India needs regional cooperation to reach economic growth goals.

In the next five years, India may overtake Germany and Japan to become the third-biggest economy in the world, according to the International Monetary Fund (IMF) World Economic Outlook database, India media outlets reported.

The optimistic sentiment toward India's economy was buoyed when India overtook the UK as the fifth-largest economy in the last quarter of 2021. India is likely to become the third-largest economy in the world by 2029, a State Bank of India (SBI) research report forecast in September.

Just a decade ago, India's GDP was the 11th largest in the world. Now, with 7 percent growth forecast for 2022, India has reasons to be optimistic about its economic growth. But it will not be an easy task for the...