New Delhi, May 29 -- Chief Economic Advisor V Anantha Nageswaran on Thursday expressed confidence that India is on track to become a USD 5 trillion economy by 2027-28, even as the country navigates complex geopolitical challenges and positions itself to benefit from shifting global trade dynamics.

Speaking on India's economic trajectory, the CEA acknowledged that while the nation faces geopolitical headwinds, some sectors are expected to benefit from US tariffs, creating new opportunities for Indian businesses.

The CEA outlined five critical handicaps that India must overcome in its journey toward becoming a developed country by 2047.

The global model of capital-intensive growth sits oddly with India's abundant labour endowment, creati...