India’s Electrical Equipment Industry Could Touch $235 Billion by 2035: McKinsey

May 21, 2026 4:08 PM

India’s Electrical Equipment Industry Could Touch $235 Billion by 2035: McKinsey

India’s electrical equipment industry could witness major expansion over the next decade, backed by rising domestic demand, rapid electrification, renewable energy adoption, and growing export opportunities, according to a new report by McKinsey & Company. The report, titled “Wired for Growth: India’s Electrical Equipment Opportunity”, stated that India’s domestic electrical equipment production could rise to between USD 195 billion and USD 235 billion by 2035, compared to nearly ...

India chemical market to grow 8–9% CAGR amid global pressures: mckinsey

March 17, 2026 4:18 PM

India chemical market to grow 8–9% CAGR amid global pressures: mckinsey

India’s chemical industry is expected to maintain strong growth momentum despite mounting global pressures, supported by structural advantages and emerging demand drivers. According to a recent report by McKinsey, the global chemicals sector has entered “a structurally different operating environment,” characterised by overcapacity, weak demand, and pricing pressures. These trends have begun to weigh on Indian companies as well, softening near-term performance. However, the outlook for I...