India's growth powered by agriculture and AI, experts say at Summer Davos
Synopsis
Key Takeaways
India is poised to sustain its position as one of the world's fastest-growing major economies, with agriculture and emerging technologies identified as twin engines of future expansion, experts said on Tuesday, 23 June at the World Economic Forum's Annual Meeting of the New Champions — commonly known as Summer Davos — in Dalian, China.
WEF's Confidence in India's Trajectory
Mirek Dušek, Managing Director of the World Economic Forum, described India as one of the most consequential economies in the current global landscape. 'India is making a significant contribution to global growth, and we remain optimistic about its future. We expect the Indian economy to continue growing strongly in the years ahead,' Dušek said.
He noted that the Summer Davos gathering has convened innovators, technology leaders, policymakers, and business executives from across the world to foster collaboration and develop solutions to pressing global challenges. Dušek also underscored the transformative potential of artificial intelligence, advanced manufacturing, and digital platforms in driving productivity and sustaining global economic momentum.
Agriculture as a Pillar of India's Rise
Prof. Rattan Lal, Padma Shri awardee and distinguished university professor of soil science at The Ohio State University, argued that agriculture will be central to India's growth story as the country accelerates toward becoming the world's third-largest economy. 'India is on track to become the world's third-largest economy, and agriculture will play a key role in that growth,' Lal said.
Prof. Lal emphasised the critical importance of improving soil health and adopting sustainable land management practices to boost agricultural productivity. He stressed that without addressing soil degradation, gains in other sectors risk being undermined by food security pressures.
Technology Transforming the Farm
Beyond conventional methods, Prof. Lal highlighted how artificial intelligence and digital tools can fundamentally reshape Indian agriculture. AI-driven soil testing, he said, can make the process faster, more affordable, and more accessible for smallholder farmers — enabling data-informed decisions that improve crop yields and reduce input waste.
This comes amid a broader global push to integrate precision agriculture into developing economies, where the gap between available technology and farmer access remains wide. India, with its 140 crore-plus population and a farming community that still accounts for a significant share of the workforce, stands to gain disproportionately from such tools.
About Summer Davos 2025
The Annual Meeting of the New Champions commenced on 23 June and is scheduled to conclude on 25 June in Dalian. The forum brings together leaders from business, government, academia, and international organisations to deliberate on innovation, entrepreneurship, and economic development. India's prominence at this year's discussions reflects its growing weight in shaping the global economic conversation.
As India eyes the third-largest economy milestone, the convergence of agricultural modernisation and technology adoption will likely determine whether that growth is broad-based or concentrated — a question that experts at Dalian appear keen to answer.