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Davos: Business leaders bet on India with $30 tn GDP projection as Delhi showcases growth, stability

Trending:WEF 2026ICC vs BCBResponsible Nations IndexNew Gaza projectTikTok dealBorder 2 reviewDavos: Business leaders bet on India with $30 tn GDP projection as Delhi showcases growth, stabilityFP Business Desk • January 23, 2026, 20:28:46 ISTWhatsapp Facebook TwitterFrom ministers to top industrialists, India’s delegation at the World Economic Forum highlighted high growth, moderate inflation, and policy stability as the country eyes becoming the world’s third-largest economy. AdvertisementSubscribe Join Us+ Follow us On GoogleChoose Firstpost on GoogleRepresentational imageIndia used the World Economic Forum in Davos to project confidence in its economic trajectory, with political leaders and business executives striking a rare bipartisan note on growth, stability, and long-term scale. Union minister Ashwini Vaishnaw said India is currently the fastest-growing major economy globally, with a consistent growth path of 6–8 per cent projected over the next five years. He noted that the combination of moderate inflation and strong growth signals a deeper economic transformation over the past decade, drawing increasing global attention. STORY CONTINUES BELOW THIS ADIndia’s ambition to move beyond headline rankings was sharpened by Sunil Bharti Mittal, who argued that becoming the world’s third-largest economy is only a milestone, not the destination. More from Business New innings for sacked Unilever boss: Can he revive fortunes of world’s largest chocolate maker? New Zealand's economic recovery pushes inflation beyond its target band“We will become the world’s third-largest economy, but six or seven trillion dollars for a population of over 1.5 billion does not add up,” Mittal said in Davos. “To truly arrive, we must scale to $25–30 trillion.

Representational image

Representational image

Credit: Firstpost

Key Highlights

  • The timing may vary, but the destination is clear and unavoidable.”Mittal emphasised the need for trade partnerships, policy stability, and technology-led growth, while cautioning that the global environment is more competitive than ever.
  • “What the business community needs is an enabling environment, a committed government, and long-term stability—all of which are in place today,” he said. India’s political leadership echoed that confidence.
  • Andhra Pradesh Chief Minister N.
  • Chandrababu Naidu said India is already the world’s fourth-largest economy and is on track to become the third within two to three years. Quick ReadsView AllNew innings for sacked Unilever boss: Can he revive fortunes of world’s largest chocolate maker?New Zealand's economic recovery pushes inflation beyond its target band“We are fighting with giants, but India is a sleeping giant,” Naidu said.
  • “If we wake up fully, we will be number one by 2047.”In a notable show of unity, senior Union ministers, chief ministers, and leaders from nearly 10 states, cutting across party lines, came together in Davos to highlight India’s investment prospects. STORY CONTINUES BELOW THIS ADSpeaking at a session organised by the Confederation of Indian Industry and KPMG, ministers Harsh Sanghavi and K.
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Sources

  1. Davos: Business leaders bet on India with $30 tn GDP projection as Delhi showcases growth, stability

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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