India

• [New] The fintech market in India is expected to reach INR 6,207.41 billion by 2025, expanding at a compound annual growth rate of 22.70% during the 2020-2025 period from a valuation of INR 1,920.16 billion in 2019.
• [New] The Cotton Association of India on Monday projected the total production of cotton at 356 lakh bales for the crop year 2020-21, which is 4 lakh bales less than the year ago period.
• [New] The Asia-Pacific region is expected to continue to be the key growth area, drawing $35.4 billion in revenues by 2026, with India and China contributing the maximum revenue.
• [New] India and Spain are likely to lead the growth in advertising spend in video entertainment through 2022..
• [New] India and Spain to lead adspend growth through 2022, says Zenith's Business Intelligence - Video Entertainment report.
• [New] The market size of the chemical sector in India for the year 2018-19 is estimated to be US$ 178 billion, which is expected to reach US$ 304 billion by 2024-25 at annual growth rate of 9.3%.
• India is well on its way to achieving its Paris Agreement targets, which include reducing emissions intensity by 33% to 35% of its Gross Domestic Product by 2030 from 2005 levels and achieving 40% of installed capacity from non-fossil fuel sources by 2030.
• Asia's gas demand is growing by an average of nearly 3% a year over the next two decades with gas demand expected to double in China and India by 2040, as current low prices boost pro-gas policies.
• In the last five years, online commerce has played a significant role in terms of broadening opportunities for international brands in India.
• Next year, we expect renewables capacity additions to jump 10% - the fastest growth since 2015 - led by India and the European Union.
• By 2030 India had the third largest economy in the world and had overtaken China as the country with the biggest population.
• India has raised its goal to install 450 gigawatts of renewable energy by 2030, double the goal it set in Paris for 175 gigawatts in 2022.
• Coal - fired power is seen peaking in China in 2027 and India in 2030 and will reduce to 12% of global electricity generation in 2050.
• India has majority of its population below the age of 25, a number that will look for jobs for the next decade.
• India is the third-largest and the fastest-growing aviation market in terms of domestic aviation and that Indian carriers are projected to increase their fleet size from 600 to 1200 by 2024.
• CEO of the government policy think tank NITI Aayog, India has already installed 89 GW of renewable power capacity and will achieve Modi's 175 GW target as planned.
• A clash comes amid rising tensions between the two countries: India has accused China of sending thousands of troops into Ladakh's Galwan valley and says China occupies 38,000 sq km of its territory.
• India will be more than doubling its budget for infrastructure targeted at US$ 1.4 trillion over the next 6 years (note: target was set before the COVID crisis).
• The Government of India plans to increase the contribution of producing area to 25% of Gross Domestic Product with the aid of 2025, from the present-day degree of 16%.
• In the next 30 years, India and ASEAN will be the main drivers of demand growth rather than China.
• Oil demand is expected to continue growing in developing economies such as China and India, leading overall global oil demand to recover to pre-pandemic levels in 2023 in the Stated Policies Scenario.
• Imports to India barely return to pre-Covid levels over the coming decade as most of the projected growth in coal demand is met by a rise in domestic production.

Last updated: 22 November 2020