Indian economy to eclipse that of Germany, Japan in 3 yrs: NITI CEO

The Indian economy will be bigger than Germany and Japan in the next three years, and also it could become the second largest economy by 2047, NITI Aayog CEO BVR Subrahmanyam said on Thursday.

Addressing an event here, Subrahmanyam further said India can become an education hub for the world as the single biggest advantage it has, keeping all other things aside, is its democracy.

“Currently, the Indian economy is the fifth largest in the world. End of next year, we will be the fourth largest. Year after that will be the third largest,” he said. According to IMF data, the size of India economy currently stands at USD 4.3 trillion.

Business