India at take-off stage of devpt with young population, robust infra growth: Mobius

India is now at the take-off stage of development where the young demographic with higher productivity, digitization of the economy, and a robust infrastructure growth will help the country become a major global economy in the years to come, Mark Mobius, of Mobius EM Opportunities Fund, said on Tuesday.

India remains the world's fastest-growing economy with investment and private consumption driving growth. The IMF retained India's gross domestic product (GDP) growth forecasts at a robust 7 per cent and 6.5 per cent for FY25 and FY26, respectively.

Mobius told IANS that Prime Minister Narendra Modi's 'Digital India' and 'Make in India' programmes continue to maintain the momentum.