New Delhi: In the next three years, India will become the world’s third-largest economy, surpassing Germany and Japan, NITI Aayog CEO BVR Subrahmanyam said, the media reported on Thursday.
By 2047, India will become the second largest economy, he said.
Addressing an event, he also said that India can become an educational hub for the world, as its greatest advantage is democracy.
The Indian economy currently stands as the fifth largest economy in the world. It will be at the fourth spot by the end of 2026, and the third largest in 2027, he said.
According to the IMF data, the size of the Indian economy currently stands at USD 4.3 Trillion.
Subrahmanyam urged Indian companies, law firms and accounting firms to aspire to and become world leaders. He also highlighted the importance of becoming a knowledge economy.
According to him, Japan is taking 15,000 Indian nurses, and Germany 20,000 healthcare workers as they do not have people and the family systems have broken down there.
(Subham Singh)
