India’s Ambassador to the United States, Vinay Mohan Kwatra, has offered a strong reassurance to the investor community, particularly those based in the United States, about India’s economic fundamentals and its promising growth trajectory. He underlined the nation’s strategic efforts to attain a gross domestic product (GDP) between $28 trillion and $35 trillion by 2047, a milestone year that will commemorate 100 years of India’s independence.
Speaking at the United States-India Strategic Partnership Forum (USISPF) summit held in Washington D.C. on June 3, Ambassador Kwatra urged American investors to seriously consider the significant business prospects emerging in India. He emphasized that the current economic climate in India presents attractive and sustainable investment opportunities.
“You are looking at an economy, and therefore an investment and business opportunity, which is not only showing robust growth at this stage, but one which has the potential to grow even further,” Kwatra said, assuring attendees that India’s financial framework and market environment were both stable and conducive to foreign investment.
Kwatra’s remarks come at a time when India continues to position itself as a global economic engine. He detailed the country’s ambition to become a $28-$35 trillion economy over the next two decades, stating clearly that this is the vision for 2047, the centenary of India’s independence. This ambitious goal is rooted in deliberate policy measures, a growing domestic market, and increasing integration with the global economy.
“The Indian economy is not just about numbers, it is about quality and resilience,” he asserted. “By 2047, the 100th year of our independence, we are looking at an economy that is between $28 trillion to $35 trillion.”
Kwatra underscored that India’s economic advancement is being built on several solid pillars, including infrastructure expansion, digital innovation, ease of doing business, and a highly skilled workforce. He explained that the government’s continued push toward economic reforms, investment in modern technology, and improvements in logistics and connectivity have all contributed to making India a highly competitive investment destination.
The Ambassador pointed to macroeconomic indicators that demonstrate India’s resilience amid global headwinds. He noted that India’s inflation has remained within manageable limits, its foreign reserves are robust, and its current account deficit is under control—all of which are positive signals for long-term investors.
“Systemic stability is something we take very seriously,” Kwatra said, addressing concerns about geopolitical and economic uncertainty. “We have shown time and again that the Indian economy has the capacity to absorb global shocks and still move forward.”
He further highlighted the confidence that international financial institutions and global investors have shown in India. Referring to consistent foreign direct investment (FDI) inflows and the increasing presence of multinational companies in the Indian market, he said these were clear indicators of the world’s growing trust in India’s economic story.
In his speech, Kwatra also noted the critical role of U.S.-India economic cooperation in shaping the future of both countries. He described the United States as a “natural partner” in India’s development journey and praised the strong bilateral relations that span across trade, technology, energy, and innovation.
“The United States remains one of our most important and strategic partners. The trust and depth of this relationship continue to grow with every passing year,” Kwatra said.
He went on to describe how sectors like defense, clean energy, and digital technology are becoming key areas of collaboration. India’s participation in global supply chains and its initiatives in critical technologies, such as semiconductors and artificial intelligence, are providing new openings for U.S. businesses and investors.
According to Kwatra, India’s policy framework now actively encourages innovation and entrepreneurship. This is further supported by programs like Startup India and the Production Linked Incentive (PLI) schemes that have bolstered manufacturing and high-tech industries. He emphasized that these initiatives are not only creating jobs but also reinforcing India’s position as a hub for innovation and technology.
“Innovation-led growth is the future of the Indian economy,” he stated. “We are creating a fertile ecosystem for entrepreneurs and global businesses alike.”
Kwatra also cited the recent expansion of India’s digital public infrastructure as a strong testament to the country’s commitment to inclusive growth. He noted that platforms like Unified Payments Interface (UPI) and Aadhaar are helping bridge the gap between rural and urban economies, ensuring that development reaches all levels of society.
“The power of digital infrastructure is transformative,” he said. “We are not just building a digital economy; we are building a more inclusive and empowered India.”
At the summit, Kwatra encouraged American companies to look beyond traditional sectors and explore opportunities in emerging areas such as renewable energy, electric mobility, fintech, biotech, and space technology. He argued that India’s large consumer base, young population, and improving regulatory landscape make it a uniquely promising market for the future.
“Our growth story is backed by demographic strength, technology adoption, and a commitment to sustainability,” he told the gathering of investors and business leaders. “This is a moment to deepen our economic engagement and shape the future together.”
The ambassador also reaffirmed India’s strategic role in the Indo-Pacific region. He said India is playing an increasingly proactive part in shaping the geopolitical and economic architecture of the region, working with like-minded nations to ensure peace, prosperity, and stability.
“We believe in a free, open, and inclusive Indo-Pacific. India’s partnerships in this region are guided by mutual respect, shared values, and common goals,” he said.
Kwatra closed his remarks by reiterating the Indian government’s commitment to transparency, accountability, and good governance as key enablers of economic progress. He expressed optimism that India and the United States can together set new global benchmarks in economic collaboration, innovation, and sustainable development.
“India is ready. We are open. And we are committed to working with global partners to unlock our shared future,” he concluded.
Through this address, Ambassador Kwatra presented a compelling case for investing in India. His speech combined optimism with a detailed roadmap, assuring stakeholders that India’s rise is both intentional and inclusive. With a target GDP of up to $35 trillion by 2047, India is not just preparing for economic expansion—it is preparing to lead on the global stage.