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] India's crude import dependence is projected to rise to about 94% by 2030, with gas import dependence reaching 65%. Down To Earth
• [New] India's energy demand is expected to double over the next 25 years, intensifying the urgency of building a more resilient system. Down To Earth
• [New] India's GDP growth is set to moderate to 6.6% in the coming fiscal year, as persistent energy disruptions triggered by the West Asia conflict ripple through trade, inflation and financial conditions. Down To Earth
• [New] Smart grids are central to India's plan to reach 500 GW of renewable capacity by 2030 and achieve net-zero emissions by 2070. Green Fuel Journal
• [New] India alone has set a target of 500 GW of non-fossil fuel capacity by 2030. Green Fuel Journal
• [New] India's debt-to-GDP ratio is projected to rise from 56.1% in FY2026 to 57.5%, reversing the downward trajectory that fiscal consolidation had established. Discovery Alert
• [New] Zoho Corp. has released its State of Workforce Password Security Report 2026, revealing that 93% of Indian businesses believe AI will strengthen cybersecurity, despite many lacking essential safeguards. Yourstory
• [New] Foreign companies providing global cloud services through Indian data centers will be eligible for a tax holiday extending until 2047, one of the longest concession windows in Indian fiscal history. Maier Vidorno Altios
• [New] India's total GDP is forecast at $4.1 trillion, dwarfing Bangladesh's $510 billion. Business Today
• [New] Bangladesh's per capita GDP is expected to edge slightly above India's in 2026 - estimated at $2,911 compared to India's $2,812. Business Today
• [New] With Government of India data estimating over 15,000 village markets in the state of Bihar alone, the potential scale of food waste represents a significant and under-recognised threat to rural food and nutrition security. The University of Sheffield
• [New] With growing investments and technological advancements, India is expected to see rapid growth in IoT adoption in the coming years. Getinsights360
• [New] India has launched a nationwide toll-free helpline (1855) for Census 2027 to make the process more accessible and citizen-friendly. Adda247
• [New] In the previous fiscal year, bank lending to Non-Banking Finance Companies witnessed an impressive 26% increase, fueled by the Reserve Bank of India's easing of risk weights. Economic Times
• The recent economic data projecting India's GDP growth rate for FY 2026-27 at 7.0% by the RBI is a good indicator of its economic prowess, as it is way ahead of all the G20 nations, including Germany, Brazil, and China. Diplomatist
• HVDC & Ultra-High Voltage Opportunity: Ultra-High Voltage and HVDC transmission projects are emerging as major investment avenues, enabling efficient long-distance renewable power transfer with lower losses and reduced land footprint. / India Persistence Market Research
• Growth Indicator: Accelerated renewable capacity additions, including India's 500 GW 2030 target and Europe's rapid solar expansion, are structurally increasing demand for transmission, substations, and grid stability solutions. Persistence Market Research
• Recent Indo-US and Indo-EU deals will be quite helpful in providing new channels of economic growth and attracting substantial investment into India. Diplomatist
• India might participate in Pax Silica, a US initiative aimed at establishing a seamless global supply chain of silicon and other critical minerals for AI technology. Diplomatist
• By 2026, energy storage capacity is expected to grow by more than 25%, ensuring consistent supply even during low-generation periods. / India Tata Power
• As India continues its journey toward net-zero emissions, renewable energy growth in India will remain central to achieving national and global sustainability goals. Tata Power

Last updated: 10 May 2026