India's Economic Transformation: From Fragile Five to Global Economic Powerhouse
Key Ideas
  • India's diverse growth approach driven by reforms, digital innovation, and green initiatives has reshaped its economy, positioning it as a global economic player.
  • IMF forecasts 75-80% of global growth in the coming years to be from the Global South, with India playing a significant role alongside Indonesia.
  • Structural reforms like GST, Insolvency and Bankruptcy Code, and financial inclusion initiatives have propelled India's economic rise and competitiveness.
  • India's commitment to infrastructure, digital innovation, and green initiatives, like Green Hydrogen, set the stage for the country to become a USD 30 trillion economy by 2047.
India's economic transformation underpins its trajectory from being one of the 'Fragile Five' to a global economic powerhouse, as highlighted by G20 Sherpa Amitabh Kant. Kant emphasized the multifaceted approach India has adopted, incorporating reforms, digital innovation, and sustainability measures that have not only reshaped the economy but also positioned the country as a key player in the global economic landscape. The IMF's projections indicating that a significant portion of global growth will stem from the Global South, with India and Indonesia at the forefront, further cements India's pivotal role in shaping the future global economy. India's journey has been propelled by bold structural reforms like the GST, Insolvency and Bankruptcy Code, and initiatives to enhance the Ease of Doing Business. Moreover, the country's commitment to financial inclusion, particularly the substantial increase in access to bank accounts for Indian women, underscores its progress. Noteworthy is India's focus on environmental sustainability, with advancements in the production and distribution of Green Hydrogen aligning with its decarbonization goals. Looking ahead, Kant emphasized the importance of continued investments in infrastructure, digital innovation, and sustainability, outlining a path for India to achieve a USD 30 trillion economy by 2047.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2025 AdvanceH2, LLC. All rights reserved.