The lendingtech sector in India is anticipated to reach over one trillion U.S. dollars in 2030, growing at a compound annual growth rate (CAGR) of 22 percent during 2022 and 2030. The overall fintech market is estimated to grow to about 2.1 trillion dollars.
The statistic shows GDP in India from 1987 to 2024, with projections up until 2030. In 2024, GDP in India was at around 3.91 trillion U.S. dollars, and it is expected to reach six trillion by the end of the decade. See figures on India's economic growth here, and the Russian GDP for comparison. Historical development of the Indian economy In the 1950s and 1960s, the decision of the newly independent Indian government to adopt a mixed economy, adopting both elements of both capitalist and socialist systems, resulted in huge inefficiencies borne out of the culture of interventionism that was a direct result of the lackluster implementation of policy and failings within the system itself. The desire to move towards a Soviet style mass planning system failed to gain much momentum in the Indian case due to a number of hindrances, an unskilled workforce being one of many.When the government of the early 90’s saw the creation of small-scale industry in large numbers due to the removal of price controls, the economy started to bounce back, but with the collapse of the Soviet Union - India’s main trading partner - the hampering effects of socialist policy on the economy were exposed and it underwent a large-scale liberalization. By the turn of the 21st century, India was rapidly progressing towards a free-market economy. India’s development has continued and it now belongs to the BRICS group of fast developing economic powers, and the incumbent Modi administration has seen India's GDP double during its first decade in power.
The gross domestic product was valued at over 145 trillion Indian rupees in financial year 2020 in India. This was estimated to dip down to 143 trillion Indian rupees in financial year 2022. The decrease in the value of GDP in the financial years 2020 and 2021 seemed to be due to the coronavirus pandemic.
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India's Renewable Energy Market is set to grow from USD 24 Billion in 2024 to USD 37 Billion by 2030, with a 9% CAGR from 2025-30, driven by sustainable energy initiatives.
In the scenario, that India follows its current national goals, its gross domestic product (GDP) is estimated to decline by over three percent by 2030 and over nine percent by 2050. India is especially vulnerable to the impacts of climate change and the effect on GDP is estimated to be worse than the global average.
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In 2024, the India Construction Market reached $1.04 trillion, and is projected to surge to $2.13 trillion by 2030 due to government backed initiatives
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In 2023, the India Automotive Market reached a value of USD 113.83 Bn, and is projected to surge to USD 196.46 Bn by 2030 due to government initiatives
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India EV Charging Market valued at $787.3 Mn in 2024, and is projected to reach at $5695.6 Mn by 2030, due to rising government expenditure towards EVs.
The leading tech is anticipated to account for 60 percent of the total fintech market in India in 2030. It is followed by Insurtech and the payment segment each making up to over ten percent of the market size. The fintech market in the country is estimated to grow over two trillion U.S. dollars by 2030.
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Manufacturing Industries: NIC 2008: 2030: Manufacture of Man‐Made Fibres: Total Persons Engaged data was reported at 28,634.000 Person in 2017. This records an increase from the previous number of 27,196.000 Person for 2016. Manufacturing Industries: NIC 2008: 2030: Manufacture of Man‐Made Fibres: Total Persons Engaged data is updated yearly, averaging 25,254.000 Person from Mar 2009 (Median) to 2017, with 9 observations. The data reached an all-time high of 28,722.000 Person in 2014 and a record low of 19,303.000 Person in 2010. Manufacturing Industries: NIC 2008: 2030: Manufacture of Man‐Made Fibres: Total Persons Engaged data remains active status in CEIC and is reported by Central Statistics Office. The data is categorized under India Premium Database’s Mining and Manufacturing Sector – Table IN.BAE057: Manufacturing Industry: NIC 2008: 2030: Manufacture of Man‐Made Fibres.
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Market Size, Trends, Segmentation, and Future Outlook Across Key Sectors Base Year : 2024
Goal 11: Make cities and human settlements inclusive, safe, resilient, and sustainableHalf of humanity – 3.5 billion people – lives in cities today. By 2030, almost 60% of the world’s population will live in urban areas.828 million people live in slums today and the number keeps rising.The world’s cities occupy just 2% of the Earth’s land, but account for 60 – 80% of energy consumption and 75% of carbon emissions. Rapid urbanization is exerting pressure on fresh water supplies, sewage, the living environment, and public health. But the high density of cities can bring efficiency gains and technological innovation while reducing resource and energy consumption.Cities have the potential to either dissipate the distribution of energy or optimise their efficiency by reducing energy consumption and adopting green – energy systems. For instance, Rizhao, China has turned itself into a solar – powered city; in its central districts, 99% of households already use solar water heaters.68% of India’s total population lives in rural areas (2013-14).By 2030, India is expected to be home to 6 mega-cities with populations above 10 million. Currently 17% of India’s urban population lives in slums.This map layer is offered by Esri India, for ArcGIS Online subscribers, If you have any questions or comments, please let us know via content@esri.in.
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India’s ethoxylates market is expected to grow at over 8.05% CAGR from 2025 to 2030, supported by increasing industrial demand for sustainable surfactants and detergents.
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India Data Center Market size was valued at around USD 5.7 billion in 2024 and is projected to reach USD 12 billion by 2030 along with a CAGR of 13%.
In India Specialty Chemical Market, The chemical industry plays a vital role in the industrial development of a country. Industries like Automotive, aerospace, food, cosmetics, agriculture, manufacturing, and textile depend heavily on specialty chemicals.
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The Indian electric car market registered a sale of 19,778 units in 2023, which is expected to witness a CAGR of 56.0% during 2024–2030, to reach 430,603 units by 2030.
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In India Aluminium Market the Supply of primary aluminium is in excess as India is one of the largest producers of primary aluminium.
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Market Size, Trends, Segmentation, and Future Outlook Across Key Sectors Base Year : 2024
It was projected that in 2030, the export value of electronics from India would reach 250 billion U.S. dollars. It would be a huge increase in comparison with the year 2023. During the same year, the projected production value of electronics in the country would reach 500 billion dollars.
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In 2023, India Travel Insurance Market reached a value of USD 364.8 million, and it is projected to surge to USD 1005.9 million by 2030
The lendingtech sector in India is anticipated to reach over one trillion U.S. dollars in 2030, growing at a compound annual growth rate (CAGR) of 22 percent during 2022 and 2030. The overall fintech market is estimated to grow to about 2.1 trillion dollars.