India's self-reliance policies drive significant economic growth

India's economy is seeing significant growth, with a GDP of $4.15 trillion. This places India ahead of countries like Canada and the UK. With an annual growth rate of about 6.5% to 7%, India could become the third-largest economy by 2027, surpassing Japan and Germany. A major part of this growth comes from a shift towards self-reliance. The government promotes domestic manufacturing through initiatives like 'Make in India'. Programs such as Production Linked Incentives encourage growth in sectors like electronics and pharmaceuticals. The information technology industry also plays a crucial role, with companies like TCS and Infosys contributing significantly. Infrastructure development is vital for India's economic strategy. The government prioritizes modernizing transport and urban areas, investing $1.9 trillion from 2019 to 2025. Key projects like the National Infrastructure Pipeline aim to improve connectivity and efficiency, particularly in logistics and freight movement. Another factor in India’s growth is its young population. In 2023, India became the most populous country, with more than 1.4 billion people. Over half are under 25 years old, providing a strong workforce, especially in technology and services. This demographic advantage also positions India as an attractive market for businesses. To harness this potential, the Indian government focuses on education and skill development through programs like 'Skill India' and 'Digital India'. These initiatives prepare young people for the evolving job market. Additionally, India's military is expanding and modernizing, with a defense budget of about $82 billion. The country aims to become self-reliant in defense by increasing domestic manufacturing of military equipment under the 'Make in India' initiative. India is enhancing capabilities in areas like cyber warfare and space defense while forming strategic alliances to strengthen its global security position.