Indian Economy To Grow At 8-10 Pct For 15 Years: Arvind Panagariya


NEW DELHI: The Indian economy is expected to grow at 8-10 per cent for the next 15 years, though the expansion may be higher in dollar terms, NITI Aayog Vice Chairman Arvind Panagariya said.

"I expect India's economy to grow anywhere between 8-10 per cent in the next 15 years," Panagariya said while delivering a lecture at an energy conference here.

He further said, "If the economy actually grows at 8-10 per cent in rupees, in dollar terms it would be about 11-12 per cent and that kind of growth will turn India into about an USD 8 trillion economy from the current USD 2 trillion."

The Finance Ministry had also projected in the Economic Survey the growth at 8-8.5 per cent in the current financial year (2015-16) and double-digit in the coming years.

The NITI Aayog chief added that the country's economy grew by 8 per cent under the earlier NDA government regime and that was sustained for a long period of time.
Read Also:
Hannover Fair: Essel Group Seeks Partners For Smart City Projects
Chinese Firm Keen To Invest In Andhra Pradesh

Source: PTI