Union Commerce Minister Piyush Goyal projected India's economy to reach USD 10 trillion by 2030 and USD 15 trillion by 2034, emphasizing a focus on improving citizens' quality of life. Currently estimated at USD 3.7 trillion, India's GDP is poised to become the world's third-largest at USD 5 trillion within three years.
During the October-December quarter of 2023-24, India's GDP surged by 8.4 percent, maintaining its position as the fastest-growing major economy. Responding to criticisms that growth benefits are not widespread, Goyal highlighted the government's achievements in housing, food distribution, healthcare, energy access, and sanitation.
Looking ahead, Goyal foresees increased foreign investments, positioning India as a reliable partner. He predicts a surge in technology and investment inflows, fostering economic activity, job creation, and innovation opportunities for startups. This growth is not only vital for India's development but also positions the country as a global sourcing hub, meeting the needs of both domestic and international markets.
#trending #latest #INDIA#TRILLION ECONOMY#ECONOMY#PIYUSH GOYAL
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