According to global financial services firm Goldman Sachs, India can sustain an 8 per cent growth rate till 2020 and will overtake the United Kingdom as the world's fifth-largest economy by the middle of next decade at this pace.
Global ratings agency Standard & Poor's has also raised India's sovereign credit rating to investment grade after a gap of nearly 16 years.
The Goldman Sachs report forecasts that India's GDP will surpass Italy, France and the UK by 2015.
It will then overtake Germany, Japan and finally the US before 2050, to emerge as the second-largest economy after China. From 2007 to 2020, India's GDP per capita is likely to quadruple, the report said.
What are your views on India's growth? Do you agree with this forecast?
Do you think India can beat the superpowers? Will it emerge as the second-largest economy after China?
Tell us your views.