India is poised to become the world's third-largest economy by 2030, with an estimated 7% GDP growth in the fiscal year 2026-27. Currently, India is the fifth largest, behind the US, China, Germany and Japan. Realizing the full potential of India's labour market will primarily hinge on the upskilling of workers and a rise in the engagement of women in the workforce, S&P Global has said. "Success in these two areas will enable India to realize its demographic dividend."