Indian Ambassador to the US Vinay Mohan Kwatra said India is emerging as a global leader in reliable supply chains on the back of strong economic growth and structural reforms. He also stated the goal of India becoming a $30 trillion economy by 2047.
New Delhi [भारत]July 1 (ANI): Indian Ambassador to the US Vinay Mohan Kwatra said India is emerging as a global leader in reliable supply chains, and this transformation has been made possible by the country’s strong economic growth and structural reforms.
Kwatra made the remarks at the IX USISPF Annual Leadership Summit in Washington DC, the Indian Embassy said on its official Twitter handle. According to the post, Kwatra, while addressing the IX USISPF Annual Leadership Summit 2026, praised India for emerging as a “global base of reliable supply chains”.
“Ambassador Vinay Kwatra spoke at the IX USISPF Annual Leadership Summit in Washington DC, where he highlighted India’s emergence as a global base for reliable supply chains,” the post said.
According to social media posts, Kwatra attributed the turnaround to India’s domestic economic growth and structural reforms, which are also supported by strong and mutually beneficial partnerships abroad.
“He said this transformation is based on strong domestic economic growth and structural reforms, bolstered by strong and mutually beneficial partnerships abroad,” the post added.
Target of 25-30 trillion dollar economy by 2047
Speaking at the summit, Ambassador Kwatra also outlined New Delhi’s ambitious macroeconomic roadmap, which outlines a structured path for India to become a US$25-30 trillion economy by 2047. He said this transition will be supported by democratic flexibility and India’s ability to deal with complex global constraints.
Three pillars that drive development
He also emphasized that India’s growing global presence is no coincidence but is the result of three key pillars working together. He said, “I would say, first, our focus on economic growth and national prosperity; second, the kind of global headwinds that we see around us, which as I said, bring before us both opportunities and challenges; and third, the massive transformational measures taken in India, which have resulted in India now being about a US$4.3 trillion economy, moving towards 7 trillion by the end of this decade, by the mid-2030s.” 14 trillion and eventually reach the target of 25 to 30 trillion by 2047.” (ANI)
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