Mr. Rajiv Nath Forum coordinator-AiMeD
India’s imminent rise to the world’s fourth-largest economy marks a significant milestone in its economic journey, with far-reaching implications for industries like manufacturing and medical technology, according to the Association of Indian Medical Device Industry (AiMeD).
Rajiv Nath, Managing Director of Hindustan Syringes & Medical Devices Ltd (HMD) and Forum Coordinator of AiMeD, said the development symbolizes India’s transition from an emerging economy to a global powerhouse. “Surpassing Japan — long viewed as a beacon of industrial excellence — highlights our economic maturity and growing global influence,” Nath noted.
He stressed the importance of ensuring that economic growth leads to improved per capita income and inclusive development across both rural and urban regions.
Nath emphasized the impact of this economic progress on India’s manufacturing and MedTech sectors. “This is a unique opportunity to scale R&D, promote indigenous innovation, and become globally competitive. At AiMeD and HMD, we have consistently advocated for self-reliance in critical sectors,” he said.
The recognition of India as a top-tier economy, he added, will strengthen investor confidence, boost international collaborations, and pave the way for Indian manufacturers to lead in quality and innovation.