Latest news with #structuralreforms
Yahoo
6 days ago
- Business
- Yahoo
Future of India - Forecast to 2035
Delray Beach, FL, July 31, 2025 (GLOBE NEWSWIRE) -- According to MarketsandMarkets™, "Future of India - Forecast to 2035" offers a comprehensive analysis of the mega trends propelling India's growth by 2035. It also includes an extensive coverage of growth opportunities in India, which is projected to be the world's third-largest economy by 2030. Download PDF Brochure@ By 2030, India is expected to solidify its position as the third-largest global economy, surpassing Japan and Germany. This sustained momentum is likely to be driven by demographic advantages and ongoing reforms, cementing India's position to achieve a USD 30 trillion growth trajectory by 2047. India's unmatched economic growth stands out globally, with the country consistently recording the fastest GDP expansion among major economies. India is projected to surpass Japan to become the fourth-largest economy by 2026. Even as global uncertainties and election cycles create short-term headwinds, upward revisions to past GDP figures highlight the underlying strength and resilience of India's economy. Strong macroeconomic fundamentals, demographic advantage, urbanization drive, expanding capital market, and a focus on structural reforms provide a credible foundation for this long-term growth trajectory. The massive economic growth of the country is expected to drive the expansion of several top industries, transforming its economic landscape. This report deep dives into top industries that are not only contributing to India's GDP growth but also positioning the country as a global economic powerhouse. Request Sample Pages@ Information Technology (IT) and Digital Services India is the world's third-largest and fastest-growing digital economy, expanding at 2.8x the pace of GDP growth and set to reach USD 1 trillion (20% of GDP) by FY2027. This industry is the backbone of India's economy, contributing significantly to GDP and exports. Growth is fueled by global demand for tech services, widespread digital adoption, and investments in advanced technologies like AI, 5G, and cloud computing. The Indian data center market is set to reach over USD 15 billion by 2030, growing at a CAGR of 15% during 2023-2030. Automobiles and Electric Vehicles (EVs) The automobile industry is transitioning toward electric and hybrid vehicles, supported by government incentives and rising consumer demand. By 2030, India's EV sales are projected to reach 1.1 million units for passenger vehicles, 104.5k for commercial vehicles (including buses), 13 million for electric two-wheelers, and 1.35 million for electric three-wheelers. The growth is likely to be driven by favorable policies, expanding charging infrastructure, growing consumer readiness, rising fuel costs, and sustainability goals. The auto components industry is also witnessing robust growth due to the shift to EVs and the Production-Linked Incentive (PLI) scheme. Inquire Before Buying@ Energy and Oil & Gas India is the third-largest producer of renewable energy globally, driven by ambitious government policies (such as the National Solar Mission), falling technology costs, and a national push toward sustainability. By 2030, the share of renewables in the total energy mix is projected to be nearly 20%, unlocking opportunities valued at USD 360 billion. India aims for 500 GW of renewable energy installed capacity by 2030, including a significant focus on solar power with a target of 292 GW. India's economic growth is not only expanding existing markets but also creating new ones, particularly in technology, clean energy, healthcare, and digital infrastructure. These trends are expected to continue, offering diverse opportunities for investment and employment across the country's top industries. The report delves into more than 10 such significant industries that are experiencing the most prominent expansion and offer substantial prospects for investors, entrepreneurs, and professionals. CONTACT: About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Rohan Salgarkar MarketsandMarkets™ INC. 1615 South Congress Ave. Suite 103, Delray Beach, FL 33445, USA: +1-888-600-6441 Email: sales@ Visit Our Website: in to access your portfolio
Free Malaysia Today
21-07-2025
- Business
- Free Malaysia Today
Ensure accountability in deals flagged by A-G, says TI-M
TI-M president Raymon Ram said the Auditor-General's Report must not be 'an annual ritual of regret' but followed by structural reforms. (Facebook pic) PETALING JAYA : Transparency International Malaysia (TI-M) has urged the government to ensure accountability after the Auditor-General's Report 2025 flagged issues involving several projects worth hundreds of millions of ringgit. TI-M president Raymon Ram said the report unveiled irregularities and systemic weaknesses in financial management and procurement oversight, necessitating structural reforms. Raymon said such issues were not new and had been repeatedly flagged by the audit department, but they had continued because of outdated procedures, weak oversight and a culture of impunity. 'Where is the accountability for all these lapses? 'The government must take a firm stance and hold the leadership accountable for discrepancies involving public funds. 'These recurring findings highlight institutional weaknesses that demand more than administrative corrections; they require structural reform,' he said in a statement. Raymon said the revelations further erode the confidence of Malaysians in public institutions. The A-G's report flagged serious issues on how more than RM460 million of government funds was spent on land deals, university tenders, and defence contracts between 2020 and 2024, naming Felcra Bhd, Universiti Kebangsaan Malaysia (UKM), and the army. He urged the Malaysian Anti-Corruption Commission and the police to initiate investigations into these issues to look into the possibility of fraud, abuse of power or negligence. He also called on the relevant government ministries, departments and agencies to disclose the remedial actions they would take within 30 days to show responsibility and ensure public confidence. The government must make it mandatory for independent third-party experts to be roped in to monitor high-risk procurements under 'integrity pacts', involving civil society and professionals from the private sector, he said. Raymon also urged Putrajaya to table a comprehensive public procurement law that outlines transparency standards, penalties for non-compliance and clear procurement dispute mechanisms. 'The A-G's report must not be an annual ritual of regret. 'It must serve as a catalyst for reform, one that rebuilds institutional integrity, ensures justice for wrongdoing and protects the interests of the rakyat,' he said.
Zawya
17-07-2025
- Business
- Zawya
Mauritius: African Development Bank Urges Bold Reforms to Unlock Capital and Accelerate Sustainable Growth in 2025 Report
The African Development Bank ( has urged Mauritius to accelerate structural reforms to unlock its vast capital potential and advance long-term, sustainable growth. The Bank made the call during the launch of its 2025 Country Focus Report for Mauritius, titled ' Making Mauritius' Capital Work Better for its Development.' The report notes that while Mauritius continues to post strong economic performance—recording real GDP growth of 4.9% in 2024, slightly down from 5% in 2023—structural constraints and external shocks continue to undermine the country's growth trajectory. Key growth drivers in 2024 included construction, financial services, trade, and tourism, with arrivals reaching 1.38 million, representing 97% of pre-pandemic levels. On the demand side, consumption and investment were the primary drivers of growth. Despite the persistent challenges, the report underscores Mauritius' significant untapped potential. In 2020, the island nation's total national wealth was estimated at over $96 billion—more than six times its GDP—comprising human, financial, natural, and produced capital. In addition, Mauritius' vast ocean economy resources, within its 2.3 million km² Exclusive Economic Zone, offer immense opportunities for developing a sustainable blue economy. Speaking at the launch event, Mahess Rawoteea, Deputy Financial Secretary at the Ministry of Finance, welcomed the recommendations in the report. 'We are confident that the structural reforms outlined in the 2025–2026 Budget Speech will unlock significant investments, particularly in renewable energy, and contribute to higher GDP growth,' he said. Rawoteea emphasized the central role of human capital in Mauritius' development, while acknowledging persistent challenges such as education quality, skills mismatches, low female labor participation, demographic shifts, and youth emigration. He announced the establishment of a Climate Finance Unit within the Ministry of Finance to help bridge the country's climate financing gap. 'Mauritius is undertaking institutional reforms to better mobilize domestic and foreign capital and promote sustainable development,' he added. 'We are streamlining processes, enhancing transparency, and improving the ease of doing business. Environmental protection, including addressing beach erosion, is also a key priority.' Rawoteea expressed appreciation for the African Development Bank's support, particularly in mobilizing investments in renewable energy and the ocean economy—two sectors identified as future growth pillars. In his keynote remarks, Prof. Kevin Urama, the Bank Group's Chief Economist and Vice President for Economic Governance and Knowledge Management, emphasized Africa's broader potential for transformation. 'If Africa commits to investing in its own development and managing its assets efficiently, it can reduce external dependency and harness its enormous capital for transformative growth,' he said. Urama cited weak tax administration and inefficiencies in revenue collection as major constraints to development, urging a fundamental rethink of public financial management across the continent. Wolassa Kumo, the Bank's Principal Country Economist for Mauritius presented an overview of the report. The launch event attracted senior government officials, development partners, private sector leaders, and civil society representatives. Among those in attendance were Hervé Lohoues, the Bank's Division Manager for the Country Economics Department covering Nigeria, East Africa and Southern Africa, and Nontle Kabanyane, the Bank's Principal Country Programme Officer, who moderated a panel discussion. The panel explored strategies for mobilizing domestic capital more effectively by strengthening institutions, improving regulatory frameworks, increasing transparency and accountability, and deepening regional trade integration. Panelists included: Dr. Zyaad Boodoo, Ministry of Environment, Solid Waste Management and Climate Change (natural capital), Mauritius? Mr. Sanjev Bhonoo, Principal Statistician, Statistics Mauritius (natural capital) Mr. Ricaud M. Auckbur, Chief Technical Officer, Ministry of Education and Human Resources (human capital), Mauritius? Ms. Zaahira Ebramjee, Head of National Economic Collaboration, Business Mauritius (business capital) Mr. Vikram Ramful, Head of Listing, Stock Exchange of Mauritius (financial capital) Click here ( to download the report. Distributed by APO Group on behalf of African Development Bank Group (AfDB). About the African Development Bank Group: The African Development Bank Group is Africa's leading development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). Represented in 41 African countries, with an external office in Japan, the Bank contributes to the economic development and social progress of its 54 regional member countries. For more information:
Bloomberg
10-07-2025
- Business
- Bloomberg
Pimco Sees Japan Wooing Capital as Tariffs Spur Diversification
Japan has emerged as a prime destination for global investors as the trade war triggers a reassessment of capital flows into the US, according to Pacific Investment Management Co. The Asian nation is drawing inflows that seek to benefit from 'once-in-a-generation structural reforms ' in equities and rising rates in fixed income after decades of monetary stimulus, according to Ben Ferguson, co-head of Pimco in Japan. US President Donald Trump's policy announcements have been 'disruptive' and the latest tariff announcements 'highlight the need to, at least consider diversification,' he added.
Yahoo
02-07-2025
- Business
- Yahoo
Brussels backs World Economic Forum's push to tackle Europe's decline
The European Commission has thrown its support behind a new effort to foster ideas designed to boost the EU's economic competitiveness on Tuesday, joining business leaders and experts at the launch of a new initiative coordinated by the World Economic Forum. The project, Leaders for European Growth and Competitiveness, aims to drive structural reforms across four key areas: clean energy and industry, emerging technologies, financial markets and international partnerships. It builds on discussions held in Davos earlier this year, but Tuesday's event in Brussels marked a more concrete step toward shaping policy. The initiative aims to gather stakeholders in workshops to propose concrete solutions with the hope that these lead to tangible reforms at EU level. The initiative is backed by several senior EU figures, including Commission President Ursula von der Leyen, European Parliament President Roberta Metsola and Council President António Costa, who hosted or participated in sessions throughout the day. Each of the initiative's four pillars is co-chaired by a European Commissioner. Wopke Hoekstra, Commissioner for Climate, Net Zero and Clean Growth, is leading a pillar on clean and competitive industry and energy. Henna Virkkunen, Executive Vice-President for Tech Sovereignty, Security and Democracy, oversees the workstream on emerging technologies, focused on strengthening Europe's position in areas like AI and digital infrastructure. Maria Luís Albuquerque, Commissioner for Financial Services, co-chairs the pillar on financial markets, which aims to deepen capital market integration and mobilise private savings for investment, while Jozef Síkela, Commissioner for International Partnerships, leads the work on strategic alliances, targeting new trade and investment ties to secure supply chains and critical raw materials. While the World Economic Forum, mostly known for its annual Davos gathering, is facilitating the process, the initiative is closely aligned with the Commission's own priorities, including its Competitiveness Agenda and plans for a Savings and Investment Union. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
