Highlighting the electronics and semiconductor sector, Bhatia said India aims to scale annual production from the current baseline of around $330 billion to $500 billion by 2030, before expanding further to between $5.3 trillion and $8 trillion by 2047. "These targets will unlock significant manufacturing opportunities," he said, adding that the government's long-term plans cover both economic and social sectors and are designed to accelerate industrial growth. Bhatia said India continues to remain one of the world's fastest-growing major economies, supported by a sustained focus on reforms and implementation over the past decade. He noted that reform efforts have gathered further momentum in the last three years through high-level committees working on sector-specific initiatives. He noted that several German companies had established operations in India even before Independence and said the bilateral partnership has strengthened further in recent years with increasing business delegations and investments.