'India can be world’s 2nd largest economy in just 7 years & world's largest by...': RBI deputy governor makes big prediction

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Times of India 4d ago

'India can be world’s 2nd largest economy in just 7 years & world's largest by...': RBI deputy governor makes big prediction - Times of India

Quick Summary:

India can be the world’s second largest economy soon?

RBI deputy governor Michael Patra noted that the OECD already projects that in PPP terms, India will overtake the US by 2048 to become the second largest economy of the world.

However, he emphasized that India's time has arrived, starting from 2010, and several factors are converging to enable India to emerge as a world leader in the next two to three decades.