Insider Monkey

Top 20 Most Valuable Indian Companies

Meerub Anjum
10 min read

In This Article:

In this article, we will look into the top 20 most valuable Indian companies. If you want to skip our detailed analysis, you can go directly to the Top 5 Most Valuable Indian Companies.

An Outlook of the Indian Economy

According to Deloitte's Indian Economic Outlook 2023, The Indian economy is poised to emerge as the world's third-largest economy by 2027, reporting a GDP of over $5 trillion. By 2047, India is expected to become a developed country. According to the IMF, India will require a growth rate of 6.5% to reach the expected GDP by 2027. After that, India will be required to grow at around 9% to become a developed country by 2047.

The Micro, Small, and Medium Enterprises (MSME) sector will have a crucial role in India's economic growth. it will play a significant role in generating income, abilities, capacities, and systems to facilitate widespread investments. The MSME sector will be a key driver of innovation, jobs, and entrepreneurship in rural India, especially for women. The MSME sector is contributing approximately 30% to India's GDP, employing nearly 123 million people. However, for MSMEs to grow further and adapt to innovation and technology, the Indian government must implement policies to make the scaling up of MSMEs affordable and accessible. This will help foster entrepreneurship and create jobs in the region.

In the first quarter of 2023, India's economy surged by 7.8%. The growth is driven by high domestic demand and private investments. The investments in the private sector surged by 7.8% on a year-over-year basis. The manufacturing and construction sector reported strong growth in the first quarter. The growth is characterized by increased government investments, rising demands for residences, and falling input prices. The highest growth was reported by the services sector, which surged at a rapid pace of 10.3%. Financial services, business services, and real estate are driving the growth in the services sector. The trade, transport, and communication sector also experienced a significant growth of 9.2%. However, the agriculture sector reported slower-paced growth of 3.5%, due to delayed monsoons and spatial rains across the country.

India is also making rounds in the space and technology sector. On August 23, 2023, India became the first country to launch a spacecraft, Chandraayan-3 on the unexplored south pole of the moon. India is now set to reach new heights of space exploration and technological advancements. According to Reuters, on September 2, India's space agency, ISRO announced the launch of its first solar mission with the spacecraft, Aditya-L1, to study the sun. The spacecraft will study solar winds that can cause disturbances, commonly known as auroras, on Earth. In another news report by Reuters, on October 17, India shared its aim of sending an astronaut to the moon by 2040. The Indian Prime Minister, Narendra Modi issued instructions to the space authorities in India and also shared the plan of launching a space station by 2035.

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