India Wants To Be the World's Next Growth Driver.

India is experiencing robust economic growth rates and has the potential to become the new engine of global economic growth as China slows down. Prime Minister Narendra Modi aims to turn India into a manufacturing powerhouse and expand its manufacturing capacity to a quarter of the country's GDP. However, India faces challenges such as the need for strategic investments, improved infrastructure, increased labor force participation, and urban development. Despite these challenges, India's economic ambitions have attracted foreign investment and positioned it as a potential partner for the US in countering China's influence. [Extracted from the article]