NEW YORK, February 18, 2025 — India is on a remarkable trajectory, emerging as a global economic powerhouse, and is projected to become the world’s third-largest economy by 2030. However, this journey comes with challenges—navigating global uncertainties, addressing structural hurdles, and leveraging domestic strengths for sustainable growth will all be crucial. Looking ahead, Farwa Aamer, director of South Asia Initiatives at the Asia Society Policy Institute, speaks with Dr. Arvind Panagariya, chairman of the Sixteenth Finance Commission of India (in the rank of Cabinet Minister, Government of India), to explore India’s vision of becoming a developed economy by 2047. Their discussion covers the key structural reforms needed in the short term, India's evolving role on the global stage, and the nation's G20 journey and climate resilience ambitions. They also examine the future of U.S.-India economic and trade ties following the recent meeting between Prime Minister Narendra Modi and President Donald Trump. (40 min., 5 sec.)