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Date: 12/08/2024

India seen a $55 trn economy by 2047: Ex CEA

India can be a $55 trillion economy by 2047 as it is targeting 8% real growth and 5% inflation, said Mr Krishnamurthy V. Subramanian, Executive Director, International Monetary Fund & Former Chief Economic Advisor, Government of India, while speaking during the launch of his book ‘India @ 100: Viksit Bharat 2047’ at an event organised by the Confederation of Indian Industry (CII) in Chennai. The compounding effect on GDP growth means that each year of growth builds on the previous year’s achievements, creating exponential progress. China’s economic growth since 2007 offers a similar comparison, highlighting how strategic investments and policies can lead to significant long-term economic gains. One of the most important components is manufacturing and integrating into global value chains, as per a report.
 
Source: Exim News Service: Chennai, Aug. 11



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