India, Oct. 12 -- Shaktikanta Das, former governor of the Reserve Bank of India (RBI), stated that India is set to become the world's third-largest economy by 2028. The growth will be driven by structural reforms, fiscal discipline, and robust macroeconomic fundamentals, he said.

Delivering the Lecture on "Indian Economy in a Changing Global Order" at the 31st Annual Convocation of the Gokhale Institute of Politics and Economics (GIPE), on Saturday, Das said India's resilience and policy reforms over the past decade have positioned it as a key global growth driver.

He was also conferred the Doctor Honoris Causa (Honorary Doctorate) by the institute for his contributions to public service and economic policy.

"India's journey toward bec...