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The latest rankings released on 5 September 2020 are based on the performance of states on a wide ranging list of 181 reform points drawn up by the government. This covers 45 business regulatory areas which were used to assess the efficacy and energy of their reforms.
Business process outsourcing to India refers to the business process outsourcing services in the outsourcing industry in India, catering mainly to Western operations of multinational corporations (MNCs).
The information technology (I.T.) industry in India comprises information technology services and business process outsourcing. The share of the IT-BPM sector in the GDP of India is 7.4% in FY 2022. The IT and BPM industries' revenue is estimated at US$ 245 billion in FY 2023.
This article lists the largest companies in India in terms of their revenue, according to the American business magazines Fortune and Forbes.
Make in India is an initiative by the Government of India to create and encourage companies to develop, manufacture and assemble products made in India and incentivize dedicated investments into manufacturing.
In 2023, the largest e-commerce companies in India were Flipkart, Snapdeal and Amazon. In 2018, Amazon beat Flipkart and was recorded the biggest ecommerce in India in terms of revenue. In 2020, Flipkart heavily outsold Amazon by almost two to one by sales during festive retail season.
Retailing in India is one of the pillars of its economy and accounts for about 10 percent of its GDP. The Indian retail market is estimated to be worth $1.3 trillion as of 2022. India is one of the fastest growing retail markets in the world, with 1.4 billion people.
India’s young workforce is inclining toward freelance and contractual opportunities. Possessing one of the world’s highest youngest working populations, India has the potential to become the world’s largest freelance gig economy.
Financial technology in India. Financial technology (also called FinTech) is an industry composed of companies that use technology to offer financial services. These companies operate in insurance, asset management and payment, and numerous other industries.
It is the seventh-largest country by area, the second-most populous country (with over 1.4 billion people ), and the most populous democracy in the world. In 2019, the Indian economy was the world's fifth largest by nominal GDP and third largest by purchasing power parity. [1]