India is heading for a major global leap. According to a report by Morgan Stanley, India will become the world’s 3rd largest economy by 2028. And that’s not all — by 2035, India’s total economy is expected to reach $10.6 trillion.
This is not just a number. It’s a complete shift in global power. The world will see India as a key growth engine. And this journey is already picking up speed.
States Will Shape the $10.6 Trillion Dream
Morgan Stanley highlights that the role of India’s 28 states and 8 Union Territories is critical. These states will shape India’s rise.
In fact, 3 to 5 states — likely Maharashtra, Tamil Nadu, Gujarat, Uttar Pradesh, and Karnataka — could each touch $1 trillion economies by 2035. That’s like having mini-countries inside India. They could even rank among the top 20 economies in the world.
Currently, Maharashtra, Gujarat, and Telangana lead the economic charts. Chhattisgarh, Uttar Pradesh, and Madhya Pradesh have shown big jumps in rankings over the last five years.
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Infrastructure: India’s Silent Power Move
India’s growth is not just luck. It’s built on hard infrastructure work. Over the last decade, the Centre has doubled capital investment from 1.6% to 3.2% of GDP.
What’s changed?
- Highways up by 60%
- Metro network 4X bigger
- Airports doubled
Projects like PM Gati Shakti, Bharatmala, Sagar Mala, and UDAN are pushing this forward. But states are not sitting back. They are working hand-in-hand with the Centre, building power, water, and urban infrastructure.
India: The World’s Next Factory?
Morgan Stanley believes that if this momentum continues, India can become the factory of the world. That means more jobs, more exports, and higher per capita income.
The key? Competitive federalism — where states compete to attract business and investments. Each state is like a startup, fighting to grow faster than the others.
India is expected to drive one-fifth of global growth in the next ten years. That’s huge. And this will make India essential for multinational companies looking to grow.
The story is clear. The world is watching. India is not rising quietly — it’s rising loudly, proudly, and quickly.
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