India will become third-largest economy by 2047: NITI Aayog

Indian economy will be among the top economies in the world in the next few years using science, technology, and innovation in all sectors, bouncing back soon from the after effects of COVID 19, Vice-Chairman, NITI Aayog, Dr. Rajiv Kumar said at a webinar organized to celebrate 50 years of the Department of Science and Technology (DST) recently.

“Steps and reforms have been taken by the Government in all the sectors, like agriculture, modern medicine, traditional medicine, New Education Policy, Small & Medium Enterprises, labour sector and so on, to target being among the world’s top three economies,” he said at the webinar on DST Golden Jubilee Discourse Series – On the other side of the Pandemic – organised by National Council for Science & Technology Communication and Vigyan Prasar.

Dr. Kumar added that the economy post-COVID has been in the recovery mode after the first quarter and hoped that Indian economy will bounce back in next few quarters from the effects of COVID-19 disruptions, will grow by average 7-8 percent in next 20-30 years and become the third-largest economy by 2047. (PTK)