Summary:

According to McKinsey & Company, India's next great economic leap might be driven by 18 highimpact industries, accounting for up to 30% of additional GDP by 2040. These include nine globalfacing areas such as electric cars, semiconductors, artificial intelligence, robots, nuclear fission, and space, with EV demand predicted to increase 15-fold. The AI sector is expected to produce ₹1,21,422 crore by 2030, while nuclear capacity aspires for 100 GW by 2047. The space sector aims to capture 8% of the worldwide market by 2033. On the national level, nine industries prioritise self-sufficiency, including medical devices, biopharma, renewables, aircraft, and industrial electronics. Each industry requires specific policies, finance, and personnel strategies to accelerate India's transformation and global leadership.

Source: IBEF

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