Indian Economy News : NITI Aayog Chief Executive Officer (CEO) BVR Subrahmanyam said on Thursday that the Indian economy would overtake Germany and Japan in the next 3 years and can become the second largest economy in the world by 2047. Subrahmanyam, while addressing a program here, said that India can become the center of education for the world, as democracy is its greatest strength beyond all other things. Subrahmanyam said that India will be a stable supplier of working age groups worldwide. This will be our biggest strength.
World’s 5th largest Indian economy: He said that currently the Indian economy is the 5th largest economy in the world. By the end of the next year, we will become the 4th largest economy. In the later year, we will become the 3rd big economy. Latest data of International Monetary Fund (IMF) According to India’s economy size is currently US $ 4,300 billion.
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We will overtake Germany and Japan in 3 years: He said that we will overtake Germany and Japan in 3 years. By 2047 we can become the second largest economy (US $ 30,000 billion). Subrahmanyam urged all Indian firms including law and accounting companies to aspire to become the world. The CEO of NITI Aayog said that the problems of medium -income countries are extremely different from the problems of low -income countries. He said that it is not about giving food to the poor or providing clothes to the people. This is about how you become a knowledge -based economy?
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Subrahmanyam said that the world never saw a situation where the population will decrease. He claimed that Japan is serving 15,000 Indian nurses and Germany 20,000 health workers, as they do not have such professional people. Family arrangements have collapsed there. Subrahmanyam said that India will be a stable supplier of working age groups worldwide. This will be our greatest strength. (Language)
Edited By : Chetan Gour