Size of Indian economy can easily double by 2030: NITI CEO Subrahmanyam
India could easily double the size of its economy by 2030, NITI Aayog CEO BVR Subrahmanyam said on Wednesday. At an event organised by the Public Affairs Forum of India (PAFI), Subrahmanyam added that climate change is an opportunity for India to become a leader in climate technology. "Our economy should easily double by 2030...India's ambition to become the third-largest economy by 2026-2027 necessitates a cohesive grand strategy," he said. Currently, in US dollar terms, India is the fifth largest economy with a size of about USD 3.7 trillion in nominal terms. "India will be a big dominant player, it already matters and it will matter much more in global affairs, by 2047," he said. Subrahmanyam said by 2047, India will be among the world's youngest nations demographically, poised for prosperity, with a projected per capita income of around USD 18,000 to USD 20,000. "This growth is significant as India is expected to emerge as a major global player, building on the substantial ..
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