6 Sectors To Drive India's Growth: Jefferies
Jefferies identifies space, semiconductors, data centres, electronics, solar and aerospace as the six sectors driving India's "New Industrial Revolution."
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“6 Sectors To Drive India's Growth: Jefferies”
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10 Sep 2026
Key Highlights:
- Space economy to grow 5x: India's space sector, backed by firms like Skyroot, Pixxel and Agnikul, is targeted to grow to $40-45 billion by 2030.
- Semiconductor push gains momentum: Around $20 billion has already been invested, with a chip fab under construction and a further $13 billion incentive plan expected.
- Data centre capacity to hit 10 GW: Capacity has grown 5x in five years to 2 GW and could reach 10 GW in the next five, creating a $45 billion investment opportunity.
- Electronics value addition to rise sharply: Domestic value addition in mobile components is expected to climb from below 20% to around 50% over the next six years.
- India, world's 2nd-largest solar PV manufacturer: With 35 GW of operational cell capacity and 100 GW under construction, 90% of the solar value chain could be localised by 2030.
- Aerospace sourcing on the rise: Boeing and Airbus already source $1.4-1.6 billion annually from India, benefiting from cost-competitive manufacturing and engineering talent.
New Delhi: As India charts its journey towards becoming a 'Viksit Bharat' by 2047, global investment bank Jefferies has highlighted what it calls "India's New Industrial Revolution," driven by a large domestic market, rising private-sector participation and sustained policy support across six high-growth sectors.
India's large domestic opportunity, rising private participation and government support are driving the expansion of new industries, with growing domestic capacity and global competitiveness, the report noted.
