India’s economy is projected to grow to $7 trillion by 2030, according to CEA Nageswaran.
According to Chief Economic Advisor V Anantha Nageswaran, India’s economy will reach $7 trillion by 2030. By March 2023, the GDP of the nation is projected to be $3.5 trillion, and historically during the previous 30 years, despite the depreciation of the rupee, India’s dollar-GDP has increased at a rate of 9%. The CEA claimed that there have been instances when the rupee strengthened, and during those times India’s GDP grew by double digits. “So in general, if we take 10 per cent growth rate in dollar terms, the value doubles in seven years. So if India’s dollar GDP grows…