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Is India’s economic rise inevitable? There’s good reason to think that this latest round of Indo-optimism might be different than previous iterations, but the country still has major challenges to address to make good on this promise. In terms of drivers, demand in the form of a consumer boom, context appropriate innovation, and a green transition and supply in the form of a demographic dividend, access to finance, and major infrastructure upgrades are helping to push the country forward. This is facilitated by policy reforms, geopolitical positioning, and a diaspora dividend. Even so, the country faces barriers to success, including unbalanced growth, unrealized demographic potential, and unrealized ease-of-business and innovation potential.

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