India to be third largest economy by FY28, developed nation with USD 30 tn GDP by 2047: FM
Gandhinagar, Jan 10 (PTI) Finance Minister Nirmala Sitharaman said on Wednesday exuded confidence that India will become the world’s third largest economy worth over USD 5 trillion by 2027-28 and a developed nation by 2047, with GDP touching USD 30 trillion.
India, with a GDP of roughly USD 3.4 trillion, is currently the fifth largest economy in the world, after the US, China, Japan and Germany.
Sitharaman said during the Amritkal, which will mark 100 years of India’s Independence in 2047, emphasis is being given to sunrise industries. Also, the FDI policy of the Narendra Modi Government has helped attract foreign investment, with USD 595 billion coming in the last 9 years.
