India’s rise to 4th largest economy will boost manufacturing & MedTech: AiMeD

New Delhi: India has become the  world’s fourth-largest economy, surpassing Japan — a nation synonymous with industrial excellence. This momentum reflects the collective efforts of 1.4 billion Indians and decades of determined progress.

Sharing his views, Rajiv Nath, Managing Director of Hindustan Syringes & Medical Devices Ltd (HMD) and Forum Coordinator of the Association of Indian Medical Device Industry (AiMeD), said that the milestone marks India’s transition from being seen as an emerging economy to becoming a global economic powerhouse.

“Japan has historically been a symbol of industrial excellence and discipline, and to surpass such a formidable economy signals India’s growing economic maturity, expanding influence, and increasing role in shaping global narratives. This isn’t just about the numbers — it’s about momentum, demographic strength, and the vast untapped potential of India’s young and dynamic population,” said Nath.

While celebrating the achievement, Nath emphasized that the focus must now shift toward improving per capita income, enhancing quality of life, and creating inclusive growth. “We must ensure that this economic rise translates into meaningful development at the grassroots level, across rural and urban India alike,” he added.

“As someone who is part of India’s manufacturing ecosystem, I believe this milestone also creates immense opportunity for sectors like medical devices. At Hindustan syringes & medical devices and as part of AiMeD, we have consistently advocated for stronger indigenous manufacturing and self-reliance in critical sectors. A growing economy allows us to scale up R&D, invest in new technologies, and become globally competitive,” Nath said.

He further stated that the recognition of India as a top-tier economy will boost investor confidence, drive global partnerships, and open doors for Indian manufacturers to lead not only in volume but in innovation and quality.

“It is our collective responsibility across industry, policy, and civil society — to channel this momentum into building a healthier, more prosperous India,” he concluded.

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