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

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India’s Vehicle Sales Soared In FY25, Led By EV Sales & An Export Boom | N18V | CNBC TV18​

India’s auto industry posted a 7.3% rise in domestic sales in FY25, with passenger vehicles hitting a record high of 43 lakh units. Strong global demand pushed exports up 19.2%, while EV registrations surged nearly 17%.

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‘India poised to become world’s second-largest economy in 20 years’​

9h•
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Markets today

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‘India poised to become world’s second-largest economy in 20 years’
Lucknow: This is India's decade of development. The country has immense potential and it is poised to become the third-largest economy and, in the next 20 years, the second-largest economy in the world.

These remarks were made by Padma Shri awardee Prof Nirupam Bajpai of Columbia University while delivering a special lecture on "India@2047 – Experiences and Ideas."

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It was organized jointly by the department of economics and the population research centre, Lucknow University on Thursday.

Bajpai said that the Narendra Modi govt is working on multiple fronts simultaneously for a developed India and unprecedented success has been achieved in areas such as education, skill development, financial inclusion, direct benefit transfer (DBT), Aadhaar linkage, and mortality rates, among others.

Presiding over the event, LU's arts faculty dean Prof Arvind Mohan said that while discussions on a developed India are ongoing, attention must also be paid to the issue of jobless growth, which remains a major challenge. The demographic dividend is also a concern. However, positive progress has been made in sectors like the defence corridor, manufacturing, and healthcare.
For more news like this visit TOI. Get all the Latest News, City News, India News, Business News, and Sports News. For Entertainment News, TV News, and Lifestyle Tips visit Etimes


Related video: How India Plans To Dominate Global Trade By 2047 | Piyush Goyal’s Vision (BT TV)
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Gujarat launches SpaceTech Policy; aims to attract $5 billion investment in 5yrs​

Story by Maulik Pathak
• 25m•
2 min read

A statement issued by the government said that the policy, inspired by the legacy of the father of the Indian space programme, Vikram Sarabhai, seeks to “foster innovation, attract investment, and drive private sector participation in India’s rapidly growing space economy.”
Ahmedabad: The Gujarat government on Thursday launched the Gujarat SpaceTech Policy (2025–2030) with an aim of attracting “investments worth USD 5 billion over the next five years” and creating “employment for 25,000 people”, a senior official said.

Under the leadership of chief minister Bhupendra Patel, the government aims to be a frontrunner in space innovation. “Through the new policy, the government aims to attract investments worth USD 5 billion over the next five years and create employment for 25,000 people,” principal secretary of science and technology Mona Khandhar said.


A statement issued by the government said that the policy, inspired by the legacy of the father of the Indian space programme, Vikram Sarabhai, seeks to “foster innovation, attract investment, and drive private sector participation in India’s rapidly growing space economy.”

Also Read: India plans space sector boost in global market

It supports the full range of space sector activities, including satellite payload manufacturing, communication and propulsion systems, ground stations, satellite control centres, and space-based application design, it added.

“The SpaceTech Policy offers comprehensive fiscal and non-fiscal incentives to support the entire spectrum of space sector activities, including satellite payload and component manufacturing, communication and propulsion systems, ground stations, satellite control centres, and space-based application design. To further strengthen the ecosystem, the state government will establish a Centre of Excellence in Space Technologies to promote skill development, research, and innovation,” the statement further read.


In collaboration with the Indian National Space Promotion and Authorisation Centre (IN-SPACe) and the department of space, Gujarat plans to develop a dedicated space manufacturing park equipped with state-of-the-art infrastructure and common technical facilities, as per the policy.

Also read: Catapulting India into global space leadership

The policy aligns with the Government of India’s Indian Space Policy 2023 and recent reforms enabling Foreign Direct Investment (FDI) and private sector engagement in space activities. It also complements Gujarat’s existing policies for electronics, semiconductors, IT/ITeS, and Global Capability Centres (GCCs), reinforcing the state’s role in high-tech manufacturing and leveraging India’s space achievements like Chandrayaan, Mangalyaan, and SpaDeX.

Read more news like this on HindustanTimes.com

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[Krishna with Flute]

Don't want to rain on your parade but didn't the Tata-SIA JV airline (Vistara) fold up recently? They had 70 aircraft in their fleet.

Seems every industrialist in India (including that scumbag Adani) has 'big plans' which is typical. Those "big plans" are mostly "vote-getter plans" which often don't materialize.

With the size and corruption in India - all that "big" industrialists in India tend to do is commit massive acts of fraud and run away. Witness Sahara, Vijay Mallya et al.

Gareebon ka huq lootnewalla scum.

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

 

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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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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)
India, the world's 4th largest automobile market, is undergoing a
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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.

 

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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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