From Nehru’s tryst with destiny to Modi’s economic muscle

INDIA’S anticipated ascent to the status of the world’s third largest economy by 2027 or 2030 has been a long time coming. There is a new buzz among investors about the country that is expected get there in the next several years.

With a gross domestic product (GDP) size of US$3.73 trillion at the end of the 2022-23 financial year, India is currently the fifth largest economy in the world behind the United States, China, Germany, and Japan. It is expected to overtake both Germany and Japan, and occupy the third place after the US and China.

The script for the country’s rise was written in the 1970s when it was already being praised for becoming the 10th largest industrial nation in the world. The scriptwriters were the best economic brains in India, working under Congress governments.