Global Wealth Summit 2026: India could become far more central to the world economy, says Aletheia's Jonathan Wilmot

Strategist says the equity bull market that began in 1982 may still have time left but could face another major decline.

• India's global economic importance set to rise in coming decades
• India may become a key manufacturing and AI hub
• Structural and political challenges remain for India's growth

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India is likely to become far more important in the global economy over the next two to three decades, according to Jonathan Wilmot, Global Strategist at Aletheia Capital.

Speaking at the Moneycontrol Global Wealth Summit, Wilmot said India’s growing population and evolving role in global manufacturing could strengthen its economic position in Asia.

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“Over the next 10 to 20 years, and potentially over the next two or three decades, India is expected to become increasingly important economically.”

Manufacturing and AI opportunities

Wilmot said India could emerge as an alternative manufacturing destination while also participating in the expanding artificial intelligence ecosystem.

“India is expected to become increasingly important economically, including as an alternative manufacturing destination and as a participant in the evolving AI landscape.”

The shift comes as many economies face demographic decline and slowing workforce growth.

In contrast, India’s growing population gives it a different economic dynamic, Wilmot noted.

Challenges remain

Despite the positive outlook, Wilmot said India still faces a range of structural and political challenges.

“Despite this potential, the country also faces a range of structural, political, and economic challenges.”

However, he said the overall trajectory suggests India’s role in the global economy will expand significantly.

“India’s weight in Asia, and consequently in the global economy, is likely to become significantly more important in the years ahead.”