+
Goyal: India's $3.5 Trillion Economy by 2047
ECONOMY & POLICY

Goyal: India's $3.5 Trillion Economy by 2047

Piyush Goyal, Union Minister of Commerce and Industry, affirms India's determined path to achieve a fully developed $3.5 trillion economy by the year 2047. This ambitious vision underscores the nation's commitment to sustained economic growth and development over the next few decades.

Goyal's statement reflects the government's confidence in India's economic potential and its ability to emerge as a major player on the global stage. The targeted $3.5 trillion milestone signifies a comprehensive approach towards economic advancement, encompassing various sectors and fostering innovation and resilience.

As India positions itself for significant economic expansion, Goyal's assertion emphasizes the importance of strategic policies, investments, and international collaborations to drive sustained growth. The goal of becoming a $3.5 trillion economy aligns with the broader global narrative of nations aspiring to achieve economic prosperity while addressing challenges related to sustainability and inclusivity.

Goyal's projection not only sets a clear economic trajectory for India but also underscores the nation's commitment to contributing meaningfully to the global economic landscape. Achieving this milestone by 2047 would mark a transformative journey for India, positioning it as a key player in the evolving dynamics of the world economy.

Piyush Goyal, Union Minister of Commerce and Industry, affirms India's determined path to achieve a fully developed $3.5 trillion economy by the year 2047. This ambitious vision underscores the nation's commitment to sustained economic growth and development over the next few decades. Goyal's statement reflects the government's confidence in India's economic potential and its ability to emerge as a major player on the global stage. The targeted $3.5 trillion milestone signifies a comprehensive approach towards economic advancement, encompassing various sectors and fostering innovation and resilience. As India positions itself for significant economic expansion, Goyal's assertion emphasizes the importance of strategic policies, investments, and international collaborations to drive sustained growth. The goal of becoming a $3.5 trillion economy aligns with the broader global narrative of nations aspiring to achieve economic prosperity while addressing challenges related to sustainability and inclusivity. Goyal's projection not only sets a clear economic trajectory for India but also underscores the nation's commitment to contributing meaningfully to the global economic landscape. Achieving this milestone by 2047 would mark a transformative journey for India, positioning it as a key player in the evolving dynamics of the world economy.

Next Story
Infrastructure Transport

Paradip Port Hits 50 MMT Mark in Just Four Months

The Paradip Port Authority (PPA) has set a new benchmark by handling 50 million metric tonnes (MMT) of cargo in just four months of the current financial year—its fastest ever. This milestone was reached four days earlier than last year, reflecting the port’s improved operational efficiency and strategic growth.Port officials credited this achievement to the successful implementation of efficiency-driven strategies, infrastructure upgrades, and the dedication of PPA’s workforce, supported by strong stakeholder engagement.Coal cargo rose to 22.06 MMT, recording a 0.53 per cent increase co..

Next Story
Infrastructure Energy

Thermal Power May Draw Rs 770 Billion Private Investment

India’s thermal power sector is projected to attract Rs 770 billion in private sector investment between FY26 and FY28, driven by renewed interest from major players such as Adani Power, Tata Power, JSW Energy, and Vedanta Power. According to Crisil Ratings, total thermal investments—including those by public sector undertakings—are expected to double to Rs 2.3 trillion during the same period.Private firms, which previously contributed only 7–8 per cent of thermal capacity funding, will now account for nearly a third, reflecting a shift in sentiment as long-term viability improves.For ..

Next Story
Infrastructure Urban

SEBI Upholds Ban on Gensol and Founders Over Fund Misuse

The Securities and Exchange Board of India (SEBI) has upheld its ban on Gensol Engineering and its former key executives, Anmol Singh Jaggi and Puneet Singh Jaggi, over alleged fund diversion and corporate governance lapses. The Jaggi brothers, co-founders of the electric vehicle ride-hailing firm BluSmart Mobility, are barred from accessing the securities markets or holding any directorial or senior managerial positions in Gensol.This decision comes amid ongoing insolvency proceedings at Gensol, now under the supervision of a court-appointed resolution professional. SEBI’s confirmatory orde..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?