India must sustain the economic momentum
BUOYED by the International Monetary Fund’s (IMF) favourable forecast, India has become the fourth largest economy in the world, overtaking Japan. Only the US, China and Germany are ahead now, and the Niti Aayog is hopeful that if everything falls into place, India will reach the third position in around three years. It is apparent that India is coping better with heightened global trade tensions and Trump-induced tariff uncertainties than other major economies. This is a heartening sign, but there is no room for complacency. Sustained efforts need to be made to ensure that the gains are not frittered away.