In 2024, India is attracting significant investment in established industries such as advanced manufacturing and healthcare, as reported by ANI, a partner of TV BRICS. Investors are favoring tried-and-true business concepts with potential for long-term expansion, according to sources. A substantial portion of investments, about 75 per cent, has been directed towards sectors like advanced manufacturing and healthcare in 2023. These sectors have demonstrated resilience and gained market share.
India’s healthcare system continues to receive funding, particularly for specialty and low-profile hospitals. Additionally, significant transactions involving pharmaceuticals and medical technology are anticipated in 2024. Investors’ sustained interest in established companies with a track record of long-term, sustainable growth has kept conventional sectors robust. Notably, over US$1 billion has been invested in five major initiatives within this sector.
Between 2021 and 2023, investments in advanced manufacturing saw an average annual increase of 20 per cent. Factors contributing to this growth include supply chain diversification, government initiatives such as the production incentive programme, and the introduction of large-scale assets into the market. Furthermore, substantial investments have been directed towards the production of electric vehicles. The increasing penetration of electric vehicles, which rose from 1 per cent in 2019 to over 6 per cent in 2023, has contributed to this trend.
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