NEW DELHI: Niti Aayog on Sunday painted a rosy future for India saying the GDP is poised to grow at eight per cent over the next 15 years and that the size of the country’s economy would be around Rs 470 lakh crore ($7.25 trillion) by 2030 – a three-fold jump from $2.11 trillion in 2015-16.
“We could grow at 8 per cent in rupee and 10 per cent in dollar terms,” Niti Aayog vice-chairman Arvind Panagariya told reporters after the third Governing Council meeting here on Sunday.
Elaborating this further, Niti Aayog CEO Amitabh Kant said this is an average growth rate as it could not be the same in all years.
In the meeting, Panagariya made a presentation on the think tank’s 15-year long-term vision, accompanied by a seven-year strategy and a three-year action agenda, a government statement said. The statement added that Panagariya “gave an outline of the draft action agenda circulated at the meeting, which had been prepared with inputs from the states”.
Panagariya listed as many as 300 action points aimed at accelerating the economic growth of the country.
Kant said Niti Aayog will work with states to improve basic services and infrastructure, in districts and regions which require specific attention.
The Aayog, the statement said, is also working on a platform for sharing best practices to strengthen the learning ecosystem.