The remarkable shift in India's economic trajectory, transitioning from a predominantly agrarian economy to becoming the world's fastest-growing economy, has been an extraordinary narrative in the global economic landscape. Presently, India, with a population exceeding 1.4 billion people and a GDP surpassing US$3 trillion, proudly stands as the world's fifth-largest economy. Looking ahead, India is poised to experience phenomenal growth, expecting to reach a US$26 trillion economy by its centenary year of Independence in 2047.
This resolute confidence in India's potential stems from several key factors, including robust consumption patterns, rapid digitalization, a substantial pool of young talent, a thriving services sector, global competitiveness, and a steadfast commitment to sustainability. Furthermore, the government's unwavering focus on infrastructure development and manufacturing further contributes to the nation's growth trajectory.
As we take stock of our achievements and reflect on the past, India's G20 presidency has presented a unique opportunity to demonstrate its long-term vision and plans for the next decade and beyond. It is an occasion to articulate a pathway toward a shared global future, characterized by collective prosperity.
