Global Scans · India · Weekly Summary

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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, the world's fifth-largest economy with a GDP of $4.2 trillion, is poised to surpass Japan and then Germany to become the third-largest economy globally by the early 2030s. United States Department of State
• [New] India aims to build a $40 billion space economy by 2040, up from approximately $8 billion in 2023. Scribd
• [New] India's SpaceTech sector has rapidly evolved into a leading global ecosystem, aiming for a $40 billion space economy by 2040, supported by significant policy reforms and private sector innovation. Scribd
• [New] India's energy security remains a priority as it balances coal dependency with ambitious renewable energy goals, including the National Green Hydrogen Mission to produce five million tons of green hydrogen annually by 2030. United States Department of State
• [New] India will draft a new Bilateral Investment Treaty text to enhance its investment framework. United States Department of State
• [New] By emulating successful electronic-payment platforms in emerging markets like Brazil and India, policymakers could foster financial inclusion, boost government revenues, and stabilize public finances. Project Syndicate
• [New] Establishing silicon recovery infrastructure will support a circular economy, strengthen domestic manufacturing, and align with India's Make in India, clean energy and sustainability goals. Swinburne University of Technology
• [New] In the decade ahead, India's demographic advantage and consumption-driven model could propel it into the ranks of global economic leadership - a rising counterweight in an era defined by great-power competition. CEOWORLD Magazine
• [New] The India-UK Comprehensive Economic and Trade Agreement is poised to create significant opportunities for India's seafood export sector. SeafoodNews
• [New] To meet India's growing demand for seamless cross-border transactions, Banking Circle will enable EbixCash World Money, a leading AD-II licensed foreign exchange and remittance provider in India, to offer faster and more transparent international money transfers. Finextra Research
• [New] Indian dairy firms are projected to grow 11-13% in FY26, led by value-added products, with improved margins and Rs. India Brand Equity Foundation
• [New] The International Monetary Fund (IMF) recently raised India's GDP growth forecast for 2025 by 20 basis points to 6.8%, though it trimmed projections for 2028, citing the medium-term effects of steep US import tariffs. @mathrubhumi
• [New] Indian exports to the US are projected to drop from $86 billion in FY25 to as little as $49.6 billion in FY26, a plunge of about 43%. Finsights by Square League
• [New] Indian markets showed volatility amid global trade war concerns, though analysts noted India's positioning as a manufacturing alternative could benefit if US-China tensions continue. Finsights by Square League
• [New] India is spending tens of billions of dollars on an infrastructure build-out as it tries to become a developed nation by 2047. Last Week in ConTech
• [New] China overtook the EU by total GDP in 2021, and India is on track to catch up by 2030. BakuNetwork.org
• [New] Google plans to invest $15 billion over the next five years to construct a major AI infrastructure hub in southern India, diversifying the geographic footprint of critical AI resources. Medium
• [New] By 2030, Indian start-ups will contribute Rs88, 80,000 crore (US$ 1 trillion) to the domestic economy and create 50 million jobs, boosting India's position as a major tech and innovation hub. Guidely
• The International Monetary Fund (IMF) on Tuesday raised India's GDP growth outlook for 2025 to 6.6% from 6.4% earlier, while downgrading the GDP growth projections for 2026 to 6.2%. The Times Of India
• India emerges as a bright spot in a slowing global economy, projected by the IMF to grow at 6.6% in 2025 despite rising US tariffs. Economic Times
• Anthropic, backed by Amazon, Google, and other tech powerhouses, is set to open its first Indian office in Bengaluru in early 2026. Startupro News

Last updated: 26 October 2025