S Jaishankar Discusses India’s Economic Future at NDTV World Summit 2024
External Affairs Minister S Jaishankar spoke at the NDTV World Summit 2024, highlighting India’s economic growth. He referenced a Goldman Sachs study predicting India will become the third-largest economy by 2030 and a USD 52.5 trillion economy by 2075, making it the second-largest globally. Currently the fifth-largest, India was the 10th largest a decade ago.
Jaishankar emphasized India’s growing talent and skills, noting Europe’s and North America’s interest in Indian talent due to its large demographic. He discussed the importance of Indian leadership in global issues, such as the Ukraine conflict and natural disasters in the Indian Ocean.
Earlier, Jaishankar met with MPs from Australia and Germany to discuss topics like FDI, technology, and maritime security.
Doubts Revealed
S Jaishankar -: S Jaishankar is India’s External Affairs Minister, which means he is responsible for managing India’s relationships with other countries.
NDTV World Summit 2024 -: NDTV World Summit 2024 is a big meeting organized by NDTV, a popular news channel in India, where important people discuss global issues and future plans.
Goldman Sachs -: Goldman Sachs is a large international bank and financial company that provides advice and predictions about the economy.
Third-largest economy -: Being the third-largest economy means that by 2030, India is expected to have the third biggest amount of money made from goods and services in the world.
USD 52.5 trillion economy -: A USD 52.5 trillion economy means that by 2075, India is expected to produce goods and services worth 52.5 trillion US dollars, which is a huge amount of money.
FDI -: FDI stands for Foreign Direct Investment, which is when people or companies from other countries invest money in businesses in India.
MPs -: MPs are Members of Parliament, which means they are elected representatives who make laws and decisions for their country.