India's economy is booming but growth remains uneven.

India's economy is booming but growth remains uneven. The country has become the world's fastest-growing major economy since 2021, driven by a transformation in its services sector. Major corporations like Amazon, JPMorgan, Qualcomm, and MediaTek have established significant operations across Indian cities, with India now home to roughly one-fifth of the world's chip design engineers. This shift from low-cost back offices to high-tier talent and innovation centers has been remarkable. The government announced in December that India had overtaken Japan as the world's fourth-largest economy, though recent figures suggest this milestone will occur within the next year. This represents a historic achievement considering Japan was the world's second-largest economy just three decades ago. India's economy roughly doubles every decade compared to Japan's stagnation.