India’s production and industrial development need to drive inclusive growth to create the projected 100 million new jobs by 2022. India’s government targets to have 25% of the South Asian nation’s GDP to come from manufacturing by 2025.
The population of India will be getting younger till 2040, according to Amitabh Kant, CEO of India’s major think tank NITI Aayog (National Institution for Transforming India), a government institution for catalysing economic development.
Kant was a key driver of the “Make in India”, Startup India, “Incredible India” and “God’s Own Country” initiatives that positioned India and Kerala State as leading manufacturing and tourism destinations.
More than one million people die in India every year as a result of breathing in toxic fumes, with estimated 3% of the country’s GDP being lost due to the levels of toxic smog.
Understanding India’s ambitious development goals, R&S Quantum visited New Delhi last year to talk to Indian partners in localized EV charger production. Spurred by support from Ukrainian and Indian governments, we aim to help reduce air pollution in India, create new jobs and help boost exports for both India and Ukraine.