India's telecommunication industry is the second-largest in the world with over 1.2 billion subscribers. It contributes 6.5% to India's GDP.[323] After the third quarter of 2017, India surpassed the US to become the second largest smartphone market in the world after China.[324]
The Indian automotive industry, the world's second-fastest growing, increased domestic sales by 26% during 2009–2010, and exports by 36% during 2008–2009. 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 emerged as a global player. As of 2021, with 3000 pharmaceutical companies and 10,500 manufacturing units India is the world's third-largest pharmaceutical producer, largest producer of generic medicines and supply up to 50%—60% of global vaccines demand, these all contribute up to US$24.44 billions in exports and India's local pharmacutical market is estimated up to US$42 billion.[328][329] India is among the top 12 biotech destinations in the world.[330] The Indian biotech industry grew by 15.1% in 2012–2013, increasing its revenues from ₹204.4 billion (Indian rupees) to ₹235.24 billion (US$3.94 billion at June 2013 exchange rates).[332]