India to be $10 trillion economy by 2030: Garg

The Indian economy is at a “take off” stage and is expected to be the world’s third largest by 2030 with GDP worth $10 trillion, Economic Affairs Secretary Subhash Chandra Garg said.

“Good days are ahead and lot of good work is happening in the economy. The economy is on a stage of take off where Indians can legitimately hold their heads high,” he said here.

In the first 40 years of independence, the country hardly grew at 3.5%, and today 7-8% is the norm, Mr. Garg said at a function to mark the platinum jubilee celebrations of the Institute of Cost Accountants of India (ICAI).

“By 2030, we can legitimately expect to be a $10 trillion economy. That is the challenge. That is also the opportunity,” he said.

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