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

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

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.