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 emerges as the fastest-growing country in Asia Pacific, expected to achieve 8-10% growth between 2026 and 2033, driven by rising disposable incomes, accelerating urbanization, and a deep cultural affinity for Ayurvedic and herbal formulations. Persistence Market Research
• [New] India aims to achieve 500 GW of renewable energy capacity by 2030, with solar power playing a central role in the energy transition. Law Prep Tutorial
• [New] The President of the United States, Donald Trump, announced that Reliance Industries Limited will be a key partner in a $300 billion oil refinery project in Texas, marking a major energy collaboration between India and the United States. Law Prep Tutorial
• [New] JSAT is looking to the Indian space sector for launch to complete its recently announced 36-satellite SAR constellation, which will be part of a Japanese Ministry of Defense initiative to support persistent monitoring for national security and disaster management. Via Satellite
• [New] India demonstrates exceptional biological potential with a projected 9.0% CAGR through 2035, driven by government biofertilizer promotion programs and farmer demand for sustainable solutions compatible with smallholder economic constraints. Persistence Market Research
• [New] The BioPharma SHAKTI strategy announced in Union Budget 2026-27 has the potential to transform India into a global hub for biologics and biosimilars. Legacy IAS Academy
• [New] Private Sector Growth: Aligns with India's ambition to grow its space economy to $44 billion by 2033 - State procurement creates new demand for Indian space startups. Legacy IAS Academy
• [New] India's aspirations to become a developed economy by 2047 will remain incomplete without a decisive improvement in its governance credibility. Legacy IAS Academy
• [New] The ongoing conflict in West Asia has exposed India's structural vulnerabilities in energy security and tested its doctrine of strategic autonomy. Legacy IAS Academy
• [New] India's electric vehicle transition is tied to a trade strategy that seeks 2030 adoption goals while managing reliance on imported battery cells, critical minerals, and advanced components. The Asia Cable
• [New] The European bloc has reached a trade deal with India earlier in 2026 that will remove or reduce tariffs on more than 90% of goods traded between the two after having concluded negotiations on a trade agreement with Indonesia last year. CNBC
• [New] India aims for a milestone with its Gaganyaan program, planning uncrewed test flights that could make it the fourth nation capable of independent human spaceflight. SciFiction - All Things Science Fiction & Beyond
• [New] India has huge potential in IoT across sectors like utilities, healthcare, and smart infrastructure. ETTelecom
• [New] With a projected GDP growth of 6.6% in 2026, India is riding a wave of tailwinds: a young and dynamic population, a rapidly expanding middle class, and massive government investment in infrastructure. Commons Capital
• [New] India has set a target of achieving 500 GW of non-fossil fuel capacity by 2030 and remains committed to reaching net zero emissions by 2070. Last Week in ConTech
• Regarding biotech & pharma manufacturing, OCT Therapies & Research will manufacture medicines in New Brunswick for export, including to India. JD Supra
• $1.9 B USD / $2.6 B CAD) Cameco (Canada) is selling to India's Department of Atomic Energy 22 million pounds of uranium between 2027-2035. JD Supra
• In countries that represent one-third of the global obesity population, which includes India, Turkey, Canada, Brazil, and China, off-patent semaglutide will become available in 2026. pharmexec
• The conflict in West Asia is threatening to disrupt the crude oil and gas supply chain of India and other countries of the world. Motoring Trends
• For pulses, Indian import policy and weather outcomes will be the main swing factors. Mirage News

Last updated: 29 March 2026