India to Surpass Germany, Japan in Growth by 2027, Eyes 30% of Global GDP by 2040: Amitabh Kant
May 19, 2024Amitabh Kant, G20 Sherpa for India and former Niti Aayog CEO, predicts India will contribute 30% to global GDP by 2035-2040.
Kant forecasts that India will surpass Germany and Japan in economic growth by 2027.
He emphasizes the need for structural reforms and collaboration between central and state governments to boost growth.
Kant calls for Indian companies to focus on quality and go global, especially in sectors like AI, green energy, and R&D.
He stresses the urgency of transitioning to electric vehicles, with the government allocating funds to support this shift.
Kant anticipates a surge in manufacturing of EVs and batteries, supported by incentives like the PLI scheme.
He highlights the next five years as crucial for India's growth, with a focus on sustainability and innovation.
Summary based on 2 sources
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Sources
CNBCTV18 • May 18, 2024
Amitabh Kant predicts India to contribute 30% of global GDP growth by 2035-2040