India's Economic Growth and Challenges

India's economic growth under Prime Minister Narendra Modi has been significant, making it the world's fifth-largest economy with promising potential to reach third place by 2027. The key factors driving India's growth include investments in digital and physical infrastructure, creation of a single national market, and a strong emphasis on service exports like IT. However, challenges remain, such as the need to address the labor market issues where only a small fraction of the working-age population have formal jobs, highlighting the importance of boosting productivity and creating more employment opportunities.