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India eyes $7-9 trillion economy by 2030: Arvind Panagariya

The Daily Guardian

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December 13, 2024

India's economy is on track to surpass the USD 7 trillion mark by 2030 even under the conservative growth estimates, according to Arvind Panagariya, Chairman of the 16th Finance Commission.

India eyes $7-9 trillion economy by 2030: Arvind Panagariya

Speaking at an event here on Thursday, Panagariya stated that with aggressive growth and pending reforms, the economy could potentially reach USD 9 trillion.

"Conservative, I would say, USD 7 trillion. Aggressive, I would say, USD 9 trillion. It's doable. A lot of the pieces are in place. If we implement a few more pending reforms, we can accelerate this growth," Panagariya remarked during the event.

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