India to be among top three economic powers in next 10-15 years: Sitharaman
Sitharaman said at the ‘India-US Business and Investment Opportunities’ event here that the global economic outlook remains challenging and the Indian economy is not untouched by the impact of global economic developments.
He said that however, India has been able to move ahead on the path of development with the help of above-normal rainfall in the southwest monsoon, public investment, strong corporate balance sheet, confidence of consumers and businesses and the dwindling threat of the Kovid epidemic.
He said, “India has emerged as one of the fastest growing major economies of the world. It recently overtook the UK to become the fifth largest economy in the world and is expected to be among the top three economic powers globally in the next 10-15 years.
