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India is becoming a key hub for global companies. Beyond major cities, Tier II locations are attracting businesses for cost savings and talent. This trend is reshaping office space demand. Global Capability Centers are adding significant office space. Bengaluru and Hyderabad lead in GCC operations. India's evolving business landscape offers resilience and scalability for multinational corporations.
Indian car sales are set for steady growth in the fiscal year 2026-27. Passenger vehicles are expected to expand by 4-6 percent. Two-wheelers will see a 3-5 percent increase. Commercial vehicles are projected for 4-6 percent growth. This follows a strong recovery in the current fiscal year. Future trends include rising electric vehicle adoption.
Major global financial institutions like Sumitomo Mitsui and Julius Baer are expanding their presence in India by establishing global capability centers. These centers will hire over 1,000 individuals collectively this year, focusing on technology, risk, and operations.
India's ambitious Great Nicobar infrastructure project has received a green light. This mega project, centered around a new transshipment port, aims to boost India's role in global shipping. It will reduce reliance on foreign ports and strengthen India's strategic presence near vital sea lanes.
Eli Lilly aims to establish India as a key hub for its global supply chain. The company plans to export drugs manufactured locally in India to markets worldwide. This initiative is part of its significant investment in contract manufacturing within the country.
Carrier Air Conditioning & Refrigeration is launching a state-of-the-art air-conditioning manufacturing plant in Sri City, Andhra Pradesh with an investment of Rs 1,000 crore. The event will generate 3,000 jobs and will focus on sustainable and energy-efficient cooling solutions.
The changes, introduced through the All India Tourist Vehicles (Permit) Amendment Rules, 2026 issued on Monday, will be effective from 1st day of April, 2026. The move is aimed at curbing misuse of permits, enhancing passenger safety and ensuring toll compliance.
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