India has emerged as one of the most buoyant economies globally, with an 8% growth forecast for decades, said Vice-President Jagdeep Dhankhar. Speaking at the 2nd edition of the Uttar Pradesh International Trade Show in Greater Noida, Dhankhar underscored Bharat’s rise as a nearly $4 trillion economy and a hub for global investment. “India is now a global happening place, and Uttar Pradesh is bubbling with activity,” he remarked, highlighting the state’s dynamic role in driving the national economy.

Dhankhar lauded India’s infrastructure advancements, including the addition of 8 new airports annually, the rapid metro network expansion, and the daily construction of 28 kilometers of highways. He also emphasised the significance of 12 new industrial zones being developed under Prime Minister Narendra Modi’s leadership, which will propel growth in emerging sectors like AI, electric mobility, and semiconductors.

“India now boasts the world’s second-largest metro network and has doubled the number of cities with airports from 70 to 140,” said Dhankhar. With over 800 million broadband users, India is the largest connected nation globally, further supported by robust digital financial systems. The Vice-President pointed out that India leads in digital transactions, clocking 13 billion transactions monthly, and has the third-largest startup ecosystem globally, featuring 117 unicorns.

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He emphasised the strategic importance of the semiconductor industry, predicting it will surpass $55 billion by 2026. Dhankhar also noted India’s shift from “Make in India” to “Conceptualise, Design, and Make in India,” reflecting a broader transformation in global manufacturing and innovation.

The event aligns with Prime Minister Modi’s ‘Atmanirbhar Bharat’ vision, which has progressed from “Vocal for Local” to “Local to Global.” Dhankhar lauded Uttar Pradesh’s evolution into ‘Uttam Pradesh’ under the leadership of Chief Minister Yogi Adityanath, noting that this synergy is crucial for achieving a “Viksit Bharat” by 2047.

He praised the CM for transforming the state, citing improved law and order as the bedrock of its economic resurgence. “Nothing is more important for investment than law and order,” Dhankhar remarked, lauding Yogi Adityanath’s role in fostering an investor-friendly environment.

The Vice President also highlighted Vietnam’s significance as the Partner Country at the trade show, stressing the growing cultural and economic exchanges between the two nations. “Vietnam’s impressive $435 billion GDP offers exciting prospects for collaboration,” he said.

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Dhankhar concluded by expressing confidence that Uttar Pradesh would achieve its target of becoming a $1 trillion economy by 2027, significantly contributing to India’s goal of a $5 trillion economy. He emphasised the state’s transformation into a growth engine, leveraging its natural resources, young workforce, and vibrant MSME ecosystem.

“Uttar Pradesh is no longer a sleeping giant; it is now a state in action,” the Vice-President stated, highlighting the state’s strategic importance in India’s economic journey.

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