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India likely to be $6.5-7 trn economy by 2030: PM-EAC chairman Bibek Debroy

At the current exchange rate economy would touch $10 trillion by 2035-40: Bibek Debroy

Press Trust of India  |  New Delhi 

Bibek Debroy
Bibek Debroy, Chairman, PM-EAC

India is expected to be a $6.5-7 trillion economy by 2030, and at the current exchange rate it would touch $10 trillion by 2035-40, Chairman of the to the Prime Minister (EAC-PM) said on Thursday.

The per capita income in India by 2030 will, however, be just USD 4,000, still less than many other countries, he said.

"In the year 2030, India's national income will be around USD 6.5-7 trillion. If exchange rate remains what it is today then by 2035-40, India will be $10 trillion economy.

"And if exchange rate appreciates then India will be $10 trillion economy before 2035," said at Skoch summit here.

India will be remarkably different country as the size of its economy will enhance the country's role in global affairs, he said.

He also said that people are not seeking government jobs today, instead, more and more people are providing jobs to others.

Talking about the issues related to land, said it is a contentious issue and it is very inefficiently used in India. "We don't have clear system of land titling.

First Published: Thu, December 21 2017. 15:44 IST