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Which of the following is not considered as a sunrise industry industry?
  • a)
    Wellness
  • b)
    Tourism and hospitality
  • c)
    Information technology
  • d)
    Cotton textile
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Which of the following is not considered as a sunrise industry industr...
Emerging industries:
  • Emerging industries are also known as
     ‘Sunrise Industries’.
  • These include 
    Information technology, Wellness, Hospitality and Knowledge
  • 'Sunrise industries' 
    is a colloquial term for a sector or business that is in its infancy, but is growing at a rapid pace.
  • A sunrise industry is typically characterized by 
    high growth rates, numerous start-ups, and an abundance of venture capital funding
    .
  • A sunrise industry is often characterized by a high degree of innovation, and its rapid emergence may threaten to push into obsolescence a competing industry sector that is already in decline.
  • Examples of sunrise industries include 
    alternative energy in the period from 2003 to 2007, and social media and cloud computing in 2011 and 2012.
  • Over a period of years or decades, as an industry grows and matures, it may pass from the sunrise phase to maturity and, finally, the sunset stage.
  • The 
    compact-disc industry is a typical example of such a transition.
  • It was a sunrise industry in the 1990s as compact discs replaced vinyl records and cassette tapes, but the rapid adoption of digital media in the 21st century could mean that the compact-disc industry's days are numbered.
Therefore, the first three industries listed in the option are emerging or sunrise induatries.
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Which of the following is not considered as a sunrise industry industry?a)Wellnessb)Tourism and hospitalityc)Information technologyd)Cotton textileCorrect answer is option 'D'. Can you explain this answer?
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