India doesn’t need to be the world’s factory to grow

This video is part of: Centre for Financial and Monetary Systems

Many emerging economies have grown by building factories. India is taking a different route. Already a global leader in services including coding, legal work, and telemedicine, tradable services now make up nearly 10% of its GDP. To sustain this growth, India must keep investing in healthcare, education, and skills, says former central bank governor @Raghuram-Rajan. #India is forecast to become the world's third-largest economy in the next few years. Learn more in our feature: https://www.weforum.org/stories/2026/01/india-at-davos-2026-growth-is-no-longer-the-question/