PM Modi eyes $5T economy as India outgrows Japan: Ambassador Kwatra on fiscal growth trajectory
Washington, DC: India's Ambassador to the US Vinay Mohan Kwatra, says "...You mentioned 4.1 trillion GDP that India touched recently. We now have Japan in our rearview. Prime Minister Modi has spoken about taking this to 5 trillion in the coming years, but the eventual goal which we are working towards is to take the Indian economy in the range of 28 to 35 trillion dollars by the year 2047, when we celebrate the centenary of our independence. When we talk of that, and if you position this in the perspective of an investor, for any investor, economic opportunity has to be one of the first drivers for a capital flow to happen. Suppose I'm a four trillion opportunity today looking to become 5, 10, and eventually 30-odd trillion opportunity; that whole journey is not enough in terms of numbers. In that case, it has to be combined with something which the investors truly value. First of all, I would say any investor would look for whether there is systemic stability in the economy, and whether there is systemic stability in the growth of the economy?..."
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