India’s Economy on the Rise: From Electronics Surge to Retail Boom by 2030

India's economy is experiencing significant growth, driven by advancements in electronics manufacturing, retail expansion, tax reforms, and new trade agreements, positioning the country as a key global economic player

The electronics sector has seen remarkable progress, with production increasing six-fold and exports rising significantly Government policies like the PLI Scheme have played a crucial role, creating millions of jobs and reducing import dependence.

Despite India's overall economic success, Bihar remains one of the regions with the lowest per capita income, attributed to low industrialization The government is investing in projects to diversify Bihar's economy and improve rural livelihoods.

Finance Minister Nirmala Sitharaman announced upcoming GST reforms aimed at simplifying tax structures, providing relief to farmers and small businesses, and enhancing ease of doing business through digital solutions

India and the Eurasian Economic Union (EAEU) have initiated formal negotiations for a Free Trade Agreement, which could significantly boost trade and investment opportunities for Indian businesses, especially MSMEs

The retail market in India is rapidly expanding, projected to nearly double by 2030 This growth is supported by technological adoption, increasing consumer spending, and the rise of quick commerce and online marketplaces.

With a thriving Direct-to-Consumer market and booming e-commerce sector, India is set to become the world's first major quick-commerce market, reshaping the retail landscape

As India continues its economic transformation, the nation is poised to become a global growth engine by 2030, contributing to global supply chains, job creation, and sustainable innovation-led growth