India Forward: Shifting Horizons
S&P Global India Research Chapter’s latest report “India Forward: Shifting Horizons” highlights that India’s story is one of ambition, innovation and resilience. India’s outlook is being framed by the interplay of its domestic buffers and external challenges. India’s strategy for navigating unfolding global uncertainties will be decisive in shaping its path forward. Amid global market volatility, India’s growth is resilient and remains the world’s fastest-growing major economy, with its GDP forecast to continue growing 6.5% in fiscal 2025–26.
Atul Arya, Executive Sponsor of the India Research Chapter and the Chief Energy Strategist at S&P Global Commodity Insights said, “Frameworks that accelerate infrastructure development, promote inclusive reforms, foster private investments, diversify trade and build resilient supply chains can help India seize opportunities. This edition of India Forward shines light on multidimensional and multistakeholder approaches that will strengthen India’s growing claim as a global economic and geopolitical powerhouse, even as the horizons continue to shift.”
Some of the key findings of the report are:
India's growth performance with that of advanced economies shows that while past external shocks have caused short-term challenges for India, they have not derailed the country’s long-term growth trajectory.
India is likely to encourage more participation in global trade, which offers increasing gains in economic growth, capital attraction and to generate employment opportunities.
India’s private credit industry is poised for strong growth, driven by a significant financing gap left by traditional lenders and strengthened by domestic insolvency frameworks.
India aims to localize its nuclear value chain and use its vast thorium reserves to enhance domestic capacity building and technology transfer.
India has an opportunity to increase its share of the global shipbuilding market over the next decade.
India’s digital landscape is undergoing an unprecedented transformation, which is driving significant investments in digital infrastructure, such as data centers, and supporting the expanding digital economy.
While electric vehicles in India become more popular and viable, biofuels are vital for existing fleets, and green hydrogen is emerging for heavy-duty transport.
'India Forward' is prepared by S&P Global and Crisil’s cross-divisional India Research Chapter, an initiative of the S&P Global India Leadership Council. This Chapter provides distinct thought leadership on India by combining local expertise, global perspectives and its full suite of capabilities.
Download the 'India Forward: Shifting Horizons' here.
