in the world and the 4th largest vehicle manufacturer globally.
Effect of the Union Budget on the sector
The Union Budget 2025–26 reinforced support through PLI schemes focused on Advanced Automotive Technologies, EV components and battery manufacturing.
Predicted Growth
Lobal projects a 35–40% increase in auto component exports over the next five years.
Handicrafts and Traditional Sector
India’s Handicrafts and Traditional Sector: Preserving Heritage, Expanding Global Reach
At Lobal, we view India’s handicrafts and traditional sector as a unique blend of cultural heritage and export potential. With centuries-old artisanal techniques and region-specific crafts, this sector represents the soul of India’s creative economy. Today, with growing global appreciation for handmade, sustainable and culturally rich products, Indian handicrafts are gaining prominence in international markets. Lobal is committed to helping this sector scale globally while preserving its authenticity.
Contribution to India's GDP
Contributes over $3.5 billion in exports annually. The sector employs over 7 million artisans.
India's position in the sector compared to the world
The industry has recorded a CAGR of around 10–12% in exports over the last five years. India is home to over 3,000 distinct craft forms.
Effect of the Union Budget on the sector
The Union Budget 2025–26 increased support for this sector under schemes such as One District One Product (ODOP), PM Vishwakarma Yojana, and MSME cluster development.
Predicted Growth
Lobal projects a 40–50% increase in exports over the next five years with targeted global marketing, certification support and digital integration.
Leather Products Sector
India’s Leather Products Sector: Crafting Tradition for Global Markets
At Lobal, we recognise India’s leather products sector as a blend of heritage craftsmanship and global market potential. With centuries of artisanal skill in tanning, footwear and leather accessories, India has emerged as one of the world’s top exporters of leather goods. Today, the industry is transitioning toward sustainable practices, design innovation and value-added exports—supported by growing international demand and government initiatives.
Contribution to India's GDP
The industry contributes approximately $3.5–4 billion in annual exports.
India's position in the sector compared to the world
India is the second-largest exporter of leather garments and the third-largest exporter of saddlery and harnesses globally.
Effect of the Union Budget on the sector
The Union Budget 2025–26 increased funding under the Indian Footwear and Leather Development Programme (IFLDP) to support modernisation, environmental compliance,and export competitiveness.
Predicted Growth
Lobal estimates that India’s leather exports could grow by 35–40% over the next five years.
Furniture Sector
India’s Furniture Sector: From Traditional Craftsmanship to Global Aspirations
Lobal sees India’s furniture sector as an emerging force in global trade—rich in heritage and poised for modern growth. Traditionally known for its handcrafted wooden furniture, India is now expanding into modular, engineered and sustainable furniture, responding to rising global demand. With increasing design innovation, skilled artisans and supportive government policies, the sector is well-positioned to scale its global presence.
Contribution to India's GDP
The furniture export value has crossed $2.5 billion annually.
India's position in the sector compared to the world
India is the 5th largest exporter of wooden furniture in Asia.
Effect of the Union Budget on the sector
The Union Budget 2025–26 extended support through cluster-based development, wood and furniture parks and promotion of eco-friendly manufacturing.
Predicted Growth
Lobal projects that India’s furniture exports can grow by 40–50% in the next five years.
