Lead and Lag Industries
Among the industries, there are some as lead sectors and others as lag sectors. The savings and investment flowing into the lead sectors result in accelerated growth while those in the lag sectors may have less dynamic effects. Some of the lead sectors also called "sun-rise industries" are electronics, computers, chemicals, communications and hi-technology industries.
The future growth prospects of the economy depend on these industries, some of which have high capital-output ratios. The secondary market trends, the share prices and market capitalisation would depend more upon these industries in future.