India’s potential to contribute $500 bn to global economy by 2030

27 Aug 2021 CW Team

India has the potential to contribute $500 billion in annual economic impact to the global economy by 2030 and has the potential to become a global manufacturing hub.

A white paper published by Kearney published in partnership with the World Economic Forum (WEF) titled Shifting Global Value Chains: The India Opportunity said that there has been a large change across sectors within the manufacturing chain and supply chain paving the path for India to become a potential manufacturing hub.

According to the report, India has three key assets to capitalise on this unprecedented opportunity, the important domestic demand potential, the drive of the Indian government to encourage manufacturing, and a different demographic edge with a large working-age population.

These will place India in a significant position in the global value chains.

A growing manufacturing hub will also create extra benefits and help India to develop economic opportunities for nearly 100 million people in the coming decade. It will also assure an equal wealth distribution and hold its trade deficit burgeoning.

The five possible paths to reach the $500 billion objectives laid down in the white paper are coordination between the government, and private sector to create globally ambitious manufacturing companies, focus on building capabilities by workforce skilling innovation, quality, and sustainability.

It also includes reducing trade barriers to facilitate competitive global market access for Indian manufacturers, reducing cost compliance and setting manufacturing capacities, and concentrating infrastructure development on speed, cost, savings, and flexibility.

A thriving manufacturing sector could be the key building block for India's economic growth and prosperity in the following decade, said Viswanathan Rajendran, Partner at Kearney.

For India to become a global manufacturing hub, business and government leaders have to work collectively to understand ongoing disruptions and opportunities, and generate new strategies, said Francisco Betti, WEF's head of shaping the future of advanced manufacturing and production.

Image Source

Also read: PM Modi says Indian economy recovering at CII annual meet

India has the potential to contribute $500 billion in annual economic impact to the global economy by 2030 and has the potential to become a global manufacturing hub. A white paper published by Kearney published in partnership with the World Economic Forum (WEF) titled Shifting Global Value Chains: The India Opportunity said that there has been a large change across sectors within the manufacturing chain and supply chain paving the path for India to become a potential manufacturing hub. According to the report, India has three key assets to capitalise on this unprecedented opportunity, the important domestic demand potential, the drive of the Indian government to encourage manufacturing, and a different demographic edge with a large working-age population. These will place India in a significant position in the global value chains. A growing manufacturing hub will also create extra benefits and help India to develop economic opportunities for nearly 100 million people in the coming decade. It will also assure an equal wealth distribution and hold its trade deficit burgeoning. The five possible paths to reach the $500 billion objectives laid down in the white paper are coordination between the government, and private sector to create globally ambitious manufacturing companies, focus on building capabilities by workforce skilling innovation, quality, and sustainability. It also includes reducing trade barriers to facilitate competitive global market access for Indian manufacturers, reducing cost compliance and setting manufacturing capacities, and concentrating infrastructure development on speed, cost, savings, and flexibility. A thriving manufacturing sector could be the key building block for India's economic growth and prosperity in the following decade, said Viswanathan Rajendran, Partner at Kearney. For India to become a global manufacturing hub, business and government leaders have to work collectively to understand ongoing disruptions and opportunities, and generate new strategies, said Francisco Betti, WEF's head of shaping the future of advanced manufacturing and production. Image Source Also read: PM Modi says Indian economy recovering at CII annual meet

Infrastructure Transport

19 Dec 2025

Tripura Rail Survey Approved For Jirania–Bodhjung Link

The Ministry of Railways has approved a Final Location Survey (FLS) for a proposed new railway line between Jirania and Bodhjung Nagar in Tripura. The planned section will span 14 km and is estimated to cost around Rs 4.2 million, with the entire alignment located within West Tripura district. The approval marks a key step towards strengthening railway infrastructure and supporting industrial growth in the state. Bodhjung Nagar is Tripura’s principal industrial and commercial hub, developed mainly for resource-based industries such as rubber, bamboo and food processing. The proposed Jirania..

Infrastructure Transport

19 Dec 2025

MCF Raebareli Rolls Out Its 15,000th Passenger Coach

The Modern Coach Factory (MCF) in Raebareli, Uttar Pradesh, has reached a major production milestone with the manufacture of its 15,000th passenger coach on December 15, the Ministry of Railways said. During the current financial year 2025–26, the unit has produced a total of 1,310 coaches so far. Established in 2007 at Lalganj in Raebareli, MCF is among India’s most advanced passenger coach manufacturing facilities. Built at a cost of around Rs 31.92 billion, the factory has an installed annual capacity of 1,000 coaches and is located about 3 km from Lalganj on the Kanpur–Raebareli Roa..

Infrastructure Transport

19 Dec 2025

RVNL Wins Gandak River Rail Bridge Contract

Rail Vikas Nigam Limited (RVNL) has received a Letter of Award from North Eastern Railway for a major railway infrastructure project valued at Rs 1.65 billion. The contract relates to the construction of the substructure for a key railway bridge over the Gandak River. The bridge will be constructed between Paniyahwa and Valmikinagar stations as part of the doubling of the Gorakhpur Cantt–Valmikinagar railway section. Designed to enhance capacity and operational efficiency, the structure will comprise 14 spans of 61 metres each and will be supported by double D-type well foundations. The des..