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Tiku: India's Economy Booming Despite Global Woes
14 Mar
Summary
- India is a bright economic spot amid global uncertainty.
- Domestic demand and a young population fuel long-term growth.
- Renewable energy is key, but China dominates supply chains.
Arvind Tiku, founder and chairman of AT Capital, described India as a bright economic spot amidst global uncertainty, speaking at the India Today Conclave 2026. He cited India's vast population, burgeoning domestic demand, and infrastructure needs as significant long-term growth factors. Tiku suggested that India's economy could reach $9 trillion if its per capita GDP doubles.
The energy transition is a critical focus for India, with renewable energy being the cheapest power source. Despite this, Tiku pointed out that China controls about 90% of the photovoltaic and battery industries, posing supply chain challenges for India. He urged for enhanced local manufacturing of solar panels and batteries to achieve self-reliance.
India is also exploring diverse energy options, including increased oil and gas exploration in areas like the Andaman Sea and Bombay High. Nuclear power is considered, but Tiku noted its long gestation periods and high investment costs. A balanced energy mix is advocated for India's long-term energy security.
In real estate, Tiku noted India's early stage of urbanization. He anticipates continued opportunities in housing due to the need for urban development and accommodation for 1.4 billion people. Policy support for accessible rental housing and overall affordability is deemed crucial for India's urban growth.
