Month: June 2026

India’s manufacturing sector represents one of the largest industrial opportunities globally and a market firmly in transition. As the fifth-largest manufacturing economy in the world, India has emerged as a key beneficiary of the China-plus-one supply chain realignment, with global manufacturers increasingly evaluating the country as an alternative production base. The investment opportunity is significant, supported by a liberal foreign investment regime that permits 100% FDI under the automatic route across most manufacturing sectors. However, investors must navigate a range of operational and regulatory challenges before committing capital.

India’s luxury market is one of the fastest-growing in the world; valued at approximately USD 8 billion in 2023 and projected to reach 85 billion by 2030. Over 85,000 millionaires, growing at 6% annually, and a younger, globally-travelled consumer base that is discerning, aspirational and increasingly brand-aware. For international luxury labels, the question is no longer whether India is a serious market. It is how to establish a direct presence and how to do it correctly.

India’s e-commerce market represents one of the fastest growing in the world and most compelling consumer opportunities globally. Valued at approximately USD 60 billion in 2023 and projected to reach 300 billion by 2030. Over 900 million internet users, surging smartphone penetration, and post-COVID digital habits that are now permanent make the consumption story undeniable. However, this is also one of the most politically sensitive sectors for foreign investment in India. The FDI framework permits the marketplace model but is firmly cautious about multi-brand retail and regulators have shown they will act when they believe the spirit of the rules is being circumvented.

Is India’s hospitality sector a high-potential opportunity or a structural minefield for foreign investors?

In this episode of the Veyrah Law series, Ajay Joseph (Partner at Veyrah Law) examines the Indian hospitality industry, a sector valued at approximately USD 24 billion and projected to reach USD 31 billion by 2028. Domestic tourism is the real engine of this market, with over 2.5 billion domestic tourist visits recorded in 2023. Global brands such as Marriott, Accor and Hilton are already expanding their India footprint. The FDI policy is fully open; 100% under the automatic route for hotels, resorts and tourism infrastructure, with no prior government approval required.