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 gasket and seals market is projected to grow positively through the forecast period, supported by the Make in India initiative, expanding automotive production capacity, and significant investments in renewable energy infrastructure. Persistence Market Research
• [New] 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
• [New] 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
• [New] 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
• [New] 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
• [New] 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
• [New] Economic Potential: India's circular economy market is expected to generate $2 trillion and create around 10 million jobs by 2050. PMF IAS
• [New] By 2026, energy storage capacity is expected to grow by more than 25%, ensuring consistent supply even during low-generation periods. / India Tata Power
• [New] 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
• [New] The UN projects India's economy will grow 6.4% in 2026 and 6.6% in 2027. Whalesbook
• [New] India is projected to lead global growth at 6.2%, significantly ahead of the world average of 3.1%. LinkedIn
• [New] CBSE introduced AI as an elective starting in Class 6, and the new Computational Thinking curriculum will roll out from Class 3 in 2026 to 2027. / India Apni Pathshala
• [New] India has pledged to reduce CO2 emissions by 50% by 2050 and reach net-zero emission standards by 2070. itaadmin
• [New] India's renewable energy capacity continues to expand at an impressive pace, aligning closely with India renewable targets 2030, which aim for 500 GW of non-fossil fuel capacity by the end of the decade. Tata Power
• [New] The Government of India aims to achieve net zero carbon emissions by 2070. / India Tata Power
• [New] India's assumption of the BRICS presidency in 2026 coincides with a rare convergence of strategic opportunity and geopolitical strain. BRICS
• [New] The aggressive expansion into new markets such as Saudi Arabia under Vision 2030, and especially India as import tariffs fall away, creates substantial new upside that can eventually offset the slowdown in China. The Valuation Framework
• [New] India's energy demand is projected to increase more than that of any other country in the coming decades due to its population size and economic potential. Tata Power
• [New] India has begun exploring offshore wind opportunities along its western and southern coasts, with pilot projects in Gujarat and Tamil Nadu under development. Tata Power
• [New] India's tax authorities have deployed an AI-based risk assessment system within the Insight platform, analysing Form 3 CEB filings, Country-by-Country Reporting data, and international exchange information to flag risks such as low-margin subsidiaries and large intra-group service payments. Maier Vidorno Altios
• [New] Pi Data Centers launches new DC in Mumbai, plans 23 MW expansion across India. DataX Connect
• [New] India's economy is projected to grow 6.4% in 2026 and 6.6% in 2027. Whalesbook
• [New] The Indian space economy is currently valued at approximately $8 billion, with a projected growth path to $44 billion by 2033. WelthWest

Last updated: 03 May 2026