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 will need as much as $21 trillion to achieve its climate goals and lift its population out of poverty. Last Week in ConTech
• [New] 2030 Renewable Energy Goal: India aims to produce 50% of its electricity from non-fossil sources by 2030, totaling around 500 GW. Ekam IAS Academy
• [New] India's manufacturing ecosystem is scaling rapidly, both supporting domestic solar deployment and creating export opportunities. Soleos Solar Energy Private Limited
• [New] In regions like India, heavy-energy-intensive industries such as steel, cement and aluminium present a ~20 GW open-access solar opportunity. Soleos Solar Energy Private Limited
• [New] Rapid solar capacity expansion in China, India, Japan, and Australia is creating a future wave of decommissioned panels that will fuel recycling demand. openpr
• [New] In a study by Sharma, Mahajan, & Garg (2024), solar waste in India is estimated to reach 6.64 million tonnes under a Business-As-Usual scenario due to early loss, while the regular loss scenario would generate 5.48 million tonnes by 2040. thestatesman.com
• [New] There is anticipation that India will strike a deal with the US and the EU by the end of the year, which is expected to elevate overall investment sentiments. Economic Times
• [New] As India and the U.S. inch towards finalizing a Bilateral Trade Agreement by the end of 2025, India's next quarterly growth numbers, due later in 2025, will provide a clearer picture of whether momentum in domestic activity can sustain the upward revision of its economic growth. Forbes
• [New] A company from India could compete with established global software players. Business Outreach
• [New] The ASW SWCs will enhance underwater domain awareness, Anti-Submarine Warfare, and Mine Laying capabilities of the Indian Navy. Guidely
• [New] The West's rush to phase out fossil fuels is creating vulnerabilities that China, India, and the Global South are exploiting, forging new trade alliances that sideline green economies. Energy News Beat
• India, the world's fifth-largest economy with a GDP of $4.2 trillion, is poised to surpass Japan and then Germany to become the third-largest economy globally by the early 2030s. United States Department of State
• India aims to build a $40 billion space economy by 2040, up from approximately $8 billion in 2023. Scribd
• India's SpaceTech sector has rapidly evolved into a leading global ecosystem, aiming for a $40 billion space economy by 2040, supported by significant policy reforms and private sector innovation. Scribd
• India's energy security remains a priority as it balances coal dependency with ambitious renewable energy goals, including the National Green Hydrogen Mission to produce five million tons of green hydrogen annually by 2030. United States Department of State
• India will draft a new Bilateral Investment Treaty text to enhance its investment framework. United States Department of State
• By emulating successful electronic-payment platforms in emerging markets like Brazil and India, policymakers could foster financial inclusion, boost government revenues, and stabilize public finances. Project Syndicate
• Establishing silicon recovery infrastructure will support a circular economy, strengthen domestic manufacturing, and align with India's Make in India, clean energy and sustainability goals. Swinburne University of Technology
• In the decade ahead, India's demographic advantage and consumption-driven model could propel it into the ranks of global economic leadership - a rising counterweight in an era defined by great-power competition. CEOWORLD Magazine
• The India-UK Comprehensive Economic and Trade Agreement is poised to create significant opportunities for India's seafood export sector. SeafoodNews

Last updated: 02 November 2025