India will be the third largest economy by 2027-28: Mr. Piyush Goyal
- IBEF
- April 11, 2023
Union Minister Mr. Piyush Goyal while addressing the Indian diaspora community in France said that India will become the third-largest economy by 2027.
“We are currently the 5th largest economy. We will have the third-largest economy in the world by 2027-2028. By the time India celebrates 100 years of independence in 2047, its economy will grow to US$ 30-35 trillion,” said Mr. Piyush Goyal.
According to the Minister, exports totalled US$ 676 billion last year. He further said, “We had a target to reflect the sentiment of young and enthusiastic Indians. In the 75th Year of Independence, we crossed US$ 750 billion in exports.”
Mr. Goyal also said that India deeply values the partnership with France. "I am sure, each of you recognises that this partnership will see further growth, in terms of both opportunities and friendship. To further our partnership, you all will play a crucial role," he said while addressing the Indian diaspora in Paris.
He also praised the Indian diaspora, saying, "India with capabilities, capacities, competency, and confidence, is the New India what each one of you represents. As Rashtradoots, you are contributing to your Karmabhoomi and Matrabhoomi."
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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