India can become $10 trn economy in 15 years: HUL CMD Sanjiv Mehta

On economic recovery, Mehta said the key issue is determining the appropriate level of interest rate to spur growth

India has the potential to achieve a high GDP growth rate of around 10 per cent and be a $10 trillion economy in the next 12 to 15 years, HUL CMD Sanjiv Mehta said on Monday.

Terming the present situation as a "massive opportunity for the country", Mehta said impetus should be given on digitising sectors like manufacturing, agriculture and pharma.

"In the last three decades, we have achieved about 6 to 6.5 per cent on an average GDP growth rate and if we have to create a 10 million jobs every year, then we have to cross this chasm