Growth & Development

India today is the fifth-largest economy in the world with a GDP of US$ 3.7 trillion and is expected to become the world’s third-largest economy in the next three years on the back of continued reforms. Its remarkable growth story is underscored by many comprehensive advancements that the country has made across a range of sectors, including healthcare, education and skill development, and technology, among many others.

With a growth rate pegged at 7.6% in 2023-24, India is expected to contribute over 16% to global growth as a ‘star performer’, according to the IMF. The country’s resilience in the face of global economic shocks and a challenging global environment has been globally recognized and appreciated.

Going forward, India’s economic transformation towards a developed powerhouse critically hinges on a strategic roadmap that addresses key challenges while leveraging its immense potential. Central to this vision is the concept of all-round economic development and inclusive growth driven by innovation, infrastructure investments, sustainable actions and a continued focus on reforms.

Given this background, this track will highlight the key milestones in India’s growth and developmental journey and also deliberate on the critical growth areas where focus would be required for fulfilling its aspiration to become a developed nation.