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‘Great Economies Are Not Built in Calm Waters’: Piyush Goyal Says, ‘India to Become Third Largest Economy by 2027’

  • Union Minister Piyush Goyal stated at a webinar hosted by MCCI on June 24, 2025, that India aims to become the world's third-largest economy by 2027.
  • He explained this ambition follows India's shift from the 'Fragile Five' to one of the top five global economies, underpinned by strong macroeconomic fundamentals and robust banking.
  • Goyal emphasized the government's focus on quantum change prioritizing inclusive, sustainable growth and highlighted MCCI's 124-year role in connecting commerce and industry.
  • He noted inflation is controlled, now down to 3%, and urged all stakeholders to seize this moment, affirming, “Great economies are built in turbulent seas.”
  • The stated outcome is that collective efforts aligned with Prime Minister Modi’s vision position India to reach a $5 trillion economy within three years and realize Viksit Bharat 2047.
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India Shipping News broke the news in on Tuesday, June 24, 2025.
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