The Indian economy will grow larger than Germany and Japan over the next three years. On Thursday, NITI Aayog CEO BVR Subrahmanyam said this. He also said that India can also become the second largest economy by 2047. According to PTI news, Subrahmanyam further said that India can become the center of education for the world as its biggest advantage is its democracy, keeping all other things separate. Currently, the Indian economy is the fifth largest economy in the world.
India’s economy size
According to the news, Subrahmanyam said that by the end of next year we will become the fourth largest economy. In the following year we will be the third largest economy. According to the latest data of the International Monetary Fund, IMF, the size of India’s economy is currently US $ 4.3 trillion. He said that we will grow up from Germany and Japan in three years. Not only this, by 2047 we can be the second largest economy (30 trillion US dollars).
Indian companies urge to aspire to become the world in the world
Subrahmanyam urged Indian companies, including the law firm and accounting firm, to be aspiring in the world. The CEO of NITI Aayog said that the problems of medium -income countries are very different from the problems of low income countries. Subrahmanyam said that it is not about feeding food to the poor or dressing bare people. This is about how you become knowledge economy. Subrahmanyam said that the world has never seen a situation where the population will decrease.
Working age will have a stable supplier
According to NITI Aayog, Japan is taking 15,000 Indian nurses, Germany is taking 20,000 healthcare personnel, as they do not have people and family arrangements are broken there. He said that India will be a stable supplier of working people worldwide. It is going to be our biggest strength.
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