Indian Economy News

GDP to grow 8% in FY16; hit $3 trn mark in 5 years: Panagariya

  • IBEF
  • June 30, 2015

New Delhi: According to NITI Aayog Vice Chairman Mr Arvind Panagariya, India's growth rate is expected to reach eight per cent in the current year and to cross the US$ 3 trillion mark in less than five years. The Indian economy, currently the third largest economy in Asia with a current size of US$ 2 trillion,  grew 7.3 per cent in 2014-15. Led by special initiatives like Make in India, India is expected to capture bigger share of global exports and boost its manufacturing sector growth. Mr Arvind Panagariya was optimistic about India's economic growth despite a sluggish global economy.    

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

Partners
Loading...