Winning Bizness Economic Desk

The country’s GDP can grow up to USD 25-30-trillion in the next 20-to-30-years, a top Indian industrialist said.

“I think that the Indian opportunity—we stand at about USD 4.5-trillion of GDP in a USD 110-trillion world. I like seeing us outgrowing the world and finding our right place. I am one of those believers who think that this, in a 20-30-years period, will outgrow the rest of the world, and we will hit USD 25-30-trillion,” Reliance Industries Chairman Mr Mukesh Ambani said.

Speaking at a JioBlackrock event in the western coastal city of Mumbai, Mr Ambani said that the country’s ability to execute large-scale projects is a key factor behind its growth, citing developments in road infrastructure, telecommunications and other sectors.

Sustainable and consistent policy frameworks have further bolstered India’s economic foundation and that India was drawing global attention due to its strong economic performance, stable leadership and consistent policy execution, Mr Ambani pointed out.

There is an old Indian saying, “a tree only attracts attention if it bears fruits,” and today in this new era, as you described it, India and the tree of the Indian economy is bearing fruit with great visibility, sustainability and abundance,” the Reliance Industries Chairman said.

Blackrock CEO Mr Larry Fink said that the next 20-25-years would be the era of India, which would grow at 8-to-10 per cent over the next decade or so.

“This is an era of India over the next 20-25-years, The era of India, the key for us, the key for Jio Blackrock is to compel more people to understand what does that mean, the era of India and how do you participate in it,” he said, emphasising the need for more Indians to participate alongside the country’s growth story.

Terai Tea Industry Under Strain, Says TBITA Chairman

The Terai tea industry continues to face severe financial and operational stress despite only a small increase in tea production, the Chairman of the Terai branch of the India Tea Association, Mr Debajyoti Mallik, said.

The financial and operational stress us primarily due to erratic weather, pest infestation, sliding auction prices and delayed subsidies, he observed.

Addressing the 64th Annual General Meeting of the TBITA held in Siliguri (Assam) recently, Mr Mallik said that the all-India tea production stood at 1,290-million kilogrammes as of November 2025, marking an increase of 17.63-million kilogrammes (1.38 per cent) as compared to the same period last year.

“The Terai region recorded a production of 163.33-million kilogrammes, marginally higher by 1.83 per cent over 2024. However, a severe pest infestation and erratic climatic conditions adversely affected the first and second flush, limiting the overall gains, Mr Mallik said.

According to the TBITA Chairman, the average price realised at the Siliguri Tea Auction centre (Sale 1-52) in 2025 slid southward steeply to Rs 169 per kilogram, a decline of 20 per kilogram, as compared to 2024.

Although the total volume of tea offered at STAC increased to 65.85-million kilogram from 59.67-million kilogram in 2024, Mr Mallik described 2025 as “yet another challenging year for the industry, citing unpredictable weather widespread pest attacks, severe tea bush decreases and a highly depressed market scenario both domestically and internationally.

Expressing concern over stagnant demand, Mr Mallik also flagged serious financial stress in several Terai tea gardens due to production shortfalls and delays in the disbursement of approved subsidies under Tea Board schemes.

“Pending subsidy claims have severely strained cash flows and hampered essential field and factory development. We urge the Tea Board to allocate special funds to clear these dues at the earliest,” Mr Mallik said.

Adani Group, Italian Co Tie-Up to Set Up Helicopter Manufacturing Eco-System in India

The blue-chip conglomerate Adani Group and Italian company Leonardo have announced a strategic partnership to establish an integrated helicopter manufacturing eco-system in India as the diversified group strengthens its presence in the high-growth potential aerospace sector.

Here, it must be pointed out that just a few days ago, the Adani group entered into a tie-up with Embraer of Brazil to manufacture a commercial flight factory in the country.

Adani Defence &Aerospace and Leonardo have inked a Memorandum of Understanding (MoU) for the partnership at an event in Delhi.

The partnership will target the Indian armed forces’ requirements, particularly for Leonardo’s advanced AW 169 and AW 109 Trekker M helicopters.

“The collaboration will deliver phased indigenisation robust Maintenance, Repair and Overhaul (MRO) capabilities and comprehensive pilot training,” a statement issued said.

What needs to be highlighted here is that this is a significant boost for the `Make in India’ efforts and to make the country more self-reliant.

India presently has a low helicopter penetration density of less than 250 helicopters for the country’s population and the country will need around 100 helicopters annually for the next ten-years.

Adani defence & Aerospace Director Mr Jeet Adani said that it was laying the foundation for an aviation eco-system that serves the nation across civil and defence needs.

According to Mr Adani the partnership with Leonardo was rooted not only in shared expertise but also inn shared purpose.

The Adani company’s CEO Mr Ashish Rajvanshi said that with the Indian armed forces projecting demand for over 1,000 helicopters in the coming decade, this partnership realised the vision for sovereign manufacturing.

The global helicopter market is expected to be worth USD 100-billion by 2033.

Mr Rajvanshi said that the country’s helicopter market offered a robust growth opportunity across defence, civil and commercial segment. Presently, the country’s market counts for only two per cent of the global market.

It is projected to climb northward to USD 2.88-billion by 2032 from USD 1.58-billion in 2024. Leonardo Helicopters Managing Director Mr Gia Piero Cutillo said that India was a big market and that the country’s armed forces had an increasing requirement for helicopters.

Healthy Increase in Two-Wheeler Sales to Lift Helmet Market

India’s two-wheeler industry is gearing-up for strong growth in FY 26 with domestic sales projected to climb northward 8-to-10 per cent, aided by recent personal Income Tax relief and GST reductions on motor-cycles and scooters up to 350 cc, according to a CareEdge report.

The expected rebound in entry-level and commuter segments is also set to create ripple effects across the helmet market, which is witnessing a rising demand driven by safety awareness and regulatory support.

The two-wheeler segment continues to dominate India’s automobile landscape, accounting for nearly 77 per cent of total domestic vehicle sales.

After registering a 7.7 per cement increase in FY 25 over the previous year supported by new launches, promotional schemes and improved rural sentiment, the sector is now entering another expansion phase.

The domestic two-wheeler sales are projected to grow at a compounded annual rate of 8-to-10 per cent through FY 27, translating into a post-pandemic CAGR of around 11-to-13 per cent between FY 21 and FY 27.

The rural and semi-urban markets are expected to propel the next phase of growth as urban centres approach saturation. Strong harvest pay-outs, festive demand and better financing access are likely to support purchases in hinterland regions.

Electric two-wheelers (W2Ws) are also emerging as a major growth lever. This expanding vehicle base is directly benefiting the helmet industry.

The domestic helmet market is projected to expand at an8.7 per cent CAGR in volume through FY 27.

Rising disposable incomes and a shift in consumer preference toward premium, feature-ich helmets and a huge growth in high-performance biking and leisure riding are also strongly fuelling interest in advanced helmets.

Additionally, policy support from the government is adding momentum while regulators are also tightening enforcement.