GROWTH AND IMPACT OF INDIAN ECONOMIC DEVELOPMENT

Abstract

India’s economic development has been characterized by rapid transformation, driven by structural reforms, globalization, and technological progress. Since liberalization in 1991, the country has experienced sustained GDP growth, becoming the world’s fourth-largest economy by 2025. Key drivers include industrial expansion, service sector dominance, digital innovation, and strong domestic demand. This growth has elevated India’s global economic standing, attracting foreign investment and fostering entrepreneurship.