Global Scans · India · Weekly Summary

---

WHAT'S NEXT?: India's ambitions, particularly in technology and economic growth targets promise much from this populous country determined to be a world leader.

• [New] Most of non-OECD growth is concentrated in Asia, with liquid fuels consumption in India and China adding more than 0.4 million b/d of consumption by 2026 compared with 2024. EIA - Energy Information Administration
• [New] India's government is driving a $38 billion grid enhancement program, targeting a leap from 217.6GW installed clean capacity in early 2025 toward its 500 GW goal by 2030. Velox Consultants
• [New] India's macroeconomic stability and other key factors could help send equities 20% higher annually over the next five years. Morgan Stanley
• [New] India's electricity demand would increase to 817 GW by 2030. Precedence Research
• [New] 230 metric tons of finished steel would be used in India by 2030-31, rising from 93.43 tons in 2020-21. Precedence Research
• [New] Currently India is pushing for the realization of its self-sufficiency target in vegetable oils in 2040. CSPO Watch
• [New] Tighter U.S. immigration policies, particularly for the H-1B skilled-worker visa, are making families in India less inclined to marry their children to Indian citizens based in the United States for fear the potential partners might lose their job or immigration status. FDD
• [New] India alone will add over 2 million cloud computing jobs by 2025. Skill Upgrade Hub
• [New] India will launch its own space station by 2028, plans to operationalise it by 2035 and achieve a crewed lunar mission by 2040. Drishti IAS
• [New] What may look ambitious today like One Sun One World One Grid could actually be a reality not that far away; and Overall, India must operate in a multi-polar environment while itself preparing to emerge as a pole. Ministry of External Affairs, Government of India
• [New] From India's perspective, three driving forces of demand, of demographics and of data will propel its rise. Ministry of External Affairs, Government of India
• [New] India is on track to meet its 2030 renewable targets, buoyed by aggressive solar deployment and corporate power purchase agreements. Ainvest
• [New] Reliance Industries owned telecom operator, Reliance Jio, with over 500 million customer base will IPO in the first half of 2026. / India TelecomTalk
• [New] India is poised to lead the global race towards 6G, with an exciting opportunity to drive technological leadership, highlighting the pivotal role of the Bharat 6G vision and government initiatives aiming to generate 10% of global 6G patents from India. Outlook Business
• [New] India's tech workforce will double to 10 million by 2030, with AI alone expected to generate 2-3 million jobs. The Register
• [New] India is home to over half the world's GCCs, and analysts expect it will host more than 2,200 centers by 2030, collectively representing a $100 billion industry that employs 2.8 million people. The Register
• [New] India's space sector is projected to grow five-fold to $44 billion by 2033, driven mainly by downstream services such as Earth Observation (EO), SatCom, and NavIC. Guidely
• [New] India has enormous economic opportunities in the present global circumstances and is on a firm growth path. Economic Times
• [New] India and China are resuming direct flights after five years of suspension and say they will strengthen trade ties. Al Jazeera
• In India, cost-effective devices are essential to meet high demand, as expensive devices that lack regular updates and user feedback risk becoming outdated. LWW
• In the Asia Pacific region, India is expected to lead with AR/VR in healthcare at a CAGR of 26.1% by 2027. KOMPANIONS
• By 2030, India is projected to account for a third of new global petrochemical capacity additions. The Pioneer
• While India has secured semiconductor and AI investment pledges from partners such as Japan - which pledged $68 billion in August - Trump is expected to be less willing than past US leaders to back ventures that build Indian capacity. AFP

Last updated: 12 October 2025