FOREIGN INVESTMENT NEEDS POLICY CREDIBILITY BEYOND INDIA STRONG GDP GROWTH

What happened: Kyunghoon Kim of the Korea Institute for International Economic Policy said India must maintain policy credibility and continuity to sustain foreign investment inflows, and that strong growth alone may not reassure global investors. Key numbers: GDP grew 7.8 per cent in the first quarter; services expanded more than 12 per Why it matters: Kim said India could become the world's third-largest economy by 2031 or 2032, but sustaining growth requires continued investment, structural transformation and a supportive business environment, with inflation flagged as a risk to monitor.

Kyunghoon Kim of the Korea Institute for International Economic Policy said India must maintain policy credibility and continuity to sustain foreign investment inflows, and that strong growth alone may not reassure global investors.

Kim said India could become the world's third-largest economy by 2031 or 2032, but sustaining growth requires continued investment, structural transformation and a supportive business environment, with inflation flagged as a risk to monitor.