Friday, July 11, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

India would become USD 10 trillion economy by 2033-34, says Chief Economic Adviser V Anantha Nageswaran

by zee business
June 16, 2022
in Finance
Reading Time: 4 mins read
A A
0
Home Finance
Share on FacebookShare on Twitter


Chief Financial Adviser (CEA) V Anantha Nageswaran on Tuesday mentioned India would turn into a USD 5 trillion economic system by 2026-27 and USD 10 trillion by 2033-34. Addressing an occasion organised by UNDP India, Nageswaran mentioned India is comparatively higher positioned than different rising economies.

“On the face of it, appears to be like optimistic, even bold, but when we get to USD 5 trillion by 2026-27.

“We at the moment are USD 3.3 trillion, it isn’t such a troublesome goal to achieve. Then if you happen to merely assume 10 per cent nominal GDP development in greenback phrases, you then get to USD 10 trillion by 2033-34 and one other doubling with the identical charge,” he mentioned.

In 2019, Prime Minister Narendra Modi envisioned to make India a USD 5 trillion economic system and international powerhouse by 2024-25.

The CEA mentioned there’s a want for local weather tagging of the funds.

“GDP is the worst measure of financial actions however for all others. As a result of every thing else you’re taking, comes with their very own limitations and severe subjectivity,” he famous.

The World Financial institution has reduce India’s financial development forecast for the present fiscal to 7.5 % as rising inflation, provide chain disruptions, and geopolitical tensions taper restoration.

India’s economic system grew 8.7 % within the final fiscal (2021-22) in opposition to a 6.6 % contraction within the earlier yr.

In its third financial coverage of 2022-23, the Reserve Financial institution retained its GDP development forecast at 7.2 % for the present fiscal however cautioned in opposition to detrimental spillovers of geopolitical tensions and a slowdown within the international economic system. Nageswaran mentioned India must begin investing in getting the precise provide of metals and minerals required to gas the vitality transition.





Source link

Tags: AdviserAnanthachiefeconomicEconomyIndiaNageswaranTrillionUSD
Previous Post

HYSTERICAL, BIDEN IS AN ASSHOLE, STORY OF THE DAY – Investment Watch

Next Post

Chicken Enchiladas Verdes

Related Posts

Corn Sticking Close to Unchanged at Midday

Corn Sticking Close to Unchanged at Midday

by Barchart
July 11, 2025
0

Corn futures are down fractionally within the close by contracts, with new crop December up ¼ cent. There have been...

Life has no fun on high base as ULIP sales slow down

Life has no fun on high base as ULIP sales slow down

by Euro Times
July 11, 2025
0

MUMBAI: Life insurance coverage corporations posted a 4.25% year-on-year improve in new enterprise premiums for the April-June quarter, pushed largely...

Why Is Every Natural Disaster Being Politicized?

Why Is Every Natural Disaster Being Politicized?

by William L. Anderson
July 10, 2025
0

Even whereas the seek for lacking individuals in flood-ravaged Texas continues, the politicized invective has come from the Left. Maybe...

Barclays launch new sub-4% mortgage deal to compete with best rates on market

Barclays launch new sub-4% mortgage deal to compete with best rates on market

by Karl Matchett
July 11, 2025
0

Signal as much as our free cash publication for funding evaluation and skilled recommendation that will help you construct wealthSignal...

Genius Act: This New US Crypto Law Could Pave the Way for the Next Global Financial Crisis

Genius Act: This New US Crypto Law Could Pave the Way for the Next Global Financial Crisis

by Yves Smith
July 10, 2025
0

Yves right here. I want I had reposted among the content material from an incredible 2022 put up at Heisenberg...

Reagan’s Trade Gamble: The Story Behind the Voluntary Export Restraints

Reagan’s Trade Gamble: The Story Behind the Voluntary Export Restraints

by David Hebert, Marcus M. Witcher
July 10, 2025
0

Ronald Reagan deserves a lot reward for his stalwart dedication to free commerce and decreasing commerce obstacles. Even his most...

Next Post
Chicken Enchiladas Verdes

Chicken Enchiladas Verdes

The war in Ukraine triggered a global food shortage

The war in Ukraine triggered a global food shortage

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Why ACA health insurance premiums may see ‘sharp’ increase in 2026

Why ACA health insurance premiums may see ‘sharp’ increase in 2026

July 11, 2025
PEP, Supportive Care, and More

PEP, Supportive Care, and More

July 11, 2025
Research Predicts 0,000 Bitcoin By EOY, If Treasury Firms Hold

Research Predicts $160,000 Bitcoin By EOY, If Treasury Firms Hold

July 11, 2025
Russia develops Mi-80 to replace iconic Hip helicopter

Russia develops Mi-80 to replace iconic Hip helicopter

July 11, 2025
Elon Musk’s SpaceX set to launch Israel’s Dror satellite

Elon Musk’s SpaceX set to launch Israel’s Dror satellite

July 11, 2025
Corn Sticking Close to Unchanged at Midday

Corn Sticking Close to Unchanged at Midday

July 11, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Why ACA health insurance premiums may see ‘sharp’ increase in 2026

PEP, Supportive Care, and More

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In