India is poised to become the world's third-largest economy by 2027, according to Finance Minister Nirmala Sitharaman. The country currently ranks fifth with a GDP of around $3.9 trillion. To achieve this goal, India is focusing on policy reforms and initiatives that promote sustained economic growth. This includes simplifying taxes, streamlining asset resolution, and liberalizing foreign direct investment norms.

Source: https://www.wionews.com/business-economy/india-likely-to-be-worlds-3rd-largest-economy-by-2027-fm-nirmala-sitharaman-769743