Speaking at the Lal Bahadur Shastri National Academy of Administration, Mussoorie on Tuesday, he said that price stability was the best contribution monetary policy could make to strengthen the foundations for longterm growth.
"Given the innate strengths... it is possible to imagine India striking out into the next decade to become the second largest economy in the world, not by 2048, but by 2031, and the largest economy of the world by 2060," he said.
The speech was uploaded on the RBI website on Friday.
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