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    OPINION                                                            FEBRUARY 06, 2026       |  The Indian Eye 12

            took  India  60  years  since  indepen-
            dence to reach a GDP of US$ 1 tril-
            lion. India achieved a GDP of US$2
            trillion  in  another  7  years  in  2014.
            Thereafter India achieved US$3 tril-
            lion in another 7 years in 2021 and
            then achieved US$4 trillion in anoth-
            er just 4 years in 2025. India is likely
            to become a US$ 5 trillion GDP in
            another 2 years. It took India 60 years
            to transition to lower-middle income
            in 2007 from low-income country. In-
            dia is set to touch US$ 4000 per cap-
            ita in another 4 years in 2030 to tran-
            sition to an Upper Middle-Income
            country and join China and Indone-
            sia at current classification. Recently,
            India surpassed Japan to become the
            4th largest economy in the world. By
            2028 it will surpass Germany to be-
            come the 3rd largest economy after
            US and China. This internal trans-
            formation in India, fuelled by strong
            emphasis on structural domestic re-
            forms, high spending on infrastruc-
            ture, massive digital expansion, and
            emphasis on manufacturing, Start-
            Ups and R&D along with innovation
            are the key drivers of India’s growth.        President Droupadi Murmu meets Indonesian President Prabowo Subianto, at Rashtrapati Bhavan in New Delhi
            With the recent promulgation of
            SHANTI (Sustainable Harnessing                                       during his visit to India last year (ANI Photo)
            and Advancement of Nuclear Ener-
            gy for Transforming India) Act, new   Indonesia are India’s eighth largest   Indonesia. When the hospitals are    first mover in this area has been
            pathways for utilisation of nuclear   trading partner.              ready, Indonesia will conserve valu-  Indian Institute of Management,
            energy  including  by  installation  of   Following up on the outcomes of   able foreign exchange spent by its   Bangalore, a leading QS ranked
            small modular reactors (SMRs) and   the Presidential visit several forward   nationals on obtaining treatment   Business School, which proposes  a
            greater private sector participation   looking exchanges have taken place   abroad. Several Indian pharmaceu-  tie up with Singhosari SEZ for com-
            have emerged.                     in eight primary areas including dig-  tical companies are also building   mencing business management pro-
                Much like Indonesia, India too   ital, health, financial integration, en-  factories here and 2026 year will see   grammes.  Archaeological Survey
            has exhibited perseverance  and ad-  ergy, food sufficiency, defence, edu-  some of them commencing produc-  of India, which played a stellar role
            herence to the reform agenda. The   cation and culture have taken place.   tion. Training of health professionals   in the restoration of Angkor Wat in
            Modi Government has over the past   In the Digital and AI space, strong   has become an ongoing programme   Cambodia is now all set to begin co-
            year, rationalised taxation - both di-  Indonesian participation in the AI   and latest AI based training meth-  operation with the Ministry of Cul-
            rect  and  indirect;  consolidated  29   Impact Summit is expected with In-  odologies are being adopted. India   ture of Indonesia on the restoration
            disparate laws into 4 labour codes;   donesia as Co-Chair for the Working   is also committed to make available   of Prambanan Temple, as was decid-
            increased focus on the maritime   Group on Economic Growth and So-  in Indonesia a world class facility for   ed in the New Delhi Summit.
            economy; incentivised MSMEs and   cial Good at the Summit. Grounded   liver transplants with high survival   With India and Indonesia
            adopted an enlightened approach to   in ethical & human-centric advance-  rate. Indian entrepreneurs are in-  marching ahead firmly on their eco-
            trade  by  finalising  several  FTAs  in-  ment driven by principles of inclu-  volved quick roll out of the nutritious   nomic transformation journey led by
            cluding with UK and New Zealand   sion, together India and Indonesia   meals programme as well as support-  our common visions of Developed
            and  dismantling  protectionist barri-  can play a pivotal role in shaping the   ing  the  Merah-Putih  cooperatives.   India 2047 & Indonesia Emas 2045,
            ers including Quality Control Orders   Global AI discourse geared towards   The learnings from Indian cooper-  we as Comprehensive Strategic Part-
            (QCOs). Indonesian exports to India   People, Planet, and Progress. During   ative movement, particularly from   ners are not only deepening existing
            are benefiting from these measures.     2026 we also expect greater integra-  the branding experience of Amul can   bilateral ties, but also exploring new
            As we read this piece, India is about   tion of our digital economies with the   be useful in the Indonesian context.     frontiers of cooperation in space,
            to conclude the FTA with the EU, just   UPI-QRIS tie up in place, collabora-  There are initiatives in the pipeline   defence and critical minerals.  As
            as Indonesia concluded IEU-CEPA a   tions between capital markets as well   to bring world class educational in-  our two countries exhibit leadership
            few  months  before.  One  unfinished   as Central Banks of both countries   stitutions to Indonesia. The dramat-  of  the  Global  South  by  registering
            part of the agenda for both India and   agreeing to settlements in local cur-  ic reduction of solar power tariffs   strong economic performance, com-
            Indonesia is concluding the revision   rencies. The Indonesian e-commerce   in  India  has  generated  curiosity  in   mitment to domestic economic re-
            of the ASEAN-India Trade in Goods   space will also brighten up this year   Indonesia and Indian entrepreneurs   form and social inclusion, by further
            Agreement (AITIGA) and initiation   with the entry of network centric   are now involved  in its replication   strengthening our bilateral ties, we
            of discussions on the bilateral trade   open and inclusive digital commerce   here in  Indonesia.  In  defence the   can together brave the current geo-
            agreement. In the haze created by   architecture.                   Indian endeavour has been to share   political storms with greater resolve
            tariff narratives, we sometimes lose   Indian hospital giant, Apollo   the learnings from our defence in-  and fortitude.
            sight of the ground reality that India   Hospitals has teamed up with May-  dustrialisation through which import
            is Indonesia’s fourth or sometimes   apada Hospitals to offer interna-  dependence is being progressively   Sandeep Chakravorty is India’s
            third largest export destination and   tional standard healthcare here in   reduced. A                      ambassador to Indonesia

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