Date: 22/02/2024

India seen needing to grow at 9-10 pc for 3 decades for $35 trn economy 

India needs to grow at an annual rate of 9-10 per cent for around three decades and constant innovations to become a USD 35 trillion economy by 2047, said India’s G-20 Sherpa and former NITI Aayog CEO Mr Amitabh Kant while addressing an event in Mumbai recently. India is the fifth largest economy in the world and by 2027 is expected to surpass Japan and Germany to become the third largest economy. The aim is that by the time it turns 100 in 2047, India should be a USD 35 trillion economy. With the liberation of policy by the government which supports start-ups, space and many other areas, young entrepreneurs should focus on sectors like artificial intelligence, logistics, health and education, he added, as per a report.
Source: Exim News Service: Mumbai, Feb. 21