India's Economic Ascent: Projected to Become World's Third-Largest Economy by 2027

Finance Minister Nirmala Sitharaman projected India to become the world's third-largest economy by 2027 during a roundtable at the New York Stock Exchange. Detailing policy reforms, she highlighted India’s growth trajectory, infrastructure initiatives, and role in global supply chains, underscoring opportunities for investors and technological advancements.

Finance Minister Nirmala Sitharaman has announced that India is on course to become the world's third-largest economy by 2027. The revelation was made during a roundtable titled 'Investment Opportunities in India' at the historic New York Stock Exchange.

Currently, India stands as the fifth-largest economy globally, poised for accelerated growth. Sitharaman's address focused on policy reforms and initiatives designed to solidify India's economic expansion and its pivotal role in global recovery efforts.

The Finance Minister highlighted India's robust infrastructure development, aided by projects like the National Infrastructure Pipeline, and impacts of programs such as the Production Linked Incentive schemes. These efforts integrate with a broader strategy aiming for self-reliance and enhanced participation in global supply chains.

(With inputs from agencies.)