What We Are Witnessing Today Is One In A Generation Shift In Our Economic Position: Amitabh Kant

India's remarkable economic transformation has placed it firmly among the world's top economies. With an 8.2% growth rate, India has surged to become the fifth-largest economy globally and is set to overtake Japan and Germany within the next three years. Amitabh Kant, G20 Sherpa of India, highlights this as a once-in-a-generation shift, emphasizing India's resilience and leadership in driving 20% of global economic growth. The shift from being part of the "fragile five" to a leading global economic force has been fueled by substantial structural reforms. The government has implemented key measures, including the Goods and Services Tax (GST), the Bankruptcy Code, and significant improvements in digitization. Today, India handles nearly 50% of the world's real-time fast payments. The startup ecosystem has flourished, with over 140,000 startups and more than 140 unicorns emerging since the Startup India movement began in 2016. Additionally, India has made significant strides in renewable energy, reducing costs dramatically and improving access to clean cooking fuel for over 110 million women. This progress underscores India's ability to achieve net-zero goals with a green discount rather than a premium, demonstrating a sustainable path forward.