India's GDP growth reached 7.8 percent in the most recent quarter, confirming its status as the fastest-growing major economy in the world for the third consecutive year. The country is simultaneously experiencing rapid expansion in manufacturing, digital services, renewable energy, and domestic consumption, a combination that has historically proved difficult to sustain but that Indian policymakers believe is structurally durable.
The global implications are significant. India is becoming a major alternative manufacturing destination to China for companies seeking to diversify supply chains. Apple, Samsung, and dozens of other technology companies have expanded Indian production substantially. The country is also reshaping geopolitical alignments, maintaining strategic autonomy between the US-led Western bloc and Russia-China sphere while extracting benefits from relationships with both.
