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Here are the topics of this week:

India Rising Perspective by Zinnov - “Engineering Europe’s Future with India”: We published the third issue of Zinnov’s India Rising Perspective last week. “Engineering Intelligence: Where Europe’s AI Future Is Being Built” is part of a five-part series by Mohammed Faraz Khan, Partner at Zinnov. Check it out and find my main takeaway at the end.

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Moody’s reduced its forecast for India’s GDP growth from 6.8% to 6.0% for FY2027 due to the economic impact of the Iran war.

The blockade of the Strait of Hormuz has already severe implications for Asia. First downgrades of India’s GDP growth expectations for FY2027 not only show the vulnerability of Asia’s economies, but why India and other nations might accelerate their switch to electrotech.

According to a new report by the renewable energy Think Tank Ember, 40% of Asia’s oil imports pass the Strait of Hormuz. India imports 37% of its primary energy demand as fossil fuels, and with 90% of Liquefied Natural Gas (LNG) and 80% of oil passing the Strait of Hormuz reaching Asia, also India is substantially impacted.

From a macro-perspective, this has already multiple implications for India:

Government all over Asia started adapting to the new circumstances. Soaring gas prices forced Southeast Asia’s governments to implement measures early on to conserve energy and find alternative supplies, enforcing work-from-home mandates, increasing biofuel levels, or providing fuel subsidies. In India, food supply is already impacted. Fried foods and chai are either stopped being served or transitioned to other cooking methods, impacting quality. Gas supply is limited and domestic refineries increased local production of liquified petroleum gas (LPG) by 38%, trying to compensate for it.

In order to mitigate price increases and supply shocks, electrotech adoption will accelerate further as a result. As I’ve shared in previous issues of India Rising, India’s path to an electrified economy is progressing well. Furthermore, the current circumstances show why the renewable energy build-out is so important for the country. Even with growing demand and manufacturing capacity, electrification multiples at 10-100x of today’s power capacity should be able to sufficiently cover India’s increasing power demand.

This will obviously not only impact the grid, but end-customer markets as well, and the automotive sector might be one of the first to see consumer preferences shifting:

Today, around 4.14% of India’s new car sales are electric vehicles (EVs). The trajectory in other Asian markets such as Vietnam, Thailand, or Indonesia indicate where India is headed. While European OEMs still struggle to secure meaningful market share in India, East Asian automotive players such as Suzuki already anticipate the change in demand and will start manufacturing EVs domestically (see prior articles of India Rising). Last week’s announcement of the joint venture between Bosch and Tata to improve local supply in the EV sector are another confirmation of a shifting market.

Europe is well positioned. Thyssenkrupp nucera was just awarded to conduct a study for a 260 MW green hydrogen project for the partnership between India’s Juno Joule and Germany’s SELECT Energy GmbH, one of several Indo-German partnership in the green energy sector and many European governments agreed on bilateral collaborations in green technologies, on top of EU level support.

The Iran war is becoming a key accelerant for electrotech in India and Asia. Already the third largest solar market, India remains on an ambitious path to electrify its economy and become less reliant on fossil fuel imports. While this provides substantial opportunities for Europe’s renewable energy sector, it will require other sectors to adjust their market strategies.

Sources: The Guardian, CNN, Ember, Thyssenkrupp nucera, The Hindu

French satellite communication provider Eutelsat is reportedly in talks with ISRO (Indian Space Research Organisation), India’s space agency, to collaborate for satellite launch programs. Eutelsat merged with OneWeb in 2023, a satellite start-up that was rescued by the UK and India’s Bharti.

ISRO had already launched 72 OneWeb satellites prior to the merger with Eutelsat and the Indian government is increasingly positioning the country as an alternative for the private sector, targeting a market of USD 44 billion by 2033. With Eutelsat’s plans to launch 440 satellites by 2030, alternative launch options to SpaceX and Ariane rockets are necessary.

It’s not the first collaboration of an European player with Indian launch options. As I shared in issue 31, German satellite start-up Exolaunch signed an agreement with Hyderabad-based Skyroot Aerospace for end-to-end launch services.

India’s DeepTech ecosystem is maturing and ISRO’s history of cost efficient space exploration could make India an increasingly important partner in space, aerospace, and adjacent sectors such as defence.

Sources: Reuters

On March 27, 2026, the Bundesverband der Indischen Vereinigungen e.V. / India Federation of Germany (IFG) was formally registered under German law, establishing the first nationwide umbrella organisation for the Indian diaspora in the country.

The context the IFG points to is not insignificant. Germany is home to over 300,000 people of Indian origin, contributing an estimated EUR 15 billion annually to the economy and spread across more than 100 associations in all 16 federal states. The IFG aims to connect those by consolidating representation before the Bundestag, federal ministries, and the Embassy of India, while regional chapters (starting with Baden-Württemberg, Bayern, Berlin, Hessen, and Hamburg) retain elected leadership and direct local engagement.

The organisation has set four areas of priority:

Among the founding members are several fellow Risers who have been part of the India Rising community. Congratulations to them and to the full founding board, I'm wishing them every success in executing on that ambition.

Sources: India Federation of Germany

Your random facts and stories about India and the Indo-European friendship.

This week: Our collaboration with The Indian Dream - The Art of India

This is an excerpt from The Indian Dream’s recent publication on The Art of India.

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