Sunrise Industry
▪ Finance Minister Nirmala Sitharaman recently said India plans to increase the share of the
manufacturing sector from 12% to 23% over the next two decades helped by sunrise sectors.
▪ Sunrise industry is a term frequently used for a sector that is developing and poised for rapid growth.
▪ Sunrise industry examples include the alternative energy industry highlighted in 2003 and 2007, the social media and cloud computing industries of 2011 and 2012, and blockchain
industries established from 2013 to 2017.
