Explanations – A sunrise sector refers to a new or emerging industry that is experiencing rapid growth and is expected to become significant in the future. Electric Vehicles and Medical Devices are considered sunrise sectors in India. While Information Technology (IT) has been a significant contributor to India’s economy for decades, it is now considered a well-established sector rather than a sunrise industry. Textile Manufacturing is a traditional industry in India with a long history and is not categorized as a sunrise sector.

Source: AIR