India

• [New] A recent IBM study highlighted that organisations in India will increase the share of spend on Hybrid Cloud, from the current 17% to about 49% by 2023.
• [New] India is expected to sign a $ 2.5-billion contract in 2021 for 56 medium transport aircraft under the Make-in-India initiative.
• [New] In FY2017, IT-BPM exports from India is expected to reach USD 117 billion, a 7.6% year-on-year growth.
• [New] India is expected to go on to deliver GDP growth of 11.9% by the first quarter of 2022, far higher than pre-Pandemic levels.
• [New] India is expected to start a massive immunization program within about a week, and hopes to inoculate 300 million of its 1.35 billion people free of charge in the first six to eight months of 2021.
• [New] India's telecom sector is expected to see some major developments in 2021 which will fuel the growth for all telecom operators.
• [New] India will become 5th largest economy in 2025, 3rd largest by 2030 in the world, overtaking UK in 2025, Germany in 2027 and Japan in 2030.
• [New] Though analysts expect global fossil-fuel demand to remain soft in the coming years as companies commit to net-zero goals and countries attempt to limit emissions, fuel demand in India will still surge.
• [New] Of the major economies we expect China, with a fall in GDP of only 2% in 2020 and rise in GDP of 5.0% in 2021, and India, with a fall in GDP of 3% in 2020 and a rise of 8% in 2021, to do best.
• [New] The talent demand in India's telecom sector is expected to grow by 18-20% in 2021 on account of wide-spread adoption of internet services, demand for better telecom networks, and the rollout of 5G technology.
• [New] Palm oil demand from India and China is expected to grow in 2021.
• [New] India is expected to be the largest contributor to the renewables upswing in 2021.
• [New] 64% of organisations in India are expected to increase their demand for cloud computing while 56% of them expect to see an increased demand for cloud software.
• [New] India will regain its position as the fifth-largest economy by 2025 and emerge as the third-largest by 2030 in dollar terms and remain in that position until 2035 while China is now forecast to overtake the US economy in 2028, five years earlier than in 2033 as previously forecast.
• [New] India is expected to become the world's third largest consumer economy by reaching US$ 400 billion in consumption by 2025.
• [New] India is expected to become the youngest country by 2022, with an average age of 29.
• [New] India is amongst the countries which might experience high social and economic costs from climate change: Almost 153 billion hours of labour were lost globally in 2017 due to heat, an increase of 62 billion hours from the year 2000.
• In other high-income countries - as well as in countries like China, Brazil, India and Russia that are producing or manufacturing vaccines at scale - mass vaccinations will begin in 2021 but likely continue into early 2022.
• Reliance-BP is investing USD 5 billion in bringing to production three deepwater gas projects in block KG-D6 R-Cluster, Satellites Cluster, and MJ which together are expected to meet about 15% of India's gas demand by 2023.
• The first model to be launched will be Model 3, the cheapest among Tesla vehicles, with prices starting at over US$74,739 (5.5 million Indian rupees).
• Japan would remain the world's third-biggest economy, in dollar terms, until the early 2030s when it would be overtaken by India, pushing Germany down from fourth to fifth.
• Japan would stay the world's third-biggest economic system, in greenback phrases, till the early 2030s when it might be overtaken by India, pushing Germany down from fourth to fifth.
• China will become a high-income economy by 2023, and that India will be the no. 3 economy by the end of the decade.

Last updated: 10 January 2021