India targets a US $30-35 trillion economy in next two decades, says industrialist Baba Kalyani

At the India Manufacturing Show in Bengaluru, industrialist Baba Kalyani announced that India aims to reach a US $30-35 trillion economy over the next 20 years, with manufacturing and innovation at the core of the transformation. He emphasised the shift from being an innovation-led economy to a “product nation”, stressing that Indian firms must design, own and manufacture at scale. The plan builds on government initiatives such as ‘Make in India’, MSME support schemes and infrastructure investments.