DUBAI: UAE investors are turning their attention to India’s booming economy, eyeing major gains across fast-growing sectors like retail, fintech, and infrastructure. A recent report by Dubai Chambers, unveiled at the Dubai-India Business Forum, maps out key investment opportunities in India, which is now seen as a global growth engine.
India’s car market—second only to China in Asia—is speeding up again, with annual new car sales expected to hit 5.2 million by 2029. While electric vehicles are gaining ground, they’ll still make up just 4% of the market in the same period, though their sales are growing at a rapid 16% annually.
Retail is another hot spot. With over half the country’s GDP fuelled by private consumption, India is becoming irresistible for global brands. Smaller cities, armed with smartphones and rising incomes, are now driving the next phase of e-commerce and retail expansion.
On the finance front, Indian banks have clocked three straight years of record profits. With non-performing loans falling, profitability is set to rise, especially in retail lending. Meanwhile, India’s insurance market is poised to grow 7.1% annually between 2025–29, the fastest among G20 countries.
Then there’s India’s buzzing fintech ecosystem—already the world’s third largest—with an 87% adoption rate. It’s revolutionising how Indians access credit, insurance, and investment services.
Healthcare spending is set to rise by 9% annually, with digital health tech seeing a boost through AI, telemedicine, and government-backed partnerships.
Perhaps most eye-catching is India’s infrastructure push—over 13,000 projects worth $2.3 trillion are under way. From roads to railways and power plants, this mega drive offers UAE firms opportunities for strategic tie-ups.
