India could be USD 5 trillion economy by 2025: Hardeep Puri

The Indian economy is poised to touch USD 5 trillion next financial year – 2024-25 – and capitalise to double to USD 10 trillion by the end of this decade, said Union Petroleum Minister Hardeep Puri.

At present, the Indian economy is estimated to be about USD 3.7 trillion.

Lord Ram is blessing us. We are the fifth-largest economy and the fourth-largest stock market… I think that in the next 1-2 years, we will not only be the fourth-largest economy but we will go further ahead,” Puri told on Tuesday

“I was somewhere told that we would be a USD 5 trillion economy by 2028. I told him that there is no need to wait until 2028; it will happen by 2024-25. We will then be a 10 trillion dollar economy by 2030,” Puri, who is also Urban and Housing Affairs Minister, said.

Global interest in India, he added, is increasing by the day, be it in digital infrastructure, the automobile market, energy or biofuels.

Source: ET