The India story: How India, the 'bright spot', can continue to shine

The third part of the series looks at the areas it needs to focus on to realise its $5 trillion ambition and be counted among the top three economies

In 2000, India’s gross domestic product (GDP) stood at around $468 billion. It would cross the $1 trillion mark only seven years later (in 2007), and it would be another seven years before it hit $2 trillion.

 

Fast forward to 2024. India is now the world’s fifth-largest economy, with a GDP of $3.6 trillion. And, it aspires to become the third-largest economy, with a GDP of $5 trillion by 2027-2028 (FY28).

 

India’s 25-year journey, marked by landmark reforms such as the Insolvency and Bankruptcy Code, and the goods and services tax, and its resilience amidst the global financial crisis and