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India to Become World's 3rd Largest Economy in 1.5 Years, Says CM

Madhya Pradesh Chief Minister Mohan Yadav, at the World Economic Forum in Davos, projected that India will become the world's third-largest economy within 1 to 1.5 years. He pitched Madhya Pradesh as a strategic investment hub, highlighting its advantages in electric vehicles and renewable energy, including solar power generation at the Omkareshwar Dam. The state government held investment roundtables and meetings with corporate leaders like ReNew Power's Sumant Sinha to explore further opportunities. Yadav also discussed expanding cooperation with the Maldives across tourism, fisheries, IT, and health sectors.

Key Points: India to be 3rd Largest Economy Soon, Says MP CM at Davos

  • India's strong growth trajectory
  • MP as EV & renewable energy hub
  • Largest-ever Indian delegation at WEF
  • Major strides in energy & IT sectors
  • International collaboration with Maldives
2 min read

India to become third-largest economy in 1-1.5 years, says MP CM Mohan Yadav at WEF in Davos

MP CM Mohan Yadav at WEF Davos says India will be the world's third-largest economy in 1-1.5 years, pitching MP as an EV & renewable energy hub.

"India is about to be the third-largest economy in 1-1.5 years. So, there is immense potential in Madhya Pradesh. - Mohan Yadav"

Davos, January 22

Madhya Pradesh Chief Minister Mohan Yadav said India's strong growth trajectory and rising global confidence are creating significant opportunities for states like Madhya Pradesh, as he pitched the state as a strategic investment hub at the World Economic Forum Annual Meeting in Davos, asserting that Madhya Pradesh, in particular, is attracting investments in electric vehicles and renewable energy.

Yadav said India has sent its largest-ever delegation to WEF, reflecting the country's growing global role. "India is marching ahead in every sector. India is about to be the third-largest economy in 1-1.5 years. So, there is immense potential in Madhya Pradesh," he told ANI on Wednesday, adding that the state has made major strides over the past two years in the energy, health, IT and tourism sectors.

Meanwhile, India became the world's fourth-largest economy in July 2025, surpassing Japan and marking a significant shift in Asia's economic balance, according to the Rubix Country Insights Report: Japan by Rubix Data Sciences. Highlighting renewable energy initiatives, the Chief Minister said Madhya Pradesh has emerged as a power hub, with solar power generation now underway at the Omkareshwar Dam, noting that around 32 lakh farmers have been provided solar pumps and claiming that the state offers the cheapest electricity rates in the country from renewable sources.

On the electric vehicle sector, Yadav said the state's central location, adequate land bank and power availability are drawing strong investor interest. "We have sufficient land bank, electricity. We are centrally located in the country. So, we have been receiving all kinds of proposal and in India, Madhya Pradesh is becoming the hub for it. Several people have signed an MoU with us in this direction," he said.

The Chief Minsiter also spoke about growing international engagement, including discussions with Mohamed Saeed, Minister of Economic Development and Trade of the Maldives. He stated that both sides see scope for collaboration across tourism, fisheries, IT, health and education, with plans for future visits to deepen cooperation.

Earlier, the Madhya Pradesh government held a roundtable titled 'Invest in India: Madhya Pradesh - A Strategic Investment Hub' at WEF, showcasing opportunities in automobiles, renewable energy, pharmaceuticals, textiles, IT-ITeS, agriculture and logistics. The state also held meetings with corporate leaders, including Sumant Sinha of ReNew Power, to explore expanding renewable energy and data centre investments, officials said.

- ANI

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Reader Comments

R
Rohit P
Becoming the 3rd largest economy is a proud moment, but let's ensure this growth is inclusive. The article talks about big investments and MoUs, but what about the common man? Will electricity stay cheap for households too, or just for industries?
A
Aman W
Great to see Indian states getting this global platform at Davos. MP's pitch is strong - central location, land, and power. The collaboration with Maldives in tourism and fisheries is also a smart diplomatic and economic move. Jai Hind!
S
Sarah B
As someone working in the renewable sector, this is very encouraging. The Omkareshwar Dam solar project is a massive step. If MP can truly offer the cheapest renewable power, it will attract massive manufacturing. The future is green!
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Vikram M
All this sounds good on paper. We hear these announcements every year at Davos. The real test is execution and whether these MoUs actually turn into factories and create employment. Hope the CM follows through.
K
Kavya N
The focus on IT and tourism alongside traditional sectors like agriculture and textiles shows a balanced approach. MP has so much potential with its heritage sites. If developed properly, tourism can be a huge revenue generator. 🤞

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