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The Economic Times
The Economic Times

ET World Leaders Forum: India set to be a growth market, but companies must up their game

India stands at a distinctive moment in its economic trajectory, with the scale, capabilities and global relevance to become one of the most consequential growth markets of the coming decade. With India projected to contribute roughly 20% of the world's economic growth over the next 15 years, the central question today for businesses is how to leverage the compounding advantages that India offers.

The India advantage today rests on seven structural strengths: a stable macroeconomic and political environment; a reform-oriented policy framework; a large and still underpenetrated consumer market; a deep and growing talent pool; a technology ecosystem competing at the frontier; a manufacturing base gaining relevance in global supply chains; and a widening trade architecture that is integrating India more deeply with global markets.

Stable base with a neutral global position

India's macroeconomic and political stability provides the predictability global investors increasingly seek. Fifteen years of stable government, sustained GDP growth, and policy continuity have strengthened confidence in India's long-term trajectory, with expectations of continued stability in the years ahead.

Also Read: Noel Tata, Darius Khambata, Deepak Parekh meet to discuss Tata Sons succession after N Chandrasekaran's exit

India also occupies a distinctive and balanced strategic position globally, underpinned by strong relationships with major economies and regions. For multinational companies, this matters strategically: it creates greater supply-chain optionality, expands technology and investment partnerships, and reduces dependence on any single geography. This combination of domestic continuity and international relevance is increasingly valuable to long-horizon capital.

Reform cycle that further continues

A decade of sustained reforms, including the GST, the Insolvency and Bankruptcy Code, and digital public infrastructure such as UPI and Aadhaar, has strengthened the foundations for formalisation, investment, and growth, with key policy priorities enduring across multiple election cycles.

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