{
  "id": 6597672,
  "title": "'India's new-age economy to triple to $300 bn'",
  "url": "https://urgent.news/2026/09/10/indias-new-age-economy-to-triple-to-300-bn",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-10T13:59:59.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/news/economy/indicators/indias-new-age-economy-to-triple-to-300-billion-by-fy31-redseer-report/articleshow/134013352.cms"
  },
  "original_language": "en",
  "account": "India's burgeoning new-age economy is on track to triple in size to a staggering USD 300 billion by 2030, as forecasted by Redseer Strategy Consultants in a recent report. This high-growth sector, powered by AI, knowledge capital, and digital innovation, is poised to rival the size of the country's IT services industry. Currently, domestic new-age companies generate USD 33 billion in revenue, but this is expected to soar to USD 100 billion by 2026 and then accelerate to an annual growth rate of 25 per cent, culminating in the USD 300-billion milestone by FY31.\n\nThe consumer goods, retail, and leisure sectors will continue to serve as the backbone of this expansion, surging at a steady 25 per cent annually to reach USD 150 billion by FY31 and constitute nearly half of the entire market. Simultaneously, emerging technology sectors such as TMT, artificial intelligence (AI), and advanced manufacturing are forecasted to experience accelerated growth at a rate of 26 per cent.\n\nDespite the remarkable growth projected, the report highlights that profitability remains concentrated, with the BFSI sector alone contributing 140 per cent of the FY25 profit pool. Without this dominant sector, the collective profit pool for other industries remains in the red, with a total profit pool of USD 5-10 billion (2 to 3 per cent margin) if India's new-age economy reaches the USD 300-billion top line by FY31. This relatively thin margin contrasts sharply with the 12-18 per cent profit margins achieved by leading FMCG firms and 20-25 per cent margins enjoyed by IT services.\n\nRedseer's analysis also reveals a notable acceleration in the time required for consumer goods brands to achieve scale. Brands that saw the average time to hit Rs 100 crore in revenue expand from 6.8 years in 2016 to just 3.4 years as of the 2020 cohort. Similarly, the time to attain Rs 500 crore revenue halved, from 7.9 years in 2016 to 4 years in the 2020 cohort. The report anticipates a significant surge in the number of new-age consumer brands with revenues surpassing Rs 100 crore, a jump from around 90 in FY22 and 230 in FY26 to approximately 500 by FY31. However, scaling beyond the Rs 500-crore benchmark remains a formidable challenge, driven by the necessity to establish robust offline distribution networks, modern trade capabilities, and efficient working capital infrastructure.\n\nPrivate market funding is expected to increase by 25 per cent year-on-year, reaching USD 17 billion by the end of 2026, with the majority of investments flowing into BFSI, TMT, and AI sectors, which collectively secured 60 to 65 per cent of deal value in the current year. By calendar year 2030, total public and private market raises for new-age companies are projected to reach USD 50 billion annually, encompassing USD 35 billion in private funding and USD 15 billion from public listings. Remarkably, new-age enterprises will command about 40 per cent of all Indian initial public offering (IPO) proceeds by CY30, up from the current 25 per cent share.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}