India set to become third-largest economy by 2028 says Jyotiraditya Scindia
Team Finance Saathi
08/Apr/2025

What's covered under the Article:
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Jyotiraditya Scindia emphasized that India's economy is unstoppable and on track to become the world's third-largest economy by 2028.
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He urged India's youth to view public service as a mission of humility and purpose, not power or control.
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The Rising Bharat Summit 2025 focused on India’s innovation, infrastructure, and its growing global influence.
At the Rising Bharat Summit 2025, held at the Bharat Mandapam in New Delhi, Union Minister Jyotiraditya Scindia confidently declared that the Indian economy is “on a roll” and poised for significant global advancement. Delivering a passionate speech, he predicted that India will become the third-largest economy in the world by 2028, underlining the unstoppable momentum and robust fundamentals of the country.
A Bold Economic Prediction
Speaking at the prestigious summit, Scindia emphasized India’s current trajectory, declaring that no country in the world can stop India's growth story. His assertion was not merely rhetoric but was rooted in the belief that India’s demographic dividend, policy direction, and infrastructural development were aligning for unprecedented economic ascent.
India currently stands as the fifth-largest economy in the world. As per Scindia’s vision, India will soon leap over major economies like Germany and Japan, achieving third place globally in terms of Gross Domestic Product (GDP).
This statement aligns with several economic forecasts, including those by international financial institutions like Goldman Sachs, IMF, and Morgan Stanley, who have previously projected similar timelines for India’s rise.
The Role of the Youth and Public Service
In a crucial segment of his address, Scindia turned his attention to India’s youth, offering a powerful message about leadership and public service. He noted:
“If India’s youth want power and control, then public service is not the avenue for you.”
This candid observation was aimed at inspiring a shift in mindset among young Indians, encouraging them to approach public service with humility, commitment, and a sense of higher purpose. He emphasized that public service is not about personal ambition but about serving the nation and its people.
Scindia's message was both motivational and realistic, pointing to the need for a values-driven leadership model in India’s continuing journey toward global prominence.
Summit Themes: Innovation, Infrastructure, and Global Role
The Rising Bharat Summit 2025 is being held over two days and has attracted an audience of policymakers, industry leaders, innovators, and intellectuals. The event is centered on India’s global aspirations and highlights four key pillars:
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Innovation – Reflecting India’s emergence as a global tech and startup hub.
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Infrastructure – With massive government investment in roads, railways, ports, and digital infrastructure, this is seen as a foundation for economic growth.
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Economic Resilience – Despite global uncertainties, India has shown remarkable economic recovery post-COVID-19, with strong fundamentals and macroeconomic stability.
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India’s Global Role – The country is increasingly taking a leadership position in global diplomacy, trade, and multilateral institutions.
The summit has been a platform for dialogue and discussion around these themes, featuring voices from across the political, corporate, and academic spectrum.
India's Demographic Dividend: A Vital Catalyst
Scindia emphasized the potential of India’s demographic dividend — its large and youthful population — as a key asset in achieving global economic leadership. With over 65% of the population below the age of 35, India is in a unique position to leverage its workforce to drive innovation, entrepreneurship, and productivity.
However, Scindia also acknowledged the need for skill development, education, and inclusive growth, ensuring that the youth are not just numerous but empowered and employable.
India’s Economic Indicators Support the Optimism
The Union Minister’s optimistic forecast is supported by several key economic indicators:
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Consistent GDP Growth: India is expected to maintain 7%+ GDP growth over the coming years.
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Rising Foreign Direct Investment (FDI): India continues to attract record levels of FDI, especially in sectors like technology, manufacturing, and fintech.
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Government Reforms: Initiatives like ‘Make in India,’ PLI schemes, and Digital India are boosting the economy’s competitiveness.
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Manufacturing Push: India is becoming a global manufacturing alternative to China.
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Export Growth: India’s exports of services and goods have surged, especially in IT, pharmaceuticals, and engineering.
Bharat Mandapam: A Symbol of India’s Aspirations
The venue itself—Bharat Mandapam—served as a powerful symbol of the new India that Scindia spoke about. Located in the heart of Delhi and designed to host global-level summits, it reflects the country’s readiness to engage with the world as an equal and assertive voice.
Commitment to North Eastern Development
As the Minister for Development of the North Eastern Region, Scindia also touched upon the government’s continued commitment to inclusive development, especially in the North East. Massive investments have been made to connect remote regions via roads, rail, and digital infrastructure, integrating them with the national growth story.
The Minister’s remarks indicate that no region will be left behind as India marches toward its 2028 milestone.
Conclusion: A Message of Confidence and Unity
Jyotiraditya Scindia’s remarks at the Rising Bharat Summit 2025 are a clarion call of confidence, signaling that India’s time has come. His message combines optimism, realism, and purpose—pointing out that while growth is inevitable, it must be inclusive and values-driven.
With its demographic strength, technological innovation, strategic policymaking, and growing global influence, India is indeed on a roll. The world is watching, but as Scindia says, no one can stop this momentum now.
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