India will continue to expand faster than any G7 economy over the rest of this decade, according to a new report by the PHD Chamber of Commerce and Industry (PHDCCI) titled ‘Population, Productivity, Partnership: Rethinking G7‑India Collaboration’.
The chamber says reforms, tech, and demographics make India a key global growth driver.
India’s growth prospects, the report notes, are underpinned by a young, expanding workforce:
India’s trade with the G7 jumped 61% to USD 248 billion by FY25, maintaining a surplus.
PHDCCI attributes the rise to stronger export competitiveness and favourable global demand.
Addressing the recent G7 Outreach Session in Canada, Prime Minister Narendra Modi highlighted India’s leadership in:
The study identifies six strategic areas for collaboration that could yield “mutually beneficial growth”:
PHDCCI President Hemant Jain credited key reforms for driving India’s rise.
“These measures, combined with India’s demographic dividend and expanding digital ecosystem, are cementing India’s role as the world economy’s growth engine,” Jain said.
The chamber says India will stay a key global player this decade, backed by strong demographics, growing influence, and rising trade.
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