Indian Economy Will Move Up Ladder Due To Robust Policies

New Delhi: India breaking into the world’s top four largest economies is due to its robust policies across the spectrum and a long-term vision, billionaire investor Mark Mobius said on Monday.

Speaking to media, the global investor who runs the Mobius EM Opportunities Fund for Emerging Markets (EMs), said he was not surprised at India’s continuous elevation in the table of world’s largest economies. “I am not surprised that India is moving up in the world’s top economies ranking. The 140-crore population, under the visionary leadership of Prime Minister Narendra Modi, is now eager to reclaim their deserved place on the global map,” Mobius said.

He further stated that the kind of GDP growth India is witnessing will help it on the road to become the third-largest economy in the world soon. “The country is witnessing 6-7 per cent growth despite global uncertainties which shows the resilience in its economy. It will help India continue to move up the ladder,” said Mobius. In just a few years, India has risen from being the world's 11th-largest economy to the fourth-largest. As of 2025, India trails behind the US, China and Germany in terms of total GDP. Mobius told media that India has the potential to become even the second-largest economy in the world.

"India now has a substantially larger population than China. It is now estimated that China’s population is actually 800 million or less, with an average age much higher than India’s 1.4 billion people," he contended. India has just surpassed Japan to become the world's fourth-largest economy and is now poised to displace Germany from the third rank in the next 2.5 to 3 years, according to NITI Aayog Chief Executive Officer (CEO) B.V.R. Subrahmanyam.