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Union Minister Jyotiraditya Scindia on Saturday said India is poised to surpass Germany to become the world’s third-largest economy by the end of 2027, attributing the growth to policy stability and institutional reforms under Prime Minister Narendra Modi.

Addressing the ‘YEF Bharat Summit 2025’ organised by the Young Entrepreneurs Forum Bharat here, Scindia said India’s economy has risen sharply in the global rankings over the past decade.

“India has moved from the 10th position 12 years ago to the fourth-largest economy today, overtaking Japan. By the end of 2027, India will surpass Germany to become the world’s third-largest economy,” he said.

Referring to India’s historical economic strength, Scindia said the country accounted for nearly 20 per cent of global GDP around 2,000 years ago. “Under Prime Minister Narendra Modi’s leadership, India is once again moving towards reclaiming its place on the global stage,” he added.

The minister said India’s economic perseverance has been key to its transformation, noting that the country’s GDP has grown from $2.3 trillion to $4.5 trillion in recent years.

Scindia also highlighted the government’s focus on manufacturing and ease of doing business. “India is moving towards becoming a global manufacturing hub, supported by consistent policies and deep institutional reforms,” he said.

He said the prime minister has repeatedly emphasised the need to repeal outdated colonial-era laws and resolve stakeholder concerns to improve the business environment.

Madhya Pradesh Chief Minister Mohan Yadav, who also addressed the summit, said the state has emerged as India’s fastest-growing state and urged young entrepreneurs to invest locally with a focus on innovation and social responsibility.

“The state offers a favourable environment, resources and infrastructure for industrial investment, and the government will extend all possible support,” Yadav said.

He said the Industry Department has been placed directly under the chief minister’s supervision to ensure faster decision-making and boost investor confidence.

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Yadav added that investment agreements worth Rs 32 lakh crore were signed at the Global Investors Summit held in Bhopal in February, and foundation stones for projects involving Rs 6 lakh crore have already been laid.