Indian Economy News

March 21, 2025

Indian 5G users to grow to 770 million by 2028, average data use at 40 Gigabytes (GB): Nokia

India’s 5G subscriber base is set to grow 2.65 times to 770 million by 2028, driven by Fixed Wireless Access adoption, rising data consumption, and rapid smartphone penetration. 

India’s MSMEs in IT sector to play a key role in achieving ambitious Rs. 38,84,400 crore (US$ 450 billion) services export target: Union Minister of Commerce and Industry, Mr. Piyush Goyal

Union Minister of Commerce and Industry, Mr. Piyush Goyal, highlighted MSMEs' growing role in IT, tourism, and financial services, boosting exports and jobs, with IT services exports expected to reach US$ 450 billion in FY26.

India preferred partner in the global tech ecosystem: President of NASSCOM, Mr. Rajesh Nambiar

India’s Information Technology (IT) industry is set to surpass US$ 300 billion by FY26, with a US$ 1 trillion digital economy by 2030, driven by a deep Science, Technology, Engineering, and Mathematics (STEM) talent pool and tech innovation.

India's 'AI for All' mantra backed by concrete action: Union Minister of State for Commerce and Industry and Electronics & Information Technology, Mr. Jitin Prasada

India leads in Artificial intelligence (AI) skill penetration and digital innovation, driving global AI advancements through Research & Development, skill development, and a thriving tech ecosystem.

Department for Promotion of Industry and Internal Trade (DPIIT) and Kyndryl partner to drive innovation in India’s manufacturing and information technology (IT) startup ecosystem

The Department for Promotion of Industry and Internal Trade (DPIIT) and Kyndryl partner to boost India’s startup ecosystem, leveraging Artificial Intelligence and digital transformation to drive innovation across key industries and global markets.

Government measures to increase Ethanol Blending beyond 20%

India advances its ethanol blending target to 20% by FY26, achieving 17.98% blending in FY25, driven by policy support and diversified biofuel feedstocks.

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