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India Inc.'s $2 tn EV to AI opportunity

Mint Mumbai

|

June 20, 2025

Indian companies could emerge as major players in shaping the global economy over the next decade, with 18 high-potential sectors poised to generate $1.7-2 trillion in revenue by 2030, up from $690 billion in 2023, according to a new report by McKinsey and Co.

- RHIK KUNDU

India Inc.'s $2 tn EV to AI opportunity

Collectively, these sectors—which include electric vehicles and batteries, artificial intelligence (AI) software and services, and e-commerce—could contribute nearly 30% of India's GDP by 2040, the report said.

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EU halts GSP export benefits; ‘Chips require long-term plan’

The European Union (EU) has suspended export benefits to sectors such as textiles and plastics under a preferential scheme for India and two other countries from 1 January, a move that will impact the country’s shipment to the 27-nation bloc.

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Pet care startups eye users to compete with FMCG giants

Direct-to-consumer (D2C) pet care brands are leaning on subscription models to lock in customers, betting that repeat purchases can help them counter the scale and distribution advantage of India's largest packaged consumer goods players as the niche segment heats up.

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IT majors face weak FY26 despite Q3 earnings beats

Four top IT services firms are heading into Q4 with weaker full-year trajectories than last year

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Here's how to build an education fund in a high-inflation economy

With education inflation running at 10-12% annually, far outpacing CPI, parents must rethink savings strategies

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