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Amrit Kaal Vision Amrit Kaal Vision
Indian Insights Indian Insights
Budget 2024 Updates Budget 2024 Updates
Amrit Kaal Vision

The journey from 2022 till 2047 is being referred to as the ‘Amrit Kaal,’ a term primarily coined by Hon Prime Minister Shri Narendra Modi. Amrit Kaal is the period to attain the resolutions for ‘AatmaNirbhar Bharat.’ Therefore, the action plan for the next 25 years shall focus solely on the vision for India in 2047.

~$32+ Tn
~$20,000
$6 Tn
1.1+ Bn
Economy
Per Capita Income (@1.6 Bn population)
Exports (~10% of global exports)
Working-age population, ~largest & youngest population across top economies
~$32+ Tn
Economy
~$20,000
Per Capita Income (@1.6 Bn population)
$6 Tn
Exports (~10% of global exports)
1.1+ Bn
Working-age population, ~largest & youngest population across top economies
Indian Insights

The dynamic economic landscape of India, where innovation, diversity, and growth intersect to shape a compelling narrative of progress and opportunity. 

7%
$3.89 Tn
$16,02,000
$2,07,000
Projected GDP Growth
GDP (5th largest in the world)
GDP PPP (3rd largest in the world)
Per Capita Income (doubled in the last decade)
7%
Projected GDP Growth
$3.89 Tn
GDP (5th largest in the world)
$16,02,000
GDP PPP (3rd largest in the world)
$2,07,000
Per Capita Income (doubled in the last decade)
Budget 2024 Updates

The interim budget contains a number of announcements and strategies indicating the approach for making India a Viksit Bharat by 2047

3.4%
10,000,000
INR 1 Tn
100 MT
INR 2,352 Cr
Of the GDP: India’s outlay for capital expenditure
Households to benefit from the rooftop solarisation scheme
Corpus to boost private investment in sunrise technologies
Coal gasification and liquefaction capacity by 2030
Allocation for Blue Revolution
3.4%
Of the GDP: India’s outlay for capital expenditure
10,000,000
Households to benefit from the rooftop solarisation scheme
INR 1 Tn
Corpus to boost private investment in sunrise technologies
100 MT
Coal gasification and liquefaction capacity by 2030
INR 2,352 Cr
Allocation for Blue Revolution
transforming
indian sectors
Infrastructure
Green Energy
EV/Auto
Pharmaceuticals
ESDM
Food Processing
FII
Chemicals
Textiles
The Crucial Role of Infrastructure
Infrastructure is the lifeline of India's growth story, touching every aspect of daily life from transportation to energy, telecommunications, water supply, and more. It serves as the bedrock upon which businesses thrive, goods move, and communities connect. Recognizing its pivotal role, the Indian government has been actively prioritizing infrastructure development through a series of targeted policies and initiatives.
$294 Bn
$294 Bn investment expected from pvt sector (21% of NIP during 2019-2025)
$72 Bn
$72 Bn of public assets to be monetized (2022-2025)
$1.7 Tn
$1.7 Tn anticipated investment outlay between 2024-30
India is the world's 3rd largest energy consumer
India is the world's 3rd largest energy consumer. Over the past decade, India has made significant strides in diversifying its energy mix, gradually reducing its reliance on conventional fossil fuels. India’s installed non-fossil fuel capacity has significantly increased in the last decade years and stands at 186 GW non-fossil fuel installed capacity, over 40% of the country’s total capacity.
500 GW
India’s non-fossil fuel energy capacity by 2030
45%
Reduction in GDP emission intensity by 2030 from 2005 levels
2070
India’s target to be a net-zero economy
Electric Vehicle / Automobile
India’s EV and automotive sector is poised for transformative growth, driven by innovation, government incentives, and rising consumer demand. As the fourth-largest automotive market globally, India is advancing towards sustainable mobility with initiatives like the FAME scheme and Production-Linked Incentives (PLI). The sector offers immense opportunities across EV manufacturing, battery production, and charging infrastructure. With robust domestic demand and export potential, India’s auto sector is a key driver of industrial growth and green transformation.
16 Mn
2-wheeler EVs by 2030, at 45.5% CAGR of India’s EV sector
2030
India’s EV target by 2030, 30% of private cars, 70% of commercial cars, 70% of buses, and 100% of two- and three-wheelers
4,4,000
Public EV chargers required to support India’s growing EV industry
Pharmaceuticals
India is known as the “Pharmacy of the World." With a robust manufacturing base, skilled workforce, and cost efficiency, it supplies over 50% of global vaccine demand and 40% of generic drugs to the U.S. market. Government initiatives like the PLI scheme and investments in R&D foster innovation and growth. The sector offers significant opportunities in generics, biosimilars, and emerging markets, driving global healthcare and economic resilience.
2x
The projected growth of India's pharma sector, reaching $130 Bn by 2030
#3
In drug and pharmaceutical production by volume
~200
Countries and territories where India exports drugs and pharmaceuticals
Electronics System Design and Manufacturing (ESDM)
India’s Electronics System Design and Manufacturing (ESDM) sector is a dynamic growth driver, fueled by rising domestic demand, a skilled workforce, and government initiatives like the Production Linked Incentive (PLI) schemes. India is attracting investments in semiconductors, consumer electronics, and IoT devices as a global manufacturing hub. Policies supporting innovation, R&D, and export competitiveness position the sector for rapid expansion. With vast market potential, India’s ESDM ecosystem offers lucrative opportunities for investors in the digital age.
$500 Bn
Size of India’s electronics manufacturing industry by 2030
$240 Bn
India’s electronics export by FY26
2.8x
Growth of India’s semiconductor market, reaching $109 Bn by 2030
Food Processing
India's food processing sector is a dynamic and rapidly growing industry, driven by increasing urbanisation, rising disposable incomes, and changing consumer preferences. The government's focus on food security and value addition has led to significant investments in the sector. India's diverse agricultural produce and its large population create a huge market for processed food products. The sector offers promising opportunities for investors seeking to capitalise on the growing demand for processed and packaged food products.
15% CAGR
Growth of India’s food market by 2025-26, reaching $535 Bn
5.35% AAGR
Of the food processing sector during 2015-23
Foreign Institutional Investment (FII)
India’s Foreign Institutional Investment (FII) landscape offers immense opportunities driven by robust economic growth, a thriving capital market, and investor-friendly reforms. With strong macroeconomic fundamentals and a focus on financial inclusion, India has become a preferred destination for global investors. Policies enabling ease of investment and progressive regulatory frameworks ensure transparency and stability. As one of the fastest-growing economies, India’s equity and debt markets provide diverse avenues for international investors to participate in its growth story.
$387.16 Bn
Private equity flow during 2014-2023
#5
Largest economy by market capitalisation
Chemicals
India's chemicals sector is a vital industry that contributes significantly to the country's economy. It encompasses a wide range of products, including petrochemicals, agrochemicals, and speciality chemicals. The sector benefits from strong domestic demand, low-cost production, and a skilled workforce. Government initiatives like the "Make in India" campaign are further boosting the industry's growth. The sector offers promising opportunities for investors seeking exposure to a diverse and dynamic industry.
$300 Bn
Size of India’s chemicals and petrochemicals sector by 2025
#15
Largest exporter and 12th largest importer of chemicals in the world
#4
Largest producer of agrochemicals in the world
Textiles
India is among the top five producers, commanding 4% of the global trade in textiles and apparel, 23% of world cotton and 95% of handwoven fabric hail from India. With a 2.3% contribution to India's Gross Domestic Product (GDP) and being the second-largest employer, this sector holds strategic significance for India, playing a crucial role in trade, investment, and the sustenance of livelihoods for approximately 6.5 Mn cotton farmers.
$100 Bn
India’s textile exports by 2030
10% CAGR
Of India’s textile industry, reaching $350 Bn by 2030
$10 Bn
India’s export of technical textiles by 2030
Indian Facilities
Infrastructure Details
Greenfield Industrial Cities & its features
Industrial Corridors driving Industrial Efficiency
Healthcare
HDI/Human Resource
Tourism
Infrastructure
Greenfield Industrial Cities
Industrial Corridors
Healthcare
HDI/Human Resource
Tourism
Infrastructure Details
Greenfield Industrial Cities & its features
Industrial Corridors driving Industrial Efficiency
Healthcare
HDI/Human Resource
Tourism
2nd largest
Road Network Globally
2nd largest
Rail Network Globally
Port Handling
Capacity to be quadrupled by 2047
14.5%
CAGR of the Domestic aviation sector
39,000
Unnecessary compliances and 1,500 archaic laws removed to ensure EoDB
95+ minerals
India produces over 95 minerals, which include fuel, metallic, non-metallic, atomic and minor minerals (including building and other materials)
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4
Greenfield Industrial Smart Cities being developed
Key Features
Planned from Scratch; Holistic and integrated approach to infrastructure and urban planning; Plug-and-Play Efficiency; Focus on sustainability, business and Advanced Infrastructure
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11
National Industrial Corridors being developed
270
Operational Special Economic Zones
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4000+
Healthcare Startups
60%
Of global vaccine production
15%
CAGR of the Medtech industry
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34%
of the total STEM graduates in the world are from India
3rd highest
Number of journal articles in science and engineering
42nd
Rank in International IP Index 2024
28.7 years
Median age of the population
70.62 years
Average life expectancy
44 Indian Universities
Among the top 1000 in the World University Rankings 2024
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9.2+
Foreign tourists travelled to India in 2023
$28 Bn
Forex earned in 2023
42
World Heritage Sites
7100+
Daily Aircraft Movement from 33 international and 105 domestic airports
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sustainability & initiatives
Targets
Initiatives
Targets
1 Bn Tonnes
Reduction in carbon emissions by 2030
0 emissions
Achieve net zero emissions by 2070
Mission LiFE
Electric Vehicles
Sustainable Agriculture
Go Green
Initiatives
Mission LiFE

launched to nudge individual and community action to protect and preserve the environment.

Electric Vehicles

Promotion of the manufacturing and adoption of Electric Vehicles by providing subsidies to make them more affordable for consumers.

Sustainable Agriculture

Promotion of sustainable agriculture to ensure long-term food security, environmental well-being, and farmer livelihoods.

Go Green

Encouraging investments in green technologies and infrastructure projects through green bonds, investment products, regulatory measures and frameworks, and international collaborations.