India

• [New] The Biden administration's search for cooperation with China in tackling global challenges will be beneficial for India, easing regional tensions and strengthening multilateralism.
• [New] For the 2021-30 decade, we assumed a real (inflation-adjusted) GDP growth rate of less than five percent per year for China, and suggested that only India would still be experiencing accelerating growth after 2020.
• [New] The year 2021 will provide ample opportunities for India to consolidate its growing relations with countries across the Pacific and Indian Oceans.
• [New] In one report, of the 20 major economies studied, India was the only economy expected to maintain a talent surplus in 2025 and 2030.
• [New] India is strengthening the entire ecosystem to achieve Prime Minister Narendra Modi's dream of becoming a USD 5 trillion economy by 2025 through rapid structural reforms.
• [New] Through the COVAX facility, it ordered 24 million doses of the AstraZeneca vaccine, with supply expected to start arriving in the second week of next month, several African countries are opting for vaccines from India, Russia, and China.
• [New] India is expected to fly its Small Satellite Launch Vehicle, or SSLV, for the first time during Q1 of 2021.
• [New] India is expected to see more than 1 million cloud computing job roles by 2022 as more organizations shift their operations to the cloud infrastructure.
• [New] Based on an uptick in several indicators in the last few months, several agencies have upgraded their estimates of India's economy, with the Reserve Bank of India recently projecting a 7.5% contraction in the year compared to its earlier estimate of a 9.5% decline.
• [New] Talks between Brazil's Fiocruz biomedical center and the Serum Institute of India to ship finished doses of the AstraZeneca vaccine are well advanced, with delivery expected in mid-January.
• [New] AstraZeneca plans to produce 1 billion doses of the so-called University of Oxford vaccine - a cheap and easy to store variety - at Serum Institute facilities in India.
• [New] Revenues being under pressure with increasing costs will lead to the Indian aviation industry incurring large losses in 2021-22 as well.
• [New] The Insurance industry in India is expected to grow in the single digits for the year as compared to a double digit growth last year and the medium term outlook to remain stable.
• [New] GlobalData identifies India as the second highest country in terms of polypropylene capacity additions, with capacity of 7.69 million tpy by 2030.
• [New] India's growth is expected to recover to 5.4% in 2021 as the rebound from a low base is offset by muted private investment growth given financial sector weaknesses.
• [New] India is the world's fourth largest country by cumulative wind capacity - currently at 38 GW, and installations are expected to reach 5 3GW by 2024.
• [New] India's minister for road transport and highways recently confirmed that Tesla will start offering its cars to Indian consumers in 2021.
• [New] In the next ten or twenty years, India will perhaps become the world's most populous country and the third-largest economy.
• [New] Digitally empowered and diverse ecosystem: India has always had a diversified economy and the accelerated pace of digital transformation across key sectors will drive recovery over 2022.
• [New] Over 2022, 56% of Indian organisations are expected to increase demand for cloud software and 75% of CEOs believe that cloud will help transform their business models for a more software defined future.
• [New] The global economy is projected to grow in 2021 by 5.4% compared with 3.3% in 2019 led by emerging markets particularly China and India.
• 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.
• India is expected to sign a $ 2.5-billion contract in 2021 for 56 medium transport aircraft under the Make-in-India initiative.

Last updated: 17 January 2021