Washington [US], June 3 (ANI): India’s Ambassador to the United States, Vinay Mohan Kwatra, underscored the country’s robust economic momentum and long-term aspirations during his remarks in Washington, stating that India is now targeting a $28–35 trillion economy by the year 2047, coinciding with the centenary of its independence.
“You mentioned the $4.1 trillion GDP that India touched recently. We now have Japan in our rearview,” said Kwatra, referring to India surpassing Japan to become the world’s third-largest economy by nominal GDP. “Prime Minister Modi has spoken about taking this to $5 trillion in the coming years, but the eventual goal which we are working towards is to take the Indian economy in the range of $28 to $35 trillion by the year 2047.”
Kwatra emphasized that this ambitious economic journey must be supported by systemic stability to attract sustained global investment. “If I’m a four trillion opportunity today looking to become five, 10, and eventually 30-odd trillion, that journey is not enough in terms of numbers. It has to be combined with something investors truly value—systemic stability in the economy and in its growth,” he said.
His remarks come as India continues to strengthen its strategic and economic relations with the United States. Most recently, Foreign Secretary Vikram Misri visited Washington, D.C. from May 27 to 29, where he led high-level meetings with senior U.S. officials across multiple government departments.
During this visit, the two sides followed up on Prime Minister Modi’s February trip to the U.S., where the India-U.S. COMPACT (Catalyzing Opportunities for Military Partnership, Accelerated Commerce & Technology) initiative was launched to boost collaboration in defence, trade, and emerging technologies.
According to the Ministry of External Affairs (MEA), Foreign Secretary Misri met with officials from the State Department, National Security Council, Departments of Defense, Treasury, and Commerce. He was accompanied by Deputy National Security Advisor Pavan Kapoor.
At a luncheon with Deputy Secretary of State Christopher Landau, both sides reaffirmed that Technology, Trade, and Talent would form the cornerstone of the 21st-century India-U.S. partnership.
In meetings with Deputy Secretary of Defense Steve Feinberg and Under Secretary for Policy Elbridge Colby, the two sides committed to strengthening defence cooperation, focusing on co-development and co-production initiatives, sustained joint exercises, and improved interoperability frameworks.
Discussions with Deputy Treasury Secretary Michael Faulkender explored deeper financial ties, cooperation within international financial institutions, and alignment on upcoming Financial Action Task Force (FATF) priorities.
With Under Secretary of Commerce Jeffrey Kessler, the conversation centered around progress on the India-U.S. Bilateral Trade Agreement, streamlining export control laws, and expediting the next round of the Strategic Trade Dialogue.
Consistent with the goals of the COMPACT initiative, the Indian delegation also held in-depth inter-agency discussions on a range of issues, including energy security, the TRUST initiative, regional cooperation in the Indian Ocean, counter-terrorism, and multilateral partnerships such as the Quad, I2U2, and IMEEC.
The delegation also hosted a roundtable with industry representatives to deepen collaboration in critical and emerging technologies and engaged with members of Washington’s think tank community to broaden the India-U.S. strategic dialogue.
Ambassador Kwatra’s remarks and the outcomes of the recent high-level engagements reflect India’s firm focus on long-term economic resilience, investor confidence, and global partnership as key drivers of its path to becoming a $30 trillion economy by 2047. (ANI)
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