India's Economic Resilience and Rigid Plastics Industry Take Global Centre Stage


India Maintains Strong Growth Amid Global Headwinds

India’s economy has once again defied global slowdowns and inflationary pressures. According to the CareEdge Economic Pathways Report, India’s real GDP grew by 7.4% in Q4 FY25, pushing the overall annual growth to 6.5%, beating analyst expectations. Though slightly moderated from the 8.4% average of the past two years, this growth solidifies India’s place among the fastest-growing major economies.

Key growth drivers:

  • Construction sector surged 10.8% in Q4.

  • Manufacturing and private investments improved, though consumption slightly slowed.

  • Rural demand stayed robust due to rising wages, despite mixed urban demand.

  • Retail inflation cooled to 3.2% in April 2025, the lowest since August 2019, with food inflation easing due to strong Rabi harvests and water reserves.

However, concerns remain over falling household savings, which declined for a third straight year to 18.1% of GDP, with financial liabilities rising to 6.2%, indicating higher leverage.

Government Spending and Investment Momentum

The Centre kept the fiscal deficit at 4.8%, balancing slightly lower direct tax collections with strong corporate tax revenues and higher capex, which exceeded expectations at ₹10.5 trillion.

Key contributors:

  • Private sector project announcements surged in Q4.

  • Manufacturing and electricity were primary beneficiaries of increased investments.

  • Non-petroleum exports stayed resilient, but April saw a widened trade deficit.

The Reserve Bank of India’s 50 bps repo rate cut in June (to 5.5%) and a phased CRR cut further infused liquidity, supporting near-term economic activity. The rupee, though slightly weaker, remains stable.


India Hosts the World’s Largest Rigid Plastics & Circular Economy Summit

Amid economic momentum, Mumbai hosted the 10th Edition of ElitePlus' Global Signature Summit, marking a major milestone in the evolution of India’s rigid plastics and recycling ecosystem. Held at the Jio World Convention Centre, this two-day event (June 12–13) was attended by 1,050+ delegates from over 450 organisations across 10 countries.

Summit Highlights:

  • Organised with support from the Ministry of Chemicals and Fertilisers (DCPC).

  • Explored themes such as Injection Moulding, Blow Moulding, PET Technologies, and Circular Economy innovations.

  • Featured 5 panel discussions, 8 business sessions, and 47+ exhibitors.

  • Dedicated Recycling Zone promoted hands-on interaction between industry leaders, start-ups, and policymakers.

Driving Cross-Border Partnerships and Sustainability

The summit created a dynamic platform for stakeholders across the value chain—including brand owners, recyclers, OEMs, policymakers, and material innovators—to chart the future of sustainable plastics manufacturing.

Discussions focused on:

  • AI and automation in moulding and packaging.

  • EPR compliance and chemical recycling strategies.

  • PET innovation, mobility solutions, and high-performance packaging.

In a symbolic moment, the summit featured the keynote address, “The Jamvant Effect – Bharat is Unstoppable”, delivered by Ambassador Dr. Deepak Vohra, receiving a standing ovation from over 1,000 attendees.

India’s Role in Global Plastics and Economic Transformation

With over 1,700 Global Capability Centres (GCCs) already operating in India and the country projected to generate $105 billion from GCCs by 2030, this summit strengthens India’s positioning not just in manufacturing, but in knowledge, innovation, and sustainability leadership.

Nidhi Verma, Founder & MD of ElitePlus++, summed it up:

“This edition cements India’s leadership in the global rigid plastics industry and sets the tone for industrial and policy advancements that align with the global circular economy goals.”

Conclusion: A Nation on the Rise

As India advances on the economic and sustainability fronts, the synergy between government policy, private innovation, and global collaboration is proving to be its most valuable asset. The CareEdge report and the ElitePlus Summit together paint a picture of a country not only growing—but growing responsibly.

📌 Follow for insights on India’s economic and industrial transformation.

Location: Pune, Maharashtra, India

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