India can become world's second-largest economy by 2031: RBI Dy Governor
The Business Guardian|July 14, 2024
India can become the second largest economy by 2031 and the largest economy in the world by 2060, said Michael Debabrata Patra, Deputy Governor, Reserve Bank of India (RBI) during a program at the Lal Bahadur Shastri National Academy of Administration, Mussoorie.
India can become world's second-largest economy by 2031: RBI Dy Governor

“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,” said Patra.

The deputy governor stated during an event of the Mid-Career Training Programme for officials of the Indian Administrative Service on July 9, at the Lal Bahadur Shastri National Academy of Administration.

He also called India’s journey in economic development an eventful and arduous one and added that during the last financial year 2023-24, India became a USD 3.6 trillion-dollar economy.

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