HTLS 2025: India acting with panache, valour in shaping the new global order

First, global growth is stuck near 3%. Advanced economies will grow at 1.4 to 1.6% and emerging markets near 4.2%. India remains the clear outlier. Real GDP rose 8.2% in Q2 FY26, keeping even the most cautious full-year estimates above 7%. Viksit Bharat by 2047 requires about 7.9% real GDP growth. India has previously expanded at 10.1% in nominal dollar terms. Second, recent performances and events strongly suggest that Viksit Bharat 2047 is within reach. The government recently implemented new labour codes. This reform priority strengthens productivity and growth. Taken together, and given the power of compounding, India’s pathway to…