In the current rapidly evolving landscape, generative AI's technological advancements and geopolitical uncertainties have significant implications for the economy and growth. Amidst these challenges, India is mandated to drive innovation and secure sustainable growth.
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Driving growth with Economy and Growth trends
- India’s Strategic Edge
- AI skilling and capability building will determine India’s competitive edge
- ET NOW BFSI Leadership Summit 2025
- The Economic Times Vision Conclave on Viksit Bharat
- KPMG India seminar for Japanese clients
- Nation Building Is A Responsibility
- Earth Summit
We are operating in a global landscape defined by persistent uncertainty - geopolitical realignments, climate pressures, technological disruption and shifting capital flows. Within this environment, nations that can adapt, execute, and inspire confidence will shape the future. India is actively re-shaping its opportunities within this uncertainty - not reacting to it but leveraging it. By expanding market access, deepening regional and minilateral partnerships, and building agile trade frameworks, India is scaling manufacturing, accelerating frontier technologies and strengthening global supply-chain integration.
Training millions in AI and creating equitable access will be key to ensuring India remains competitive in the global digital economy. Even as India becomes one of the most consequential battlegrounds for AI investments globally, the success of billion-dollar commitments will hinge on the country’s ability to scale talent, build capabilities across sectors and ensure that the benefits of AI are broadly distributed.
- Sanjay Doshi
- Rohan Rao
NBFCs have consistently stepped in where traditional banking hesitated — from financing used vehicles in the 1990s to housing and MSMEs today - and that willingness to serve emerging segments has made them indispensable to India’s growth story. With MSMEs now at the heart of economic expansion, the outlook for NBFC-led credit remains positive and structurally strong.
We are witnessing a fundamental shift where domestic family offices and Indian investors are increasingly driving the growth of private capital. With larger fund sizes and deeper institutional participation, the real question now is not whether domestic capital can lead India’s growth story, but how quickly we can build the scale and confidence to make it the primary engine of long-term economic development.
- Nilachal Mishra
- Vivek Agarwal
Nilachal Mishra
Partner and Head, Government & Public Services (G&PS), National Leader - Government and Infrastructure
KPMG in India
A developed India by 2047 will be shaped by states that place people at the centre of their development agenda. Uttar Pradesh is demonstrating this through its long-term approach and the emphasis on shared progress. Inclusive growth is not just an outcome but the driver of the state’s 2047 vision. UP’s ambition is intentional and reflects the wider responsibility it carries, and its progress contributes directly to India’s broader journey towards Viksit Bharat.
Vivek Agarwal
Partner and Head - Public Infrastucture, Lead - Industrial and Infrastructure Development Advisory, Government and Public Services
KPMG in India
Uttar Pradesh’s push for future-ready infrastructure in transport, energy, and connectivity is directly aligned with its ambition of becoming a USD1 trillion economy by 2030. With the largest road network of over 8,400 kms, it's rapidly expanding its connectivity. It's also a power surplus state with focus on balancing the coal fleet modernisation with renewable energy generation.
With an aspiration to increase its share from 9% to 15% of national GDP, the state is well positioned to build a resilient, diversified, and globally competitive economy. The state is also actively working towards bridging the disparity across its many regions to be more inclusive and push broad based developments.
Japan and India have forged a relationship defined by mutual respect, forward looking ambition and a shared belief in the power of innovation. Japanese companies have contributed significantly to India’s growth, shaping industries, elevating quality standards and strengthening our global competitiveness. Our ambition is to expand this momentum by fostering deeper cooperation, creating new avenues for investment and technology exchange, and further strengthening the economic corridor between our two nations. By working collectively, we can unlock meaningful opportunities that support enduring growth and mutual prosperity.
Leaders are increasingly being judged by the impact they create on people, society, and the planet. We’ve seen many examples of this in India. Business leaders are driving large-scale skilling initiatives to prepare India’s youth for the future, investing in renewable energy to advance our net-zero ambitions, and creating platforms to support world-class art and cultural experiences.
Sidharth Ravishankar
Partner, C&O-FS
KPMG in India
Rural Finance & Credit Acceleration
Access to timely and well-priced credit is critical to propel the rural economy. Despite lender availability, structural challenges to borrower data, simplified processes, and last-mile delivery are limiting granular credit growth. With strong policy intent, alternative data points (household score, image-based patterns, satellite information), and digital infrastructure, we are well poised to make transformative changes to boost rural credit and consequentially accelerate the rural growth engine.
