11% growth over next decade could make India world’s second largest economy by 2031: RBI Deputy Governor
“Currently, India is the third largest economy in the world in PPP terms, with a share of 7% of global GDP after China and the U.S.,” says Michael Debabrata Patra.
If India achieves a growth rate of 11% into the next decade, it would become the second largest economy in the world not by 2048 as projected earlier, but by 2031, said Michael Debabrata Patra, Deputy Governor, Reserve Bank of India (RBI) on Saturday…
To read more: https://www.thehindu.com/business/Economy/achieving-11-growth-rate-in-next-decade-possible-if-india-capitalises-on-demography-manufacturing-exports-patra/article65765440.ece
SOURCE: THE HINDU