Summary:

According to G20 Sherpa Mr. Amitabh Kant, India is set to contribute 20% of global economic growth over the next decade, aiming to become the world's third-largest economy. At the AIMA conference, he highlighted India's rapid development, noting it is currently the fifth-largest economy and is expected to surpass Japan and Germany within three years.

He emphasized that India's expected contribution of 20% to global economic growth represents a significant shift from being one of the 'fragile five' to one of the top five economies. Mr. Kant stressed the importance of transforming rural areas, improving health outcomes, and enhancing nutrition for India to achieve developed nation status by 2047. Champion states, including Bihar, Jharkhand, Chhattisgarh, Rajasthan, and Madhya Pradesh, which account for roughly half of the population, must lead this transformation. Improving the lives of the bottom 50% of the population is crucial for India's overall progress.

Source: IBEF

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