Union Minister Jitendra Singh said India’s transformation from a “Fragile Five” economy to the world’s fourth-largest economy reflects growing national confidence, innovation strength and future-ready reforms.

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• Addressing the P. Parameswaran Memorial Lecture in Thiruvananthapuram, Jitendra Singh said India is on track to become the third-largest global economy soon.
• He stated that India’s shift from being labelled among the “Fragile Five” in 2014 to fourth-largest economy marks decisive policy and governance transformation.
• Speaking on the theme “Viksit Bharat @2047,” he emphasized science, technology and innovation as central pillars for national transformation and long-term economic strength.
• India has climbed from 81st rank in the Global Innovation Index in 2014 to 38th position, reflecting rapid growth in research and innovation capacity.
• The country now hosts over two lakh startups generating more than 21 lakh jobs, with strong participation from Tier-2, Tier-3 cities and women entrepreneurs.
• India ranks sixth globally in patent filings, with over 60 percent applications filed by resident Indians, highlighting domestic research capability expansion.
• Reforms in space and nuclear sectors have enabled private participation, strengthening indigenous technology, defence exports and expanding the national space economy.
• Highlighting National Education Policy 2020 and entrepreneurship schemes, he said these initiatives are empowering youth to drive India toward developed nation status by 2047.