India has officially become the fourth largest economy in the world, surpassing Japan—a milestone announced at the 10th NITI Aayog Governing Council Meeting. India’s GDP has now crossed the USD 4 trillion mark, earlier than many expected. From the 10th position just a decade ago to fourth today, this is a commendable achievement by any. The growth is particularly notable given the global economic challenges of recent years, including pandemic disruptions, inflationary pressures, and geopolitical instability. Despite these challenges, India’s economy has demonstrated impressive growth, fuelled by strong domestic consumption, a vibrant services sector, and expanding digital and manufacturing industries.

This economic ascent is not without its symbolism. Just a few years ago,........

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