New Delhi, 30 June (IANS). Indian companies can move rapidly with specific Indian capabilities in nine transforming sectors in the global region and collectively earning revenue between $ 588 billion to $ 738 billion by 2030. This information was given in a latest report by Management Consulting firm Macines and Company.
According to the report, it shows three and a half times an increase compared to 2023, which was judged between $ 164–206 billion. This engine of development is expected to come from nine regions, including e-commerce, semiconductor, cloud service, cyber security, electric vehicle and battery, Artificial Intelligence (AI) Software and Service, Space, Nuclear Physics and Robotics.
According to the report, revenue in e-commerce can reach $ 240–300 billion by $ 60-70 billion in 2023 to 2030. The share of e-commerce in total retail sales was 7-9 percent in 2022-23, which is estimated to increase by 15–17 percent by 2030. By 2030, its contribution to the total revenue of nine regions will be about 40 percent.
The report further states that in future there are good possibilities regarding the revenue of the semiconductor sector, especially when many Indian projects are starting in the region. Revenue of the semiconductor sector is expected to rise from $ 40-45 billion in 2023 to $ 100-120 billion by 2030.
The report stated that the revenue of emerging AI software is estimated to increase five to eight times in the next seven years. More than 77,000 organizations in India have already adopted Copylets, the trend of agent AI is increasing and AI-managed industrialization is accelerating automation. In addition, the revenue associated with the AI is estimated to increase between 2023 and 2030 to five times to increase to 70–80 billion due to data demand from AI to five times between 2023 and 2030.
According to the report, revenue is also expected to rise in the electric vehicle sector, which will increase by six to eight times to $ 40-60 billion by the end of the decade.
-IANS
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