📈 India poised to become world’s third-largest economy

India is on track to become the world’s third-largest economy, according to discussions at the World Economic Forum (WEF) in Davos, where global leaders and business executives highlighted the country’s sustained growth momentum and expanding investment base. Strong domestic demand, policy reforms, and rising capital inflows were cited as key drivers supporting India’s upward economic trajectory.

At the forum, policymakers pointed to rapid expansion in sectors such as electric vehicles, renewable energy, digital infrastructure, and advanced manufacturing as evidence of structural transformation within the economy. India’s push toward green energy transition and large-scale digital adoption has also strengthened its attractiveness to global investors.

Economists note that India’s consistent GDP growth rates, coupled with demographic advantages and infrastructure spending, have positioned it ahead of several developed economies in overall output rankings. Continued focus on manufacturing, innovation, and financial stability is expected to further consolidate its standing in the coming years.

Industry leaders at Davos emphasised that India’s scale, market size, and reform momentum make it one of the most significant growth engines in the global economy. However, they also stressed the need for sustained investment in skills, job creation, and ease of doing business to maintain long-term competitiveness.

If current trends continue, India is projected to overtake other major economies and secure the third spot globally in terms of GDP in the near future, marking a significant milestone in its economic evolution.