India is set to surpass Japan to become the 4th largest economy by 2026 and overtake Germany to become the 3rd largest economy by 2028. India is projected to add $1 trillion to its GDP every 12–18 months in the coming decade. With this momentum, India is targeting a $30 trillion economy by 2047. India’s economy traditionally has been dominated by the services sector. However, in future share of the manufacturing sector is expected to increase significantly with initiatives like Make in India. In this virtual discussion, we will delve into the pivotal role of India's manufacturing sector. The discussion will cover the high growth sunrise sectors and their potential in world’s largest populated country both for home growth market as well as exports as corporates look for China + 1 strategy. Discover how manufacturing and services will propel India’s economic ascent, unlocking vast opportunities and strategic advantages. This session will provide valuable insights and actionable strategies for leveraging the growth opportunities in one of the world's most dynamic economies.
Growing Middle Class and Manufacturing Sector Growth: How will the expanding middle class in India, projected to reach 583 million by 2025 and 800 million by 2030, drive the product demand? By 2030, India will have the secondlargest share of the global middle class ( 17%). This growth is expected to drive growth in the manufacturing sector, particularly in consumer goods and electronics. What specific trends in consumption are anticipated?"
China +1 Strategy: Considering factors such as labor costs, which are approximately one-third of China's, and policy reforms like the reduction in corporate tax rates to 22% for domestic companies and 15% for new manufacturing companies, how can India effectively compete with China as a global manufacturing hub through 2030? What strategic advantages will India leverage over the next decade?
Lucrative Sectors for Foreign Direct Investment: According to the Department for Promotion of Industry and Internal Trade (DPIIT), India received a total foreign direct investment (FDI) inflow of US$ 48.03 billion in the fiscal year 2023. Among chemicals, pharmaceuticals, electronics, automotive, industrial machinery, and textiles, which sectors have seen the highest growth rates in FDI, , and which sectors are forecasted to remain lucrative up to 2030? What factors make these sectors particularly attractive to foreign investors?
India’s Path to $2 Trillion Exports by 2030: India is actively pursuing trade diversification strategies aimed at achieving a target of $2 trillion in exports by 2030. How will India navigate global trade dynamics to reach this ambitious goal? What role will emerging markets and new trade agreements play in diversifying exports? How can India leverage sectors like technology, pharmaceuticals, and manufacturing to boost exports? What challenges will India face in ensuring sustainable and competitive exports? How will government policies and infrastructure support this growth?
Trillion Dollar states leading Indian GDP growth: Maharashtra currently has the highest manufacturing output, contributing about 15% to India's total manufacturing GDP. Looking ahead to 2030, which states are projected to become the leading hubs for manufacturing growth in India, and what investments or policies will drive this shift? States like Gujarat and Karnataka are expected to stay lucrative due to their strong industrial policies and investment in infrastructure and technology
Infrastructure: Ports and Highways: How do current infrastructure developments, including the Bharatmala project with an investment of INR 5.35 lakh crore (USD 75 billion) for 34,800 km of highways and the Sagarmala project aimed at modernizing ports with a budget of INR 4 lakh crore (USD 54 billion), enhance India's manufacturing capabilities? What are the key milestones achieved so far, and what infrastructure advancements are forecasted up to 2030?
India to become 3rd largest Aviation market: India is on track to become the 3rd largest aviation market by 2030, with 2,000 aircraft and 220 airports. What’s driving this rapid expansion in infrastructure and capacity? How will 450 million passengers by 2030 impact connectivity needs? What roles do government policies and private investments play? How are airlines and airports preparing to meet demand efficiently and sustainably?
Powering the Shift to Clean and Self-Reliant Energy: The National Green Hydrogen Mission targets the production of 5 million tons of green hydrogen annually by 2030. How is this mission driving large-scale investments in renewable energy and electrolyser manufacturing? What role are partnerships and green ammonia projects playing in accelerating this shift? How is India expanding transmission networks and smart grid systems to support renewable integration? In what ways are smart energy infrastructure rollouts enabling efficient and stable power distribution? Can these combined efforts position India as a global leader in clean and self-reliant energy?
India’s Electronics Boom: Unlocking Opportunities in EMS: With the demand for electronic motherboards in India expected to grow sixfold to USD 81.5 billion by 2026 and the overall electronics market projected to reach USD 400 billion by 2025, how will this surge in demand drive the growth of the local electronics manufacturing sector by 2030? What specific opportunities and challenges are anticipated?
India’s Auto Industry to become 3 rd largest in the world: India, the ‘Chauffeur Capital’ of the world, is emerging as a ‘Future Automotive Hub’, with 3.3 million in added car capacity by 2030—mainly EVs. Set to become the 3rd largest auto market, what’s fueling this rise—demand, exports, or PLI incentives? How are EVs and local manufacturing boosting India’s edge? Can global and local investments, along with strong talent and supply chains, sustain this momentum?
Future of India's Healthcare Market: India, the ‘Cancer & Diabetes Capital’ of the world, will be a USD800 billion market by 2030, driven by Tier 2 and 3 cities. How will the rise in chronic diseases like cancer and diabetes impact healthcare demand? Can these cities’ infrastructure handle the growing patient load, especially with limited specialized care? What role will digital health platforms play in bridging the gap? How will government policies affect accessibility and affordability? Will India’s healthcare system manage this rapid growth while ensuring quality care?
India's Rise as a Global Powerhouse in the Chemical Industry: India ranks 3rd in polymer consumption, 4th in agrochemical production, and 2nd in dye manufacturing and exports. What’s fueling this strong global position in chemicals? How are demand, cost advantages, and innovation shaping growth? What role do policies and infrastructure play in scaling the sector? How are exports and global partnerships expanding India’s footprint? Can India emerge as a global chemical manufacturing hub by 2030?
