India is a rapidly growing economy and is on track to become a superpower by 2035. The country is slated to become the third economic superpower by 2037, according to a new report by the Centre for Economics and Business Research (CEBR), a leading London-based consultancy. The report also predicts that India will become a US$ 10 trillion economy by 2035.
The country has made significant progress in recent years in terms of economic growth, with the GDP growing at an average rate of 7.5% in the last five years. This has been driven by a number of factors, including the government’s focus on reforms and investment in infrastructure, the emergence of a large middle class, and the increasing use of technology.
The government has also implemented a number of initiatives to boost economic growth, such as the Make in India campaign, which encourages foreign companies to invest in India, and the Digital India initiative, which aims to improve access to digital services and infrastructure. These initiatives have helped to create a more conducive environment for businesses to thrive and have contributed to the country’s economic growth.
The country also has a large and growing population, which is expected to reach 1.4 billion by 2035. This large population provides a large pool of labour, which is essential for economic growth. Additionally, India has a large number of educated and skilled workers, which is beneficial for businesses looking to invest in the country.
The country is also home to a number of large companies, such as Reliance Industries, Tata Group, and Infosys, which are driving economic growth. These companies are investing heavily in research and development, and are developing innovative products and services. This is helping to create jobs and is contributing to the country’s economic growth.
The government is also taking steps to ensure that the country is well-prepared to become a superpower by 2035. This includes investing in infrastructure, such as roads, railways, and airports, and improving access to education and healthcare. Additionally, the government is working to improve the ease of doing business in the country, which is essential for attracting foreign investment.
Overall, India is well-positioned to become a superpower by 2035. The country has a large and growing population, a large number of educated and skilled workers, and a number of large companies that are driving economic growth. Additionally, the government is taking steps to ensure that the country is well-prepared to become a superpower by 2035. All of these factors suggest that India is on track to become a superpower by 2035.