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India’s economy is on a robust growth trajectory, supported by rising domestic demand, favorable government policies, and global megatrends. Investors seeking sectors expected to grow in 2024 and beyond must consider industries aligned with innovation and expansion. This blog provides details on the focus sectors of Right Horizons PMS which we believe will help provide sustainable long-term returns, based on economic trends, corporate performance, and GDP growth rate projections.
The manufacturing sector growth in India has gained significant momentum due to supportive government policies such as the Production Linked Incentive (PLI) scheme. This initiative is catalyzing growth across sub-sectors such as electronics, chemicals, auto components, and defense.
The manufacturing sector plays a vital role in boosting the GDP growth rate and is expected to grow further with government-backed projects. Companies operating in specialty chemicals and defense manufacturing are poised to provide excellent returns to long-term investors.
India’s renewable energy sector is expanding rapidly, with a target of achieving 500 GW of capacity by 2030. This makes renewable energy one of the top sectors to invest in India for sustainable growth.
The Indian government’s focus on green infrastructure ensures that this sector remains one of the most promising investment opportunities through 2024 and 2025.
Infrastructure development is a key pillar of India’s economic expansion, with significant investments in commercial real estate, urban transport, and logistics. The National Infrastructure Pipeline (NIP) outlines a comprehensive investment plan, aiming to improve connectivity and public utilities across the country.
With projects like new expressways and port expansions, infrastructure remains a crucial sector expected to grow, providing direct and indirect benefits to industries such as cement, steel, and construction equipment.
As incomes rise and urbanization continues, the FMCG and consumer discretionary sectors have witnessed strong growth. Shifts in spending patterns post-pandemic have increased demand for travel, premium goods, and digital services.
The growth of digital platforms and cashless payment methods has further fueled the consumer discretionary market, making it a lucrative space for stock and mutual fund investments.
The wealth management industry in India is flourishing as more individuals seek personalized investment strategies to grow their wealth. Rising financial literacy and innovation in fintech have created multiple avenues for investors to access wealth advisory services.
As the financial ecosystem matures, the wealth management sector continues to provide excellent returns by offering diversified investment solutions.
India’s technology sector remains a key driver of innovation and economic progress. Companies specializing in software services, fintech, and AI-powered solutions continue to gain global market share.
This sector’s consistent growth makes it an attractive investment opportunity for those seeking long-term capital appreciation.
Aligning with India’s economic growth and key trends, Right Horizons PMS focuses on sectors like manufacturing, renewable energy, infrastructure, consumer discretionary, wealth management, and technology. These sectors benefit from supportive government policies, rising demand, and technological advancements, offering a pathway to sustainable returns. Investing in these growth-oriented industries positions investors to capitalize on India’s momentum through Right Horizons PMS.