India, 5th largest economy in the world at present, is on course to become the 3rd largest economy in the world by the year 2030, according to a global ratings agency. This forecast supports the confidence expressed by Prime Minister Narendra Modi, who has repeatedly said that India would soon be the third largest economy in the world.<br />”<br />”In Akashvani’s program&nbsp;Spotlight, Economic Analyst Avinash Gorakshakar&nbsp;discussed on&nbsp;India's growth trajectory to become the third largest economy by 2030. <br />”<br />”He said, India is in a sweet spot considering the fact that all macro factors have been positive for us. Political uncertainty in our markets has got completely cleared and most importantly corporates continue to record decent growth rates in terms of their profitability numbers, in terms of their corporate capex and plus the government has been focusing on many initiatives like Make in India, typically PLI schemes. All that has resulted into a lot of positive positioning for India in the global markets.<br />”<br />”Economic Analyst Avinash Gorakshakar said, government has made a lot of efforts in the last five years to encourage manufacturing in India, the Make in India initiative has been one of the key programs which has encouraged a lot of capital as well as domestic investment in the country coupled with foreign direct investments. Even private corporate has increased significantly.<br />”<br />”<span style="color: #222222;">Listen to the Full discussion at<br />”<br />”</span><a href="https://www.youtube.com/live/IP_ZAXsCQyI?si=0dnj3CzEA6fqGODt" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://www.youtube.com/live/IP_ZAXsCQyI?si0dnj3CzEA6fqGODt&source=gmail&ust=1702049454445000&usg=AOvVaw3Z-cAmwmQHNSLHHo-uIL-Y" style="color: #1155cc; font-family: arial, helvetica, sans-serif; font-size: small;">https://www.youtube.com/live/<wbr />IP_ZAXsCQyI?si=<wbr />0dnj3CzEA6fqGODt</a><br />”<br />