Indian Economy News

India: US$ 10 trillion economy by 2030

  • IBEF
  • October 17, 2016

The Indian economy is expected to grow by almost five times to reach US$ 10 trillion by 2030 as compared to the current US$ 2 trillion, according to Mr Arvind Panagariya, Vice Chairman, NITI Aayog. He further said that what China has achieved in the last 15 years, India has the potential accomplish it in the next 15 years and India can benefit from Chinese experience in manufacturing, urbanisation and creation of enough high productive jobs in the country.

In another significant development, a recently released report from Accenture said that US, China and India are expected to dominate the digital platform economy by 2020. Accenture’s Platform Readiness Index further said that China and India clearly benefit from their large base of digital users and high level of user savviness, particularly smartphone usage and thus have the biggest opportunity to grow and scale digital platforms.

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

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