5 industries have a bright future in PM Modi’s 3rd term

These 5 industries have a bright future in PM Modi’s 3rd term:

1. Startups

India’s ranking in the Ease of Doing Business Index improved from 142nd in 2014 to 63rd in 2019.

According to an Inc42 report, by 2030, India is projected to have:

– 180,000 startups
– 280 unicorns

at a combined valuation of $1.5 trillion!

→ Startups can leverage improved business conditions and government support to drive innovation and create jobs.

⭐ Nithin & Zerodha: We’ll see more such founders creating global unicorns

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2. Defence

The government allocated ₹6.21 lakh crore for defence (4.7% more than FY 2023-24)

(Expect this expenditure to further increase)

The government has invited multiple foreign investments into the defence industry.

→ Startups can develop cutting-edge technologies such as drones, cybersecurity solutions, and advanced surveillance systems.

⭐Ankit & ideaForge: Supplying advanced UAVs to the armed forces and law enforcement

⭐Jatin, Karan & Samarthya Investment Advisors – I trust these guys for any expert advice in this domain!

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3. Railways

The National Rail Plan 2030 aims to invest ₹50 lakh crore in the railways over the next decade.

More investments means:

– Scope for better technology
– Opportunity to enhance connectivity

→ Startups can provide smart solutions for ticketing, logistics, safety, and passenger services.

⭐Manish & RailYatri.in: Offers train travel information and booking services

⭐Atul & Staqu Technologies: Uses AI-based solutions to improve railway safety

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4. Oil and Gas

The BJP government has promoted policies to increase domestic oil and gas production.

Expect Modi to boost the operations of many oil and gas-related government schemes.

→ Startups can drive efficiency and innovation through AI, IoT, and blockchain technologies.

⭐Ranjith & Stellapps Technologies Private Limited: IoT expert that extended to energy management in the oil and gas industry

⭐Aditi & Repos Energy : Fuelling Possibilities: Innovating fuel delivery by leveraging IoT and mobile technology to provide on-demand fuel delivery solutions.

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5. PSU Banks

The backbone of any healthy economy is its financial sector.

A stronger financial sector means:

– Increased lending capacity
– Improved asset quality

→ Startups can enhance digital banking services, improve financial inclusion, and develop innovative lending and payment solutions.

⭐Harshil & Razorpay: Provides secure payment gateway solutions for online transactions