With a strong GDP growth rate of 7.3%, India has emerged as the world’s fastest-growing large economy and is expected to become the third-largest economy in the world, exceeding $5 trillion in the next three to four years. A key driver for India’s growth is a young population, which offers the nation a unique demographic advantage in terms of increased consumption and productivity. India’s growing global position was evident during the 2023 G20 Presidency, where India played a pivotal role in shaping the agenda for the upcoming decade, particularly emphasising the urgent global issue for climate change.
