India is forecasted to become the world’s third-largest economy and stock market within five years, according to former NITI Aayog CEO Amitabh Kant. Speaking at a conference, Kant highlighted India’s recent growth rate of 8.3% and its projected contribution of nearly 20% to global economic expansion in the next decade. He emphasized the need for improved learning outcomes, skill development, and increased R&D spending to support India’s growth trajectory. Kant also credited reforms like the Goods and Services Tax and the Insolvency and Bankruptcy Code for driving India’s accelerated growth.
India Poised to Rise as Global Economic Power, Says Former NITI Aayog CEO
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