India is set to become the third largest economy globally. President Droupadi Murmu stated this during an event in Delhi. She highlighted that India is currently the fastest growing major economy, showing resilience in the face of global geopolitical challenges.
The President emphasized that the Indian economy is projected to grow tenfold by 2047, reflecting its significant contribution to global economic growth. According to the World Bank, India accounted for 16 percent of global economic growth in 2023, underscoring its crucial role in the international economic landscape.
This growth is a testament to India's strong economic performance and its ability to overcome obstacles. With its rapid growth, India is poised to become a major player in the global economy, solidifying its position as the third largest economy in the world.