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Technology is likely to develop a lot in the next 10 years. Information technology has a lot of scope for innovations and is at the center of the information stage right now. Information technology is likely to shape the economy in the near future. This sector contains technological businesses like the manufacturing of computer hardware, computer software, or electronics technological service industries. Another sector that will grow is the health care sector. The biotechnology is likely to advance more and more with time. This sector includes hospital conglomerates, institutional services, insurance services, drug manufacturers, biomedical companies as well as medical instrument companies.
The agriculture sector is the largest employer. It employs nearly 51% of people and accounts for almost 17% in the GDP. The low contribution towards GDP is mostly due to the low agricultural produce. The low productivity is because the size of landholdings is pretty small. There is an absence of alternative employment opportunities for the uneducated masses is what drives so many people towards this sector. Apart from all this, agricultural sector requires a lot of workforces for their produce to come through. However, the system of providing financial aids to this sector is not very efficient. As a result, many farmers fail to make use of proper equipment in this sector.
The fastest growing industry in the world is global respiratory ventilator manufacturing whose revenue growth is estimated to be around 54.8%. The products produced by this company have been the staple in the global health care sector for a long time now. The demand for ventilators is very important as they act as a life-saving device for patients having limited breathing function. Another industry that might see a rise is the global sugar manufacturing industry. The revenue growth is estimated to be 8.8%. This industry has seen a lot of fluctuation in global sugar prices. Other industries that fall into this category are global military shipbuilding and submarines, global public relations agencies, global music production and distribution, and many more.
with more and more businesses taking over the online platform, most of the industries that make the most money fall under the category of online ideas. One major industry is information technology. Everyone relies on technological support in their day to day lives. However, people end up making their devices available to hackers and identity thieves, and when things go wrong, IT support is required. Apart from this, mobile apps and entertainment for children is also likely to make a lot of money. The demand for tablets, apps, and mobile entertainment for children is at its peak these days and hence the reason for so much profit.
Real estate is one of the industries that is easy to get rich in. this deals with online brokerages, online design services, and real estate technology. The bulk of the growth is likely to come from agents, property managers, property rentals, and other companies providing similar services. Finance is also another sector which makes it easy for someone to become rich. This includes Fintech and cryptocurrency.