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| India To Become 10 Trillion Dollar |
| India To Become 10 Trillion Dollar Economy In 15 Years: Arvind Panagriya
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| INDIA
, 7-October-2016
20:16:6 PM |
| If India continues to reform and grow, it could become a 10 trillion dollar economy in the next 15 years said NITI Aayog vice-chairman and noted economist Arvind Panagriya. Currently India's economy is estimated to be worth nearly 2 trillion dollars.
"India started rapid growth a little later than China, but now it has the potential to accomplish in the next 15 years what China did in the last 15 years. It's Gross Domestic Product (GDP) could touch 10 trillion dollars in the next 15 years," Mr Panagriya said.
He also emphasized that India did not have to compete, but rather cooperate with China to achieve high growth.
"With China promoting investment, and India seeking investment, it should enable it to take advantage of the synergies and put in place a vigorous framework to strengthen bilateral investment relationship," he said.
Pointing out that India had much to learn from China's experience in the manufacturing sector, he said that India and China were the "two bright spots" in an otherwise dull global economy.
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