https://sputniknews.in/20240103/india-to-become-4-trillion-economy-by-2024-elections-commerce-minister-6078289.html
India to Become $4 Trillion Economy by 2024 Elections: Commerce Minister
India to Become $4 Trillion Economy by 2024 Elections: Commerce Minister
Sputnik India
India, one of the world's fastest growing economies, grew at a robust 7.6 percent in the second quarter, well above market expectations of 6.8 percent and the... 03.01.2024, Sputnik India
2024-01-03T19:15+0530
2024-01-03T19:15+0530
2024-01-03T19:34+0530
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India will become a $4 trillion economy before the upcoming general elections, said Union Commerce Minister Piyush Goyal on Wednesday.India's national elections are scheduled to be held around April-May this year, in which people will vote to elect the Prime Minister and the federal government.Indian Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) is looking forward to coming to power for the third consecutive time, while India's main opposition party, the Congress, is looking forward to coming back to power.Commerce Minister Piyush Goyal's comments came after Bibek Debroy, chairman of the Prime Minister's Economic Advisory Council, shared similar thoughts in an op-ed published earlier this week."For now, $4 trillion in 2024 is a certainty," Debroy wrote.A recent report predicts that India, already an economic powerhouse and the world's fifth-largest economy, is poised to climb even higher, overtaking Japan to become the world's third-largest economy by 2030.
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India to Become $4 Trillion Economy by 2024 Elections: Commerce Minister
19:15 03.01.2024 (Updated: 19:34 03.01.2024) Deexa Khanduri
Sputnik correspondent
India, one of the world's fastest growing economies, grew at a robust 7.6 percent in the second quarter, well above market expectations of 6.8 percent and the Reserve Bank of India's (RBI) forecast.
India will become a $4 trillion economy before the upcoming general elections, said Union Commerce Minister Piyush Goyal on Wednesday.
"And in 2-2.5 years, the country will become a $5 trillion economy. By 2027, India will have the third largest GDP in the world as per every street estimate," the minister said while inaugurating the Aatmanirbhar Bharat Utsav in Delhi.
India's national elections are scheduled to be held around April-May this year, in which people will vote to elect the Prime Minister and the federal government.
Indian Prime Minister Narendra Modi's
Bharatiya Janata Party (BJP) is looking forward to coming to power for the third consecutive time, while India's main opposition party, the Congress, is looking forward to coming back to power.
Commerce Minister Piyush Goyal's comments came after Bibek Debroy, chairman of the Prime Minister's Economic Advisory Council, shared similar thoughts in an op-ed published earlier this week.
"For now, $4 trillion in 2024 is a certainty," Debroy wrote.
A recent report predicts that India, already an economic powerhouse and the world's fifth-largest economy, is poised to climb even higher, overtaking Japan to become the world's third-largest economy by 2030.
