India may account for just 3.5% of the world’s GDP, but it’s driving close to a tenth of the planet’s economic expansion, a feat that underscores its growing influence on global markets, according to Nilesh Shah, Managing Director of Kotak Mahindra Asset Management Company (AMC).

Speaking at the Kotak International India Insight Summit in New York, as cited by The Indian Express, Shah said India’s economy is now the 'engine of the global growth train' and that its long-term market performance places it among the world’s most rewarding destinations for investors.

India’s rise as a growth engine

“India drives 8–10 percent of world growth, and on purchasing power parity (PPP) terms, our contribution to expansion nears 18 percent,” Shah said, as quoted by The Indian Express. “We are the eng

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