India expected to become $7 trillion economy in seven years: CEA

11 Jan 2023 CW Team

According to Chief Economic Advisor V Anantha Nageswaran, the Indian economy would be worth USD 3 trillion by the end of the current fiscal year 2022-23, and will be worth USD 7 trillion in the next seven years. The government earlier stated that India's economy would reach USD 5 trillion by 2025.

Speaking at a seminar held by MCCI, Nageswaran stated virtually that the calendar year 2023 began in the background of the continuous conflict between Russia and Ukraine, which will "raise geo-political and geo-economic concerns".

The other key factor is China's opening up after two years of the epidemic, and its impact on the global economy, particularly on falling oil and commodity prices, as well as on the growth of the advanced economies of the United States and Europe.

"In these contexts, the Indian economy will be of the size of USD 3 trillion at the end of March 2023 and USD 7 trillion in the next seven years, which is not impossible," Nageswaran said.

The CEA also said the most important issue is that the US is expected to lower its interest rates in 2024 or 2025, which will have an impact on the Indian rupee. The National Statistical Office has predicted that the economic growth of the country in 2022-23 will be seven per cent in real terms and 15.4 per cent in nominal ones, the economist said.

Also Read
Immediate need for transportation decarbonization: Nitin Gadkari
MMRDA issues tender for Metro Line 12

Infrastructure Urban

27 Jun 2026

RR Kabel features in Hurun India 500 list

RR Kabel has been featured in the 2025 Burgundy Private Hurun India 500, a list of India’s 500 most valuable companies. The list is compiled by Burgundy Private, Axis Bank’s private banking business, in partnership with Hurun India.The recognition highlights RR Kabel’s sustained growth, market leadership and long-term value creation in India’s consumer electrical sector. The annual list recognises companies that have contributed to India’s economic landscape through scale, performance and business value.The Burgundy Private Hurun India 500 ranks listed companies based on market capit..

Vedanta ranks among India’s top 100 workplaces

Vedanta Group has been recognised among India’s Top 100 Best Companies to Work For 2026 by Great Place to Work India. The recognition reflects the company’s focus on building a high-trust, high-performance and inclusive workplace across its businesses in natural resources, critical minerals, energy and technology.Over the past five years, Vedanta has enabled nearly Rs 25 billion in employee wealth creation through its broad-based Employee Stock Option programme. The company said the initiative is aimed at encouraging ownership and shared value creation across levels.Vedanta has also built ..

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..