New Delhi,3/6/2025:India has officially overtaken Japan to become the 4th largest economy in the world, a historic leap that reflects the strength, resilience, and aspirations of over a billion Indians.
Dr. Parmeet Singh Chadha, Global Chairman of the World Sikh Chamber of Commerce (WSCC), congratulated the Government of India and every citizen for achieving this monumental feat.
“This is not just a number. It is a national awakening. India is no longer the economy of the future — we are the economy of the now,”
said Dr. Chadha.
India’s Strengths:
* Young, skilled, and ambitious population
* Robust digital and fintech platforms like UPI, Aadhaar, ONDC
* Expanding manufacturing and PLI-led exports
* Rising global trust and diplomatic influence
Key Challenges:
* Need for large-scale employment and skill development
* Infrastructure modernization and inclusive urban planning
* Bridging the rural-urban, digital, and wealth divides
* Continued simplification of regulations and tax systems
What Industry Must Focus On:
* Green growth, global scalability, and ESG leadership
* R\&D, AI adoption, and digital-first innovation
* MSME empowerment and domestic value chains
* Brand India promotion across global markets
What the Government Should Continue:
* Easing business compliances and tax norms
* Accelerating FTAs and trade incentives
* Strengthening logistics, infra, and energy ecosystems
* Encouraging public-private partnerships for skilling
A Call to Action by WSCC:
As a global chamber of forward-looking Sikh professionals, WSCC stands committed to India’s next big leap — into the Top 3 global economies.
“We urge our members and entrepreneurs across industries to come forward, collaborate, and innovate with purpose. Together, let’s shape India’s century,”
Dr. Parmeet Singh Chadha concluded.
