Sector Analysis · Refreshed each cycle

Sectors, scored.

Recurring sector scorecards and competitive dashboards: the structure, the players, the capital, refreshed each cycle.

Live

Data Centers

India's data-centre engine doubled in 2025 to ~1.5 GW and is racing to 2 GW, on $126bn of committed capital and an AI-and-localisation demand wall. Capital-rich, power-constrained.

Space Tech

India's space economy: $9bn today, racing to $44bn by 2033 (5×, ~8% of the world) on 350+ startups, 100% FDI and its first unicorn. A sovereign anchor with a commercial second stage.

India's quantum bet: a ₹6,003cr National Mission, its first full-stack 64-qubit machine (128-qubit Ganges next), a 1,000-km quantum network and 57+ startups. A sovereign deep-tech wager: real science, nascent revenue, an order of magnitude behind US/China spend.

Semiconductors

India's chip bet: a ₹76,000cr Mission (ISM 2.0's ₹1.25 lakh cr outlay EFC-cleared Jun'26, pending Cabinet), 13 approved projects, its first Made-in-India chips (Micron Feb'26; CG Semi began commercial OSAT shipments Jun'26) and a first fab (Tata-PSMC Dholera) due 2028. World-class at DESIGN (20% of the planet's chip engineers), starting from zero in fabrication.

Fintech & Financial Infrastructure

India's deepest digital revenue pool: ₹314 lakh crore of UPI value in FY26, a broking share war, a lending machine throttled by its regulator, and a 2025-26 IPO wave (Groww, Pine Labs, PhonePe pending, Razorpay filed) repricing the entire stack.

AI: The India Stack

The only Indian sector where funding quadrupled into 2026 ($676M in H1, +317%): a sovereign-model programme (Sarvam at $1.5bn), a $1.2bn Blackstone-led compute bet (Neysa), $67.5bn of hyperscaler pledges, and a first unicorn (Krutrim) already in retrenchment.

EV & Battery Ecosystem

2.45M EVs registered in FY26 (8.3% penetration) and the 2W war is over: legacy OEMs won. The cap table tells a darker story: the market leader down 52%, a lender fraud, a $1bn round nobody believes, and a cell-PLI programme 2.8% delivered.

Defence & Aerospace

Record everything: ₹1.78 lakh crore production, ₹38,424 crore exports (+63%), a ₹6.73 lakh crore procurement year after Operation Sindoor, and the first $100M venture round in Indian defence-tech (Raphe mPhibr). The state is the customer, the tailwind and the risk.

Quick Commerce

$10bn+ of GMV in FY26 (15% of Indian e-commerce, ~150% growth), 6,000+ dark stores, 30M monthly users, and exactly one profitable operator. Blinkit's first positive quarter meets Amazon and Walmart's deep pockets, with Zepto's IPO as the sector's price discovery.

Healthcare Services & Medtech

A $109bn delivery market compounding at ~10.6% into the biggest institutional consolidation in Indian healthcare history: Temasek's Manipal filing a ~$1bn IPO at ~$10bn, Blackstone's Aster-Quality Care merger live, KKR taking HCG, and control deals printing at 31x EBITDA against global hospitals at 8-12x.

Cross-sector comparison · which one allocates better

The same scorecard axes across all 10 live sectors, columns ranked left-to-right by composite score, so the choice between sectors is one screen, in order.

Scroll horizontally: the dimension column stays pinned →

Dimension

01 · TOP SCREEN

Defence & Aerospace

GWR-SEC-DF

Healthcare Services & Medtech

GWR-SEC-HC

Data Centers

GWR-SEC-DC

Fintech & Financial Infrastructure

GWR-SEC-FT

Space Tech

GWR-SEC-ST

AI: The India Stack

GWR-SEC-AI

EV & Battery Ecosystem

GWR-SEC-EV

Semiconductors

GWR-SEC-SEMI

Quick Commerce

GWR-SEC-QC

Quantum Computing

GWR-SEC-QC

GW composite

61G3

59G3

57G3

55G3

51G4

50G4

47G4

46G4

Demand Outlook

Surging88

Structural84

Strong92

Strong, maturing74

Strong85

Compounding80

Compounding76

Strong88

Explosive82

Emerging68

Competition

State-crowded50

Consolidating55

Intensifying48

Intense42

Intensifying50

Lopsided35

Settled (2W)40

Taiwan/US-led35

War25

US/China-led40

Capital Intensity

High, order-gated45

High, priced higher42

Very High30

Bifurcated58

Very High32

Three-tier45

Very high (cells)38

Extreme22

Extreme35

Very High28

Risk-Adjusted Return

Priced-in public, open private62

Operator's market62

Attractive, cyclical66

Repricing60

Asymmetric60

Barbell58

Selective48

Mixed55

Event-driven45

Venture / asymmetric46

Market headline

₹1.78 L cr

$108.6bn

~1.5 GW

₹314 L cr

$9 bn

$676M

2.45M

~$50 bn

$10bn+

$90 m

Exposure basket · 3Y CAGR

44%

25%

60%

18%

49%

76%

21%

54%

34%

137%

Basket · 1Y return

61%

39%

-2%

112%

31%

-3%

27%

183%

Read

On the shared axes, Defence & Aerospace (61), Healthcare Services & Medtech (61) and Data Centers (59) screen best: demand-led profiles where the score isn't already spent on entry price. Quantum Computing (46) screens lowest: the higher-beta, competition-priced end. A composite hides the shape: check the axis that matters for your mandate before acting on the rank.

Scores are Gravitywell 0-100 favourability judgements (not a formula); axes matched by prefix across sectors; composite = mean of the four shared axes, mapped to the G-ladder. Exposure baskets, screened, purity-weighted, now run for all ten covered sectors; research / informational only: not investment advice.

In the pipeline

Renewable & Transition PowerSoon

Pharma & CDMOSoon

Consumer Brands & D2CSoon

Logistics & WarehousingSoon

GCCs & Engineering ServicesSoon

Gaming & Interactive MediaSoon

Every sector, scored.

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