India is forecasted to become the world’s third-largest economy and stock market within five years, according to former NITI Aayog CEO Amitabh Kant. Speaking at a conference, Kant highlighted India’s recent growth rate of 8.3% and its projected contribution of nearly 20% to global economic expansion in the next decade. He emphasized the need for improved learning outcomes, skill development, and increased R&D spending to support India’s growth trajectory. Kant also credited reforms like the Goods and Services Tax and the Insolvency and Bankruptcy Code for driving India’s accelerated growth.