<h1>India on track to become world's third-largest economy by 2027 with strong banking system and low inflation</h1> The Commerce and Industry Minister addressed a webinar on India's path to a $5 trillion economy, emphasizing the government's focus on quantum change through service, good governance, and innovation. The Minister stated India is on track to become the world's third-largest economy by 2027, highlighting strong macroeconomic foundations including a robust banking system and low inflation at 3 percent. The official noted India's transition from the 'fragile five' to top five global economies, citing improved international standing and successful defense of national interests. The Minister praised the hosting chamber's role in bridging government-industry relations and emphasized that great economies are built during turbulent times, positioning this as India's moment to seize opportunities despite global uncertainties.