Over the past few years, the Indian industry has experienced a noteworthy evolution, displaying a dynamic pivot towards innovation and the integration of technology. The nation has risen as a pivotal center for international enterprises, attributing its position to a proficient workforce, cost-efficient operations, and a facilitative governmental environment. India is rapidly establishing itself as a prominent participant on the global business stage, presenting avenues for B2B alliances and cooperative ventures.
Today, India is on the threshold of becoming a hugely potent economic growth engine. It has one of the most vibrant economies in the world, boasting an average GDP growth of 5.5% over the last 10 years. It is now home to the third-largest start-up ecosystem, while its tech services, digital, and manufacturing industries are rapidly evolving into highly competitive heavyweights.
Recently, the Indian government announced the discovery of a huge lithium deposit in the Jammu and Kashmir region in the northwest of the country. The deposit – India’s inaugural find of its kind – is estimated at 5.9 million tonnes equivalent to 5.7% of the world’s total reserves. This windfall will place India among the world’s largest producers of lithium.
In the aerospace sector as well, India has recently made its mark. On August 23rd, the country successfully achieved the lunar landing of its Chandrayaan-3 spacecraft (“lunar vehicle” in Sanskrit) on the moon’s South Pole, an area yet unexplored by the other three nations that have previously landed on the moon (the United States, Russia, and China). Following this resounding success, India is poised to embark on a new space venture by turning its gaze towards the Sun. In a few days, on September 2nd, the Indian Space Research Organisation (ISRO) will launch the Aditya-L1 mission.
