India Poised to Become Global Economic Hub, EY Report Indicates
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India Poised to Become Global Economic Hub, EY Report Indicates

An EY report suggests India is poised to become a global economic powerhouse, potentially serving as the 'office of the world' within two decades. This outlook is attributed to its IT leadership, digitalization, entrepreneurship, and favorable demographics. The report emphasizes India's shift from cost arbitrage to high-value digital services and highlights the role of digital public infrastructure in reducing business costs and increasing transparency. Addressing the credit gap through accelerated credit growth and a developed bond market is also identified as crucial for sustained economic expansion.

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