Mumbai, India's rise in the next five years will be like a rocket defying gravitational force, Vice President Jagdeep Dhankhar said on Friday, attributing the exponential growth of the country's economy to a transparent and accountable mechanism already in place.

Terming India's rise as incremental and unstoppable, he asserted that the world's fifth-largest economy has reached a stage in the last decade where global institutions are now seeking its advice rather than giving it.

Delivering a lecture at Narsee Monjee Institute of Management Studies (NMIMS) University, Dhankhar maintained that India is receiving praise from global institutions.

He said that education is the most impactful transformative mechanism to ensure equality.

"India was considered a sleeping giant, but it is no longer. We are on the move, our rise is gradual, unstoppable and is receiving praise from global institutions," he emphasized.

Painting an optimistic picture of the country's future, Dhankhar declared that India's rise in the next five years will be like a rocket defying the gravitational force.

The vice president insisted that India has reached a level where global institutions that once tried to give him advice are now looking to him for suggestions, adding that all this has happened in barely a decade.

The decision-making process in the country is currently inspired by a transparent and accountable mechanism and as a result has witnessed exponential growth of the economy, he noted.

Dhankar said the size of the Indian economy in 1990 was not even equal to that of the cities of London and Paris. It is now ahead of the economies of the United Kingdom and France.

The vice president highlighted the crucial role of higher education in shaping the nation's future.

"As we commemorate the centenary of our independence (23 years from now in 2047), the vision of a developed India beckons us with deep responsibility and promise. Higher education institutions are the foundation on which this vision will be realized, nurturing not only knowledge but also innovation, entrepreneurship and social values," he stressed.

Dhankhar urged educators to foster interdisciplinary approaches, industry collaborations and a curriculum that equips students with the skills and mindset to meet contemporary challenges with creativity and conviction.

As India moves towards 2047, it is imperative that the country preserves and promotes its rich cultural heritage while adopting global best practices, he said.

"You have a responsibility to instill in our young people a sense of pride in our civilizational spirit, even as you prepare them to be global citizens," the vice president said at the meeting.

Furthermore, he said, the concept of Viksit Bharat - a developed India - is not merely a goal but a sacred mission that requires every citizen and institution to contribute maximum.

Higher education institutions are central to the mission of achieving developed nation status and serve as "architects of tomorrow's India" through the knowledge they impart, the skills they foster and the values ​​they instil, Dhankar said.

Emphasizing the need to create solutions that are accessible, affordable and sustainable, the vice president said, “Viksit Bharat will not be built on air-conditioned offices alone.”

"It will be built in the villages, in the urban slums, in the remote areas of our country. As you advance in your careers, always keep an eye on the terrain. Understand the real challenges facing your fellow citizens." he told the audience at the prestigious management institute.