With the impact of the foundational changes and the structural transformation that happened in the last few years, the CCI estimates that India will be a USD 35-45 trillion economy in 2047. And the country will join the league of developed nations, Union Minister for Commerce and Industry Piyush Goyal said on Sunday.
India is seen as the country driving global growth in 2047 because he invited the business community of southern California to invest in India.
Words of Goyal while addressing the business community of southern California:
Accessing the impact of the foundational changes and the structural transformation that has happened in the last few years, preparing India to rapidly grow. CII estimates India in 2-47 to have a 35-45 trillion economy, taking us into the league of developed nations, a prosperous country that cares for every single citizen of the country. We are proud to be the mother of all democracies. We are proud to have a vibrant judiciary, rule of law, robust media, and transparent government systems. India as an economy in 2047 can be seen as a powerhouse driving global growth.
The Union minister also invited the business community of southern California to invest in India, calling it a golden period. The next 25 years of AmritKaal is a very crucial time for the country. Goyal also said that the PM MODI will push the India growth story in the next 25 years.
- What is the period of the AmritKaal?
Ans. 25 years
- What is the full form of CII?
Ans. Confederation of Indian Industry
- At what time will India be a trillion economy?