Manufacturing Set to Reach 20% of India’s GDP by 2030: Equirus

26 Nov 2025 CW Team

Equirus attributes this expansion to stronger integration into global supply chains, diversification away from China, and sustained policy support through initiatives such as the Production-Linked Incentive scheme, Gati Shakti and ongoing infrastructure expansion. Munish Aggarwal, Managing Director and Sector Lead – Industrials, said India has built a strong foundation for long-term industrial growth and is likely to see accelerated corporate capex, provided global trade tensions do not escalate.

Signs of this confidence are evident in capital markets. The BSE Industrials Index has outperformed the Sensex and key sectoral indices since July 2022. FY2025 marked a five-year high for industrial IPOs with 32 listings, raising Rs 663.2 billion compared with Rs 170 billion in FY2024. The momentum has continued into FY2026, with industrials accounting for nearly 40 per cent of IPO volumes so far.

M&A and private equity activity has also strengthened, reaching a five-year high of Rs 1,432.8 billion, up from Rs 508.2 billion in 2020 and Rs 807.3 billion in 2024. Aggarwal expects consolidation to drive the next phase of growth in sectors such as EVs, electronics and cement, while private equity interest is likely to remain strong in packaging, aerospace and defence.

The report highlights three industrial themes that offer the highest deal potential through 2030: aerospace and defence with rapid PE/VC growth; renewables, electric vehicles and battery technologies supported by PM E-DRIVE and PLI schemes; and automation, robotics and AI integration across manufacturing units, including smaller plants.

Aggarwal said these new-age industrial sectors will play a pivotal role in propelling India towards its target of becoming a USD 7.3 trillion economy by 2030.

India’s manufacturing sector is poised for a major shift, with its share of GDP projected to rise from 13 per cent in FY2025 to 20 per cent by FY2030, according to Equirus Capital’s latest Industrial Outlook Report. The study notes that India is transitioning from post-pandemic caution to one of the strongest investment-led industrial recoveries in recent decades.Equirus attributes this expansion to stronger integration into global supply chains, diversification away from China, and sustained policy support through initiatives such as the Production-Linked Incentive scheme, Gati Shakti and ongoing infrastructure expansion. Munish Aggarwal, Managing Director and Sector Lead – Industrials, said India has built a strong foundation for long-term industrial growth and is likely to see accelerated corporate capex, provided global trade tensions do not escalate.Signs of this confidence are evident in capital markets. The BSE Industrials Index has outperformed the Sensex and key sectoral indices since July 2022. FY2025 marked a five-year high for industrial IPOs with 32 listings, raising Rs 663.2 billion compared with Rs 170 billion in FY2024. The momentum has continued into FY2026, with industrials accounting for nearly 40 per cent of IPO volumes so far.M&A and private equity activity has also strengthened, reaching a five-year high of Rs 1,432.8 billion, up from Rs 508.2 billion in 2020 and Rs 807.3 billion in 2024. Aggarwal expects consolidation to drive the next phase of growth in sectors such as EVs, electronics and cement, while private equity interest is likely to remain strong in packaging, aerospace and defence.The report highlights three industrial themes that offer the highest deal potential through 2030: aerospace and defence with rapid PE/VC growth; renewables, electric vehicles and battery technologies supported by PM E-DRIVE and PLI schemes; and automation, robotics and AI integration across manufacturing units, including smaller plants.Aggarwal said these new-age industrial sectors will play a pivotal role in propelling India towards its target of becoming a USD 7.3 trillion economy by 2030.

Infrastructure Transport

26 Nov 2025

Mumbai Airport Sets New Record With 1,036 Daily Flights

Mumbai International Airport, operated jointly by the Adani Group and the Airports Authority of India (AAI), handled 1,036 air traffic movements (ATMs) on 21 November, surpassing its previous record of 1,032 earlier this month. The private airport operator, Mumbai International Airport Ltd (MIAL), attributed the increase largely to festive-season demand. On the day, the airport managed 520 arrivals and 516 departures. Of the total ATMs, 755 were domestic flights, while 281 were international services, reflecting strong demand across both travel segments. ..

Infrastructure Transport

26 Nov 2025

Hosur Airport Project Set To Drive Sharp Rise In Property Values

Property prices in Hosur, Tamil Nadu’s emerging industrial hub, are expected to rise by 25 to 40 per cent over the next two to three years as the town prepares for its upcoming airport. The Rs 190 billion airport project is designed to handle 30 million passengers annually. Speculative buying near Berigai and Bagalur in Shoolagiri taluk, Krishnagiri district, has already pushed land prices to between Rs 1,500 and Rs 3,500 per square foot. Dr Prashant Thakur, Executive Director and Head of Research & Advisory at ANAROCK Group, said property values across Krishnagiri district are likely to ap..

Infrastructure Transport

26 Nov 2025

India To Install Anti-Drone Systems At All Civil Airports

The Union Ministry of Home Affairs (MHA) and the Bureau of Civil Aviation Security (BCAS) have decided to deploy anti-drone systems across all major and minor civil airports, anticipating potential future war-like situations. The decision was taken at a recent joint meeting, officials said on Sunday. Initially, the plan will focus on key airports such as Delhi, Mumbai, Amritsar, Jammu and Srinagar. The move follows insights gained during ‘Operation Sindoor’, as well as global military escalations and the increasing use of drones in modern warfare. According to officials, the anti-drone s..