India will be a USD 30 trillion economy by 2047: NITI Aayog CEO

Asserting that 'Viksit Bharat' is not just a dream but a possibility, NITI Aayog CEO BVR Subrahmanyam on Wednesday said by most conservative estimates, India will be a USD 30 trillion economy by 2047.

Speaking at the 10th Vibrant Gujarat Global Summit, Subrahmanyam said India is in a position to take a quantum leap.

“Viksit Bharat is not just a dream, it's a possibility,” he said.

According to him, a vision document is being prepared for India to become a developed economy of USD 30 trillion by 2047, and it will be released by the Prime Minister by the end of January.

“By most conservative estimates, India is going to be a USD 30 trillion economy by 2047," Subrahmanyam said.

He noted that if all states become 'viksit' (developed) then the nation can also become viksit.

The NITI Aayog CEO noted that massive expansion in physical and digital infrastructure has taken place in India. "India is outperforming other emerging economies," he said, adding that this is a turning point in the country's history.

(With inputs from agencies)