India Aims for $55 Trillion Economy by 2047, Says Piyush Goyal

India Aims for $55 Trillion Economy by 2047, Says Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Wednesday expressed optimism that India’s goal of becoming a $55 trillion economy by 2047 is achievable through self-sufficiency, technological advancements, a stronger currency, and improved economic fundamentals. He highlighted the government’s initiatives, including a shift from oil to electric vehicles and enhancing manufacturing quality. Goyal emphasized that reducing imports of goods, oil seeds, rubber, and pulses will support currency strength and economic growth, aligning with the vision outlined in K V Subramanian’s book Bharat@100: Envisioning Tomorrow’s Economic Powerhouse.

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