Indore, December 20: Praising the policies and institutional reforms initiated by the Centre under the leadership of Prime Minister Narendra Modi, Union Minister Jyotiraditya Scindia on Saturday expressed confidence that India will overtake Germany to become the world’s third-largest economy by the end of 2027.

Scindia was addressing the YEF Bharat Summit 2025 organised by the Young Entrepreneurs Forum Bharat.

He said, “India was once known as the golden bird. Nearly 2,000 years ago, India’s share in global GDP was 20 per cent. Under Prime Minister Narendra Modi’s leadership, India is moving forward with this vision and will emerge as a global star.”

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

Without naming the country, Scindia said India has already overtaken the nation that tried to rule it for 200 years in the race for economic growth.

He stressed that resilience defines India, saying, “This steadfastness has transformed India from a $2.3 trillion GDP economy into a $4.5 trillion GDP economy.”

The Union Minister said the country is moving towards becoming a major global manufacturing hub through “stable policies and deep institutional changes” brought by the Modi government.

Scindia said, “In every Cabinet meeting, the Prime Minister instructs us ministers to throw colonial-era laws into the dustbin. He asks us to engage with all stakeholders to improve ease of doing business and resolve their problems.”

Madhya Pradesh Chief Minister Mohan Yadav, who also addressed the conference, said the state has emerged as one of the fastest-growing states in India. He urged the large number of young entrepreneurs present to move forward with innovation, clarity of thought and social responsibility, and to invest more in the state.

The Chief Minister said the state offers a favourable environment, resources and facilities for industrial investment, and assured that the state government will provide all possible support to investors.