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 targets 100 GW of pumped storage capacity by 2035-36 to store renewable power and maintain grid stability. Law Prep Tutorial
• [New] India's trajectory aligns with its target of achieving 500 GW of non-fossil energy capacity by 2030, requiring extensive involvement from EPC contractors to scale installations. Persistence Market Research
• [New] India's strong technology sector and pool of talented people are important factors in how AI will grow. The Times Of India
• [New] India's National Green Hydrogen Mission allocates Rs19,744 crore ($2.3 billion) to achieve 5 million tons of annual production by 2030. Market Data Forecast
• [New] The IEA forecasts 6.3% annual growth through 2027, faster than any major economy. / India Get Down and Shruti
• [New] Supply Chain Diversification: Apple continues to shift production away from China toward India and Vietnam to mitigate geopolitical risks. The Chronicle-Journal
• [New] Indian veg oil importers are awaiting details on a potential US trade deal which could reduce tariffs on US soybean oil imports. FastMarkets
• [New] Countries such as India, Mexico, Nigeria, South Africa, Brazil, and Ethiopia are expected to add the most total beverage alcohol volumes between 2024 and 2029. Vinetur
• [New] Foreign funds that once wrote large checks into Indian AI companies now price in regulatory and tax risk that their competitors in the US, UK, and France do not face. Get Down and Shruti
• [New] India will account for one-third of global final energy demand growth through to 2050, as its share of the world's primary energy consumption increases from 8% today to 11%. WoodMac.Site.Features.Shared.ViewModels.Metadata.Publis
• [New] Goldman Sachs projects 6.9% GDP growth for 2026, above consensus, following an estimated 7.7% in 2025. / India The Rio Times
• [New] India will eliminate or reduce tariffs on all US industrial goods and a range of agricultural products. The Rio Times
• [New] India is expected to overtake Japan to become the fourth largest economy in the world by the end of 2026. St James's Place
• [New] Nokia Corporation highlighted India's 5G subscriptions reaching 290 million in 2024, expected to increase to 770 million by 2028. Yahoo Finance
• [New] Green hydrogen, solar and grid modernization initiatives will be central to India's 2026 energy security and decarbonization strategy. Passle
• [New] Technology: India's digital economy is expanding at almost twice the pace of the broader economy and could contribute nearly 20% of GDP by 2029-30. Passle
• [New] India's economy is set for strong growth, projected at 6.4% by Moody's for fiscal 2026-27. Economic Times

Last updated: 22 February 2026