New Delhi, April 4 -- Currently the world's fifth-largest economy, India is on track to become the fourth-largest by the end of 2025 and the third-largest economy by 2027 - surpassing Japan and Germany, Union Minister of Commerce and Industry, Piyush Goyal, said on Thursday while crediting this growth to the robust startup ecosystem.

Goyal highlighted the need for investments in emerging technologies such as robotics, automation, machine learning, 3D manufacturing, and next-generation factories at the inaugural ceremony of the second edition of 'Startup Mahakumbh' here.

The minister said these innovations are essential for realising the vision of 'Viksit Bharat 2047' and establishing India as a global leader in industry and innovation. ...