Nagpur, June 4 -- Aditya Birla Group Chairman and Padma Bhushan awardee Kumar Mangalam Birla on Thursday said India is passing through a historic phase of transformation and possesses a once-in-a-generation opportunity to emerge as a global economic powerhouse, driven by its demographic strength, infrastructure growth, digital transformation and expanding financial ecosystem.

Addressing the public valedictory function of the RSS Karyakarta Vikas Varg-Dwitiya at Reshimbagh Ground in Nagpur, Birla said centuries of colonial rule may have weakened India's self-confidence, but the country has now emerged as the world's sixth-largest economy and is advancing rapidly towards greater prosperity.

Referring to Prime Minister Narendra Modi's visi...