India’s economy is headed for a huge leap, on its way to touching the $7 trillion mark by the end of this decade!At the IX USISPF Leadership Summit 2026, India’s ambassador to the United States, Vinay Mohan Kwatra, laid out a long-term growth roadmap for the country, pointing to a series of big economic jumps ahead.Kwatra said that India, currently a roughly $4.3 trillion economy, is heading towards a major scale-up in the coming years.“India is now roughly $4.3 trillion economy heading into $7 trillion by the end of this decade, hoping to transition to $14 trillion by middle of 2030s and eventually reaching $25 to $30 trillion goal by 2047.”The envoy further added, “Given the kind of challenges and disruptions we face, PM Modi’s India is not just an indispensable bridge, but an indispensable anchor of the global order, economic growth… We look forward to working with the US and other G20 partners closely in ensuring the success of the upcoming Summit…”Meanwhile, US ambassador to India, Sergio Gor, signalled that India and the US are closer to sign the trade deal. Speaking at the sidelines of the summit, he said that Washington would “love to have” Prime Minister Narendra Modi visit the United States again, while also expressing confidence that the proposed interim India-US trade agreement would be finalised “sooner rather than later”.Gor noted that US President Donald Trump remains closely engaged in India-US relations and emphasised the importance of institutionalising regular Quad ministerial meetings.“Secretary Marco Rubio invited PM Modi while visiting him… We love to have him back here. And I know he’s coming in December for the G20,” Gor said.He also spoke about his recent interaction with President Trump, saying he briefed him on his visit to India and the strengthening economic ties between the two countries.“I have been with the President for 10 years, so a large part of the conversation was like two friends catching up… but I also told him about my visits to India… I also spoke to him about the growing trade relations. On both sides, we see businesses coming here and going there every week, and it is a win-win situation for both,” he said.On the interim trade agreement, Gor said discussions were progressing, though the deal involved thousands of items and required extensive legal work.“Ambassador Greer has the President’s full confidence, and so we are getting close to finalising that. But these things are complex legal things, and this is not one page. We have thousands of items between our two nations that we are working on. And so the fact that we’ve gone so far, that is a great sign for the relationship, and I am hopeful that we will be able to wrap this up sooner rather than later,” he said.When asked about a possible visit by Trump to India, Gor indicated it could take place next year.“It’s not any time during the midterms. It has to be somewhere next year… We would love to make that happen sooner rather than later,” he said.Earlier on May 23, Gor had said that US secretary Marco Rubio had extended an invitation on behalf of Trump for PM Modi to visit the White House during Rubio’s visit to India from May 23 to 26.The 2026 G20 Summit is scheduled to be held in Miami, Florida, on December 14–15, marking the first time the United States has hosted the G20 Leaders’ Summit since 2009.