World Economic Growth : As the world shifts its focus towards the developing countries of the Global South, India’s rapid progress is poised to play a pivotal role in shaping the future of the global economy. This insight comes from Amitabh, G20 Sherpa and former NITI Aayog CEO, who recently spoke at an event organized by the Association of Mutual Funds in India (AMFI).
According to Amitabh, the International Monetary Fund (IMF) predicts that 75-80% of economic growth this year will originate from the Global South. India, in particular, has ascended to become the fifth-largest economy globally, propelled by economic reforms and substantial investments in infrastructure. The country is now on track to surpass Germany and Japan by 2027, with continued growth expected to be driven by investments in infrastructure, digital innovation, and environmental sustainability. Amitabh envisions India becoming a USD 30 trillion economy by 2047.