[🇮🇳] Indian Economy watch- All new developments.

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India’s Electronics Production Hits ₹11 Lakh Crore; Exports Top ₹3.25 Lakh Crore | N18V​

India's electronics production has surpassed ₹11 lakh crore, with exports exceeding ₹3.25 lakh crore, driven by strong growth in smartphone manufacturing and government initiatives like the PLI scheme#indiaelectronics

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Discretionary spending set to drive India’s retail market; to hit $1.6 trillion by 2030​

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discretionary spending set to drive india’s retail market; to hit $1.6 trillion by 2030
Retail Market In India: India’s retail sector is projected to reach USD 1.6 trillion by 2030, according to a recent report by Redseer Strategy Consultants. The report said that while essential goods will continue to form the bulk of consumer spending, the next phase of expansion is expected to be driven by discretionary purchases.


As one of the fastest-growing retail destinations in the world, India is currently witnessing a shift in demand which is driven by a young population, rising disposable incomes and a booming digital ecosystem. The surge in organised retail formats, ranging from luxury malls to hyperlocal high streets, is transforming how consumers engage with brands. However, despite this promising outlook, the supply issue remains a matter of concern. Smaller, regional and unbranded players are expected to make up majority of the retail market.

Convenience, Digital Integration At Core Of Growth​

Harinder Singh Hora, founder chairman, Reach Group, said that retail in India is evolving at two distinct paces. In Tier 1 cities, it has become part of a larger, integrated urban lifestyle, blending with office, hospitality and residential spaces. Today's consumers are seeking more than just shopping. They want convenience, digital integration and lifestyle alignment.


Related video: How India Plans To Dominate Global Trade By 2047 | Piyush Goyal’s Vision (Business Today)

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"In Tier 2 cities, customers are on the cusp of transformation. The growing demand for organised retail, driven by increasing incomes, signals a shift from traditional markets to more structured formats. While Tier 1 leads with innovation, Tier 2 markets offer amply opportunities to grow," he said.

Global Brands Building Presence​

Cities like Delhi-NCR are rapidly redefining the contours of urban consumption. The national capital's diverse demographics and robust infrastructure make it a magnet for both domestic and international retail brands. Prakash Mehta, chairman and MD, Ocus Groupsays, said that Delhi's satellite towns like Gurugram and Noida have emerged as epicenters of retail reinvention.



“India’s retail sector is undergoing a phase of accelerated growth, driven by rising consumer aspirations, shifting shopping behaviours and aggressive brand expansion. High-street retail is further strengthening growth, supported by investor sentiment and strong leasing activity," he said, adding that Gurugram is emerging as a retail hotspot and micro-markets like Dwarka Expressway are gaining momentum. "As global brands deepen their presence, we believe that the demand for premium retail spaces will only increase, offering immersive experiences and community-centric environments."

Hybrid Retail Spaces​

“Retail today is not transactional instead transformational. Especially in cities like Delhi-NCR, which have become hubs of global brands, people don’t just step out to buy things; they expect more than just shelves and stores. Developers are leaning into that shift and projects are designed accordingly to meet the demands. A new wave of retail is emerging in India, blending local flavour with global appeal. Hybrid retail spaces are becoming the new norm," Siddharth Katyal, CEO, Bhumika Group, said.


Ashwani Kumar of Pyramid Infratech, said that the rise of the high street is reshaping the retail landscape. Well-designed high-street developments are flourishing in emerging corridors like Dwarka Expressway and Southern Peripheral Road, where accessibility and a smart tenant mix are driving footfall. These retail zones offer not just convenience but long-term value for both investors and brands.

"As urbanisation accelerates and incomes rise, we see high-street retail gaining even more momentum as the preferred choice for modern shoppers. As India marches toward its $1.6 trillion retail future, the lines between shopping, lifestyle and community continue to blur. Cities like Gurugram are setting the tone, where retail is no longer a destination but a part of everyday urban living," he said.

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[Krishna with Flute]

Indian auto buyers shift gears as quality, direct purchases and innovation lead the way: Deloitte​

76 percent of Indian consumers indicated that they would be likely to buy a vehicle directly from the manufacturer with growing confidence in an online platform switching away from traditional dealer networks. (Photo is representational)
The automotive market in India is changing rapidly. In the most recent Deloitte 2025 Global Automotive Consumer Study, 76 per cent of Indian consumers indicated that they would be likely to buy a vehicle directly from the manufacturer with growing confidence in an online platform switching away from traditional dealer networks. This change also mirrors the rising prevalence of OEM-led sales channels in transforming the purchase process.


Meanwhile, as the Indian automobile market matures, 62 per cent of the customers list product quality and safety as most important when choosing a car. Contrary to markets such as Germany and Japan, where pricing is more important, Indian buyers care less about price and are more concerned with performance, strength, and driving experience. State-of-the-art in-car amenities and smooth driving performance are increasingly becoming the determining factors shaping brand choices.

(Also read: Not sunroof, this new feature is the cool favourite for Indian car buyers)

Indian automobile purchasers are also increasingly open to technology. 88 per cent of them are ready to give up personal information to OEMs or third-party entities in return for services such as anti-theft tracking—far higher than the U.S. average of 60 per cent. Additionally, 82 per cent of Indians feel that AI incorporation into cars will prove to be a plus, a clear leaning towards connected, smart mobility solutions. Smartphone integration and smooth connectivity continue to be paramount expectations.


Related video: India’s EV Market Set To Soar By 2030 (WION)
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Electric vehicle evolution amid price sensitivity​

The electric vehicle (EV) industry is picking up speed, albeit with challenges. Though affordability issues and infrastructure constraints remain obstacles, interest persists. 21 per cent of Indian consumers are looking into hybrids and 8 per cent are leaning towards battery electric vehicles (BEVs). A significant 36 per cent are looking for fast-charging functionality, an indicator of increasing consumer expectations from the EV ecosystem.

Notably, Indian customers are not hesitant to change loyalties. The research reveals that 72 per cent are willing to switch car brands, primarily driven by the presence of cutting-edge features and technology. This willingness to experiment ranks second only to China and is much higher than in Western markets such as the U.S.

(Also read: Indian auto sector grows with record PV sales in FY25 while EVs surged by 17%)


Additionally, nearly 70 per cent of 18–34-year-old consumers are willing to substitute personal car ownership with Mobility-as-a-Service (MaaS) alternatives, including ride-sharing or subscription. Urban convenience and financial pragmatism are the primary drivers of this movement.

 

[Krishna with Flute]

Apple App Store powers Rs 44,447 Cr boost to India economy in 2024, Tim Cook calls it a miracle for developers​

Story by Saurabh Singh
• 1h•
3 min read

In this article

Apple App Store powers Rs 44,447 Cr boost to India economy in 2024, Tim Cook calls it a miracle for developers
Apple's App Store facilitated a cumulative Rs 44,447 crores ($5.31 billion approximately) in developer billings and sales in 2024, according to a new report. About 94 percent of this commerce is said to have gone directly to developers and businesses, without any commission paid to Apple.

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The findings - published today - are part of an exhaustive research paper by IIM Ahmedabad professor Viswanath Pingali, and highlight how the App Store is helping developers in India not only grow but also reach a global audience, fostering entrepreneurship and success. Apple CEO Tim Cook praised the country's incredibly vibrant app economy while underscoring the impact the App Store has had on bolstering the businesses of not just big-ticket but smaller developers, likening it to a miracle.

"The App Store has been an economic miracle for developers in India and all around the world, and we're thrilled to support their work," Cook said. "This study underlines the power of India's incredibly vibrant app economy. And we're committed to keep investing in the success of developers of all sizes."

In 2024, Indian developers earned Rs 38,906 crores (about $4.65 billion) from selling physical goods and services, Rs 3,014 crores (about $352.9 million) from in-app advertising, and Rs 2,527 crores (about $302 million) from digital goods and services through the App Store, per the study.


Related video: 2025 set to be bullish for Indian tech (WION)


Interestingly, the global appeal of India's app developers is seemingly stronger than ever. Close to 80 percent of their earnings in 2024 came from users outside India. Apps built by Indian developers were downloaded over 755 million times worldwide, that is twice as many downloads compared to five years ago. Many of these apps even made it to the top 100 charts in 70 storefronts outside India.

Downloads from Indian users, meanwhile, have tripled over the past five years, and earnings from Indian consumers have grown more than fivefold. Indian developers have also created some of the most popular apps catering to the quick commerce and gig economy sectors, even as sectors like food delivery, travel, gaming, and entertainment are fuelling app usage.

Small developers, in particular, are seeing big wins, recording a 74 percent jump in earnings between 2021 and 2024. The growth is attributed to initiatives like Apple's App Store Small Business Program, which offers reduced commission rates.


The report gives a sense of the App Store's focus on user and developer security as well. From 2020 to 2023, Apple prevented over $7 billion worth of potentially fraudulent transactions, including $1.8 billion in 2023 alone. Over 1.7 million app submissions were rejected during this period for failing to meet privacy, security, and quality standards.

The findings come at a time when Apple is grappling with significant scrutiny - and even regulatory actions - over some of its existing App Store policies, particularly within the European Union (EU). Recently, the EU imposed a 500 million fine on the Cupertino-based tech company for allegedly restricting developers from directing users to alternative payment options outside the App Store. This limits competition and consumer choice, violating the Digital Markets Act (DMA), the EU has contended.

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Engineering goods exports from India reach record high in 2024-25, hit $116.7 billion​

19h•
3 min read

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Engineering goods exports from India reach record high in 2024-25, hit $116.7 billion
Registering a year-on-year growth of 6.74 per cent, engineering goods exports from India reached its all-time high of USD 116.67 billion in fiscal 2024-25, surpassing the previous high of USD 112.10 billion achieved in fiscal 2021-22.

The value of total engineering exports stood at USD 109.30 billion in 2023-24.




While the US remained the top destination for Indian engineering exports in 2024-25, significant export growth was also noted in the UAE, Singapore, Nepal, Japan, and France, according to the Engineering Exports Promotion Council (EEPC), which issued a statement on Sunday.

Engineering goods exports to the US grew 8.7 per cent to USD 19.15 billion in 2024-25 from USD 17.62 billion in 2023-24.

Notably, engineering exports outweighed the broader merchandise exports in terms of growth as India's exports saw a marginal 0.08 per cent year-on-year increase in 2024-25.

As a result, the share of engineering exports in India's overall merchandise exports increased to 26.67 per cent in 2024-25 from 25.01 per cent in the previous fiscal.

"The performance of Indian engineering exports was remarkable in 2024-25 as it came during a period of extreme global uncertainty following geopolitical disturbances and economic slowdown in major developed and emerging nations. This was further aggravated by US President Donald Trump's decision to raise import duty on dozens of its trade partners, including India," said Pankaj Chadha, Chairman, EEPC India.


Related video: How India Plans To Dominate Global Trade By 2047 | Piyush Goyal’s Vision (Business Today)

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As many as 28 out of 34 engineering panels recorded positive growth. In comparison, the remaining six engineering panels, including iron and steel, as well as non-ferrous sectors such as copper and aluminium products, office equipment, other construction machinery, and mica products, recorded negative growth during April-March 2024-25, the Council stated.

North America maintained its spot as the number one export destination with a share of 20.5 per cent, followed by the EU (17.1 per cent) and West Asia and North Africa (16.7 per cent) in 2024-25.

In cumulative terms, all regions experienced growth, barring Oceania (-10.4 per cent) and the EU (-1.9 per cent) in the financial year ending March 2025.

Despite achieving a record high figure in 2024-25, Indian engineering exports declined every month in March 2025. Engineering exports in March 2025 were recorded at USD 10.82 billion, down from USD 11.27 billion in March 2024, representing a 3.92 per cent year-over-year decline.


"In the coming days, the engineering exporting community of India needs to prepare for the continually changing and uncertain global trade dynamics. Global trade is undergoing significant disruptions, the most important being the announcement of US President Donald Trump's "Liberation Day Tariff," which has already sparked retaliatory measures from other countries and concerns about global economic stability," said Chadha.

The WTO has already sounded caution, stating that under current conditions, the volume of global merchandise trade is likely to fall by 0.2 per cent in 2025, according to the WTO, as cited by EEPC.

According to the WTO, a temporary tariff pause by the US may arrest some of the trade contraction; however, there are significant downside risks, including retaliation by other countries and policy uncertainty, which could further impact global trade volume by around 1.5 per cent, particularly hurting the export-oriented, least developed countries.



The tariffs are a new addition to the list of trade disruptions that have been ongoing in recent years, including global conflicts and the rise of protectionism.

"In this situation, it is important for the government and the industry to adopt strategies that will help us mitigate the issue to our advantage. The decision to negotiate a bilateral trade agreement with the US is a welcome step. Simultaneous to this, it is also essential for us to diversify our export destinations," said the EEPC India Chairman.
For more news like this visit The Economic Times.

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[Bilal9]

We seized More property than What Malya had stolen. You will always remain loser trying to find out something negative from India.

I don't have to go around finding negative stuff about India.

The opportunities are presented to me daily, sometimes more often..

It is out of good taste and out of regard for close Indian friends that I ignore most of these things...

Indians themselves are sufficient to remind you of negativity in India - i.e. the deshbhakt, Varun Grover, Kunal Kamra, Vir Das, Munawar Farroqui et al.

 

[Krishna with Flute]

i.e. the deshbhakt, Varun Grover, Kunal Kamra, Vir Das, Munawar Farroqui et al.

Yet we do not burn their houses you know like you guys burnt the houses of AL supporters and Hindus.

 

[Bilal9]

Yet we do not burn their houses you know like you guys burnt the houses of AL supporters and Hindus.

You are either misrepresenting facts or are uninformed.

India's Shiv Sena and RSS goonda culture are far far worse. Read:

'Shutting down': Kunal Kamra’s show organisers react to Shiv Sena vandalism | India News - The Times of India

India News: Habitat Studio in Mumbai has announced its temporary closure after Shiv Sena workers vandalized the venue over a jibe by comedian Kunal Kamra at Deput

timesofindia.indiatimes.com

I don't have the energy to go look for these stories. Muslim homes are bulldozed daily. Muslims have been killed for storing beef in their refrigerators. Who you kidding?

https://www.npr.org/2025/04/27/nx-s1-5378630/india-kashmir-pakistan-crackdown-homes-destroyed

Muslim properties ‘unlawfully’ demolished in India: Amnesty shows how

Rights group calls for a halt to the demolition of Muslim properties, calling it a form of extrajudicial punishment.

www.aljazeera.com