India to Drive 20% of Global Economic Growth: A Promising Decade Ahead

India, currently the world's fifth-largest economy, is projected to drive 20% of global economic growth and become the third-largest economy in the next decade. G20 Sherpa Amitabh Kant emphasizes the need for transforming rural lives, improving health outcomes, and enhancing education to achieve this milestone.

India is poised to be a key driver of global economic growth, contributing 20% to the world's economic development over the next decade, according to G20 Sherpa Amitabh Kant. Addressing the AIMA convention, Kant highlighted India's rapid growth, making it the fastest-growing large economy and the fifth-largest globally.

By 2026, India is expected to surpass Japan and Germany, securing the position of the third-largest economy. This highlights a significant shift from its previous status among the 'fragile five' to becoming a robust economic powerhouse. To sustain this momentum, Kant emphasized the importance of transforming the lives of those in rural areas and enhancing health and educational outcomes.

Kant stressed that nearly 50% of India's population, predominantly in states like Bihar, Jharkhand, Chhattisgarh, Rajasthan, and Madhya Pradesh, must be uplifted to drive future growth and human development. Improving these regions will be crucial for India to achieve its goal of becoming a developed nation by 2047.

(With inputs from agencies.)