Industry

India is the fourteenth in the world before leaving the factory. They together account for 27.6% of GDP and employ 17% of the total workforce. However, about one third of the workforce is engaged in industrial manufacturing simple household only.

Economic reforms have foreign competition, leading to the privatization of some public sector industries, opened up areas previously reserved for the public sector and led to an expansion of output of rapidly evolving consumer goods.

Post-liberalisation, the Indian private sector, which was mostly run by oligopolies old family business and political relationships necessary for the prosperity has faced foreign competition, including the threat of cheaper Chinese imports. Since then, it has managed the change by squeezing costs, reorganize management, focusing on the design of new products and relying on low labour costs and technology.

34 Indian companies have been listed in the Forbes Global 2000 ranking for 2007.
The 10 leading companies are:

Services

India is the fifteenth in production services. It provides employment to 23% of the active population, and it is growing fast, the growth rate of 7.5% in 1991-2000 to 4.5% in 1951-80. It has the largest share of GDP, which is equivalent to 53.8% in 2005 from 15% in 1950. Business services (information technology, information technology enabled services outsourcing of business processes) are among the sectors with higher growth contributing to one third of total production services in 2000. The growth in the IT sector is attributed to greater specialization, the availability of a large pool of low-cost but highly skilled, educated and fluent in English, workers (a legacy of British colonialism) on the supply and demand, the increase of consumer demand for foreign interest in India exports services or those seeking to outsource their operations. In the IT industry in India, despite contribute significantly to the balance of payments account for only about 1% of total GDP or 1/50th of the total services.