Vice President Jagdeep Dhankhar Highlights India’s Economic Growth at Cyber Security Conference
Vice President Jagdeep Dhankhar expressed confidence in India’s economic growth, noting the country’s rise from the 11th to the 5th largest economy in a decade. Speaking at the 3rd GCTC Cyber Security Conference, he highlighted various steps taken to achieve this growth.
Dhankhar said, “Just a decade ago, we were taken as a fragile five countries on the point of the economy. What a jump in a decade! From slot number eleven, we are at number five.”
Meanwhile, Michael Debabrata Patra, Deputy Governor of the Reserve Bank of India (RBI), projected that India could become the second-largest economy by 2031 and the largest by 2060. He made these remarks during a program at the Lal Bahadur Shastri National Academy of Administration in Mussoorie.
Patra stated, “It is possible to imagine India striking out into the next decade to become the second largest economy in the world not by 2048, but by 2031 and the largest economy of the world by 2060.” He also noted that India became a USD 3.6 trillion-dollar economy in the last financial year 2023-24.
The Organisation for Economic Cooperation and Development (OECD) projects that in PPP (purchasing power parity) terms, India will overtake the US by 2048 to become the second-largest economy in the world.
