India to Surpass Germany, Japan in Growth by 2027, Eyes 30% of Global GDP by 2040: Amitabh Kant

May 19, 2024
India to Surpass Germany, Japan in Growth by 2027, Eyes 30% of Global GDP by 2040: Amitabh Kant
  • Amitabh 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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