{
  "id": 6757525,
  "title": "India’s New-Age Economy Set To Triple To $300 Billion By FY31, Driven By AI, Digital Innovation And Startups",
  "url": "https://urgent.news/2026/09/11/indias-new-age-economy-set-to-triple-to-300-billion-by-fy31-driven-by",
  "topic": "ai",
  "section": "AI",
  "published": "2026-09-11T12:21:48.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/indias-new-age-economy-set-to-triple-to-300-billion-by-fy31-driven-by-ai-digital-innovation-and-startups"
  },
  "original_language": "en",
  "account": "India's burgeoning new-age economy is poised for substantial growth, with projections indicating a tripling of revenue to approximately $300 billion by financial year 2030-31. This forecast, based on a report by Business Standard citing Redseer Strategy Consultants, marks a significant increase from the estimated $100 billion in FY26. The sector encompasses digitally driven businesses that leverage technology as their core operating engine, with growth propelled by artificial intelligence, digital platforms, and innovation.\n\nThe sector's revenue has surged from $33 billion in FY22 to nearly $100 billion in FY26, demonstrating robust expansion. Experts anticipate a compound annual growth rate (CAGR) of around 25% until FY31, underscoring the sector's momentum. Prominent consumer brands and technology firms are spearheading this growth. Consumption-focused domains like consumer goods, retail, and leisure sectors are poised to remain the primary contributors, potentially reaching $150 billion by FY31. However, the growth trajectory in these segments is expected to decelerate as the market matures.\n\nTechnology-led industries, including technology, media, telecommunications (TMT), artificial intelligence (AI), and advanced manufacturing, are anticipated to grow slightly more rapidly, at approximately 26% annually. Their share in the new-age economy is also projected to rise. As of FY25, the cumulative profit pool of new-age companies turned positive at $1.4 billion, although profitability is still primarily concentrated in banking, financial services, and insurance (BFSI).\n\nThe report highlights a notable trend where consumer-focused startups are experiencing rapid scaling, primarily driven by direct-to-consumer channels and quick commerce models. Startups founded in 2020 have managed to achieve ₹100 crore in revenue in just 3.4 years, a stark contrast to the 6.8 years it took companies established in 2016 to reach the same milestone. Despite this accelerated growth, scaling beyond ₹500 crore remains a formidable challenge for many startups due to hurdles in offline distribution, retail expansion, and managing working capital requirements. Private funding for new-age companies is expected to surge by 25% year-on-year, reaching $17 billion in 2026. By 2030, combined public and private fundraising could potentially exceed $50 billion annually, with new-age companies projected to contribute roughly 40% of India's Initial Public Offerings (IPO) proceeds, up from the current 25%.",
  "summary": "India’s new-age economy is likely to expand nearly three times to around $300 billion in revenue by financial year 2030-31, compared with nearly $100 billion estimated in FY26, according to a report by Business Standard citing Redseer Strategy Consultants. The sector includes digitally driven companies that use technology as a core business engine, with growth being fuelled by artificial…",
  "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."
}