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India’s Path To Economic Power Status
May 13, 2025
India's strong post-pandemic recovery positions it to become the third-largest economy by nominal Gross Domestic Product (GDP) within the next decade, driven by its demographics and domestic market. Despite high GDP growth, low per capita income, inequality, infrastructure deficits, human capital limitations, bureaucracy, corruption, and environmental vulnerabilities challenge its ascent. Achieving "great economic power" status, defined by sustained high growth, widespread prosperity, resilience, innovation, and global influence, depends on overcoming structural weaknesses and ensuring sustainable growth.
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