India's telecommunication industry, the world's fastest-growing, added 227 million subscribers during the period 2010–11,and after the first quarter of 2013, India surpassed Japan to become the third largest smartphone market in the world after China and the U.S.Its automotive industry, the world's second fastest growing, increased domestic sales by 26% during 2009–10,and exports by 36% during 2008–09. India's capacity to generate electrical power is 250 gigawatts, of which 8% is renewable. At the end of 2011, the Indian IT industry employed 2.8 million professionals, generated revenues close to US$100 billion equalling 7.5% of Indian GDP and contributed 26% of India's merchandise exports.

The pharmaceutical industry in India is among the significant emerging markets for global pharma industry. The Indian pharmaceutical market is expected to reach $48.5 billion by 2020. India's R & D spending constitutes 60% of the biopharmaceutical industry. India is among the top 12 biotech destinations of the world.[247][248] The Indian biotech industry grew by 15.1% in 2012–13, increasing its revenues from 204.4 Billion INR (Indian Rupees) to 235.24 Billion INR (3.94 B US$ - exchange rate June 2013: 1 US$ approx. 60 INR). Although hardly 2% of Indians pay income taxes