India is Set to Become $10 Trillion Economy by 2040
India is poised to take a historic leap, projected to become the world’s third-largest economy by 2040, driven by four transformative forces: Development, Diversification, Digitalisation, and Decarbonisation. These forces will guide India’s exceptional growth, enabling it to become a developed economy and a resilient, future-ready nation. The country’s economy is expected to expand at an…
Yash Sharma
Adani Opts for Arbitration in Bangladesh Dispute
Adani Power in India announced on Monday that it has opted for an international arbitration process to settle disputes over Bangladesh’s power supply payments. The company has been at odds with the Bangladesh Power Supply Board over pending payments for the electricity it supplies as part of the 2017 pact signed by both parties. “There…
Sumit
India to Triple the Size of its Rare Earth Program
India is set to triple the size of its rare earth plan to more than ₹7,000 crore ($788 million) as it races to establish domestic capacity in a sector dominated by China. The offer awaiting cabinet approval marks a significant shift from a previous $290 million strategy that aimed to secure electric vehicles, renewable energy,…
Vipin
India Considers $12 Billion Plan to Bailout Power Firms
India may offer a bailout of more than ₹1 trillion ($12 billion) for debt-laden state-run power distribution companies. To accept the funds, the state will be required to privatise its electric utilities and transfer managerial control, or keep control while listing them on a stock exchange, according to government officials and a Ministry of Power…
ABHYUDAYA MITTAL
India Greenlights $9B for Indigenous Defence Purchases
In a major move to modernise its armed forces, India’s Ministry of Defence cleared defence acquisition proposals worth approximately ₹79,000 crore (about $9 billion) on Thursday, October 23, 2025. The approvals were granted by the Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh. The sanctioned purchases are aimed at enhancing the capabilities of…
Himanshu
India’s Trade with the US Suffers 11.9% Export Decline
India’s merchandise exports to the US fell 11.93% to $5.46 billion in September due to Washington’s 50% tariff on Indian goods. Imports from the US rose 11.78% to $3.98 billion. From April to September FY26, exports to the US increased 13.37% to $45.82 billion, and imports grew 9% to $25.6 billion, as negotiations for a…
India to Enable Digital Payments via BiometricsÂ
India approved the payment method using fingerprint and facial recognition, effective October 8. The authentication will be complete using biometric data stored under the Government of India’s unique Identification system, Aadhaar, said sources familiar with the matter. The initiative follows recent transaction rules, as NPCI revised its limits guidelines in accordance with the RBI, which…
India-Australia Deepen Defence Ties for Indo-Pacific Stability
Australia recognises India’s rising capabilities in high-end defence manufacturing, signalling greater future cooperation with Indian defence firms. While Australia traditionally relied on Western systems, it now views India as a reliable partner in defence production. Defence Minister Rajnath Singh’s upcoming two-day visit to Australia, on October 9-10, highlights the expanding defence partnership, vital for stability…
Operational Excellence: India’s Next Global Contribution
As global companies streamline operations and reimagine scale, they’re turning to new blueprints for operational excellence and increasingly, their focus is on India. Long associated with back-end outsourcing, India is now offering something more strategic: a new generation of operations leadership. Shaped by an environment of tight margins and immense complexity, Indian operating models have…
Rubix Report flags a shift in Asia’s trade power balance.
As the global economic landscape transitions into the post-pandemic era and continues to be shaped by ongoing geopolitical shifts, Japan faces challenges such as stagnation, inflation, and rising trade tensions, particularly with the United States. Meanwhile, India is steadily climbing the economic ranks. The July 2025 Rubix Country Insights report forecasts that India will overtake…
