India, which is expected to grow to be the world’s third-largest economy, is expected to drive 20% of global economic growth over the next ten years, according to G20 Sherpa Amitabh Kant. We’ll pass Germany and Japan to become the third-largest economy in the world in the next three years. India is an anomaly and has emerged as a very resilient powerhouse generating growth in a world desperate for growth, the speaker said.
He emphasized that India is the major economy with the quickest rate of growth in the world, now ranking as the fifth largest. According to him, there is only a one-in-a-generation transformation in our economic situation today. “Just a few years ago, we were one of the fragile five; in just ten years, we made it to the top five,” he continued.
