Rising Indian Economy

India has surpassed Japan to become the fourth largest economy of the world. It has come out of fragile five tag. This is indeed a national achievement. While sharing this achievement with the nation NITI Aayog CEO BVR Subrahmanyam has said that the geo-political and economic environment is favourable for India as at present India is USD 4 trillion economy. This has been substantiated by International Monetary Fund (IMF) data. Upto 2024 India was placed at number five in terms of economic positions of the nations. But with focussed growth India has reached the number four slot. Substantiating the Indian rise, the top economist Subrahmanyam has said, “It is only the US, China and Germany which are larger than India, and if we stick to what is being planned and what is being thought through, in 2.5-3 years, we will be the third largest economy.” The World Economic Report released by the IMF last month has indicated that India is going to be the fourth largest economy of the world in 2025 with an expected GDP of USD 4.19 trillion. Underlining the economic stability of India the IMF had said, “For India, the growth outlook is relatively more stable at 6.2 per cent in 2025, supported by private consumption, particularly in rural areas.” It is pertinent to mention that there has been a tremendous growth stimulus story of India and it is visible in various sectors. NITI Aayog’s approach paper has explained that India has risen to the top slot in the last decade with a focus on Viksit Bharat @2047.It also underlines that India will be a USD 30 trillion economy making it clear that for India, the growth outlook is relatively more stable at 6.2 per cent in 2025, supported by private consumption, particularly in rural areas. If read between the lines, it means that India will have all the attributes of a developed country with a per capita income that is comparable to the high-income countries of the world today. For achieving the national goal of Viksit Bharat @2047 a strategic goal has been put in place that is based on six building blocks covering twenty six segments. These six building blocks are macro-economic goals and strategy, empowered citizens, a thriving and sustainable economy, technology and innovation leadership, a global leader, Vishwas Bandhu, enabling factors-governance, security and justice delivery. It is pertinent to mention that from 2013 India is making a significant improvement at the economic front with a clear focus on making the nation developed. Prime Minister Narendra Modi must be congratulated for leading India towards this development. Modi 3.0 has infused a sense of national pride and conviction to emerge as the global power. This can be seen in the comprehensive credibility of India in terms of geo-political situation when the world is struggling to maintain socio-economic stability. India is rising when economies like the US have started insulating their economy from the broader economic influence. This is the confident new India that is thriving due to strong leadership and an ear to the ground. Despite the geo-strategic challenges that India is facing in terms of subversive moves of China-Pakistan nexus. This was evident in the recent Indo-Pak conflict. But the Indian economy has withstood the pressure of the conflict but Pakistan showed signs of instability due to its own making. Demographic dividend is India’s advantage. India is rising.