Written by Abbas Shah, freelance writer at Milabalyawmi

India’s economic trajectory is poised for substantial growth, with estimates from 6.5 percent increase in the fiscal year 2024-25, reaching 7 percent by 2026. Data from the quarter ending September showcased a robust 7.6 percent year-on-year expansion, positioning India as an enticing foreign investment destination set to surpass China’s growth forecast.

Even the IMF’s conservative projections anticipate India emerging as the world’s third-largest economy by 2027, surpassing Japan and Germany, with a GDP exceeding US$5 trillion. This economic momentum is bolstered by resilient growth and favorable demographics, as India boasts the world’s largest young population with a median age of 28.2 years.