$4tn To $30tn, Fast
$4tn To $30tn, Fast
Amitabh Kant
May 26, 2025, 21:02 IST IST
That India may become the world's fourth largest economy by end-2025 is a reminder of unfinished reforms agenda. To become a real powerhouse, policy must be transformative
A fortnight after Op Sindoor, economic data is buttressing the point that India and Pakistan can no longer be hyphenated. India's set to become 4th largest economy by year-end, on course to becoming the 3rd largest in three years. Maharashtra's economy is larger than Pakistan's; Tamil Nadu's is the same size. India's $4tn economy is over 10x that of Pakistan. BSE and NSE's capitalisation is 200x that of Pakistan Stock Exchange. Companies like HCL and Axis Bank command a market capitalisation equivalent to Pakistan's entire stock exchange. LIC's assets under management ($640bn) are nearly 2.5x of Pakistan's national debt. Pakistan's forex reserves: $16bn, India's: $680bn.
As PM said post-Op Sindoor, the path to peace goes through power. And history shows economic power – not just military might – elevates nations on the global stage. If a $4tn economy gives India so much heft, imagine what a $30tn+ economy could do. So, now is the time to place ourselves among the most powerful economies with transformative, not incremental, reforms.
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