India is poised to be the third largest global economy by 2030, according to S&P Global Ratings.
India aims to become a $30 trillion economy by 2047.
Emerging markets, including India, will play a crucial role in shaping the global economy and contribute about 65% of global economic growth by 2035.
However, India faces challenges due to its rising population, which requires improvements in basic service coverage and increased investment needs for productivity.