Industry Sector Contribution to GDP in India (1990-2022)

India's industry sector contribution peaked in the late 2000s, reaching 31.1% as the country underwent rapid economic expansion. However, post-2014, the sector's contribution declined as services, particularly IT and digital services, began dominating. Recent years show stabilization around 25-26%, as the government invests in “Make in India” and infrastructure projects to revive manufacturing. This stabilization reflects India’s effort to balance industrial growth alongside a burgeoning service sector, positioning the country as a hybrid economy focused on both industrial and technological advancement.