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India has emerged as an “indispensable anchor” of global economic growth and stability amid mounting geopolitical uncertainty and supply chain disruptions, India’s Ambassador to the United States, Vinay Mohan Kwatra, said on Monday, while outlining New Delhi’s long-term ambition to become a $25 trillion-$30 trillion economy by 2047.
Speaking at the IX USISPF Leadership Summit in Washington, DC, Kwatra said India’s economic transformation has placed it at the centre of the evolving global order, making it a trusted growth engine and strategic partner for advanced and emerging economies alike.
“India is now roughly a $4.3 trillion economy heading into $7 trillion by the end of this decade, hoping to transition to $14 trillion by the middle of the 2030s and eventually reaching the $25 trillion to $30 trillion goal by 2047,” he said.
Against the backdrop of growing geopolitical tensions, shifting supply chains and rising economic fragmentation, Kwatra argued that India’s role extends well beyond its expanding economic footprint.
“Given the kind of challenges and disruptions we face, Prime Minister Narendra Modi’s India is not just an indispensable bridge, but an indispensable anchor of the global order and economic growth,” the envoy said.
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#WATCH | Washington DC | At the IX USISPF Leadership Summit 2026, India’s Ambassador to the US, Vinay Mohan Kwatra says, “India is now roughly $4.3 trillion economy heading into $7 trillion by the end of this decade, hoping to transition to $14 trillion by middle of 2030s and… pic.twitter.com/CPf8nUfiwB
— ANI (@ANI) June 29, 2026
The remarks come as India seeks to cement its position as one of the world’s fastest-growing major economies, leveraging demographic strength, rapid digitalisation, large-scale infrastructure investment and an expanding manufacturing base to attract global capital.
India has also positioned itself as a preferred destination for companies looking to diversify production and supply chains beyond traditional manufacturing hubs, while simultaneously stepping up investments in strategic sectors such as semiconductors, electronics, artificial intelligence, clean energy and defence manufacturing.
Long-term economic vision
Kwatra’s roadmap reflects the Indian government’s broader vision of transforming the country into a developed economy by 2047, when it marks 100 years of Independence.
Crossing the $7 trillion mark by the end of the decade would place India among the world’s largest economies, while the longer-term target of a $25 trillion-$30 trillion economy would require sustained high economic growth, continued structural reforms and significant gains in productivity and investment.
The ambassador said India’s economic rise is increasingly intertwined with global prosperity, making international partnerships more critical than ever.
India-US partnership in focus
Addressing policymakers, investors and business leaders at the summit organised by the US-India Strategic Partnership Forum (USISPF), Kwatra highlighted the growing strategic convergence between New Delhi and Washington.
He said India looked forward to strengthening cooperation with the United States across trade, investment, critical technologies, innovation and resilient supply chains as both countries deepen their economic partnership.
“We look forward to working with the US and other G20 partners closely in ensuring the success of the upcoming Summit,” he said.
The India-US relationship has expanded significantly in recent years, with collaboration spanning defence, semiconductors, critical minerals, artificial intelligence, clean energy and advanced manufacturing. Bilateral trade has also grown steadily, reinforcing the economic pillar of the strategic partnership.
