India to drive 20% of global economic growth in next decade: Amitabh Kant
He noted that the country needs to transform the lives of people living in rural areas, improve health outcomes and enhance nutritional standards to become a developed nation by 2047
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G20 Sherpa Amitabh Kant has said that India will be driving 20 per cent of the world's economic growth in the next decade as it continues its march to become the third largest economy globally. He noted that India continues to be the fastest-growing large economy in the world and is the fifth-largest economy.
He stated ‘In the next three years, we will overtake Japan and Germany to be the third largest economy in the world. In a world which is starved for growth, India is an outlier and has emerged as a very resilient powerhouse driving growth.’
Moreover, he said ‘What we are witnessing today is a once-in-a-generation shift in our economic position. Just a few years back, we were in the fragile five, and from the fragile five, we moved to the top five in a decade.’ He noted that the country needs to transform the lives of people living in rural areas, improve health outcomes and enhance nutritional standards to become a developed nation by 2047.