india 2034 By 2016, India will have an economy of $8 trillion and will be at the center of the world in terms of economics and global politics. This has been said by Bharatiya Janata Party leader and founder of India Foundation Shaurya Doval. Doval said that as far as exports are concerned, the country may have to face adverse conditions in the future. He said, “The way we are moving forward, in the next 25 years we will see that India will be at the center of the world in terms of economics and global politics. This is very good news for the country and the people of the country.”
$8000 billion economy by 2034
Doval said that this is mainly related to our economic progress. He said, “It took us 60 years to reach here. The British left us with an economy of $30 billion. In the year 2007, we became an economy of $1,000 billion. It took three generations of ours. From 2007 to 2014, we reached $2,000 billion. Today we are at $4,000 billion and this is despite the Covid pandemic.” Doval said that what was achieved in the last 75 years will be achieved in the next 10 years and by 2034 we will be an economy of $8,000 billion.
Challenges in terms of export
Doval, a bank official turned political thinker, said that more and more countries are now focusing on their capacity building, especially after the experience of the Covid pandemic. Doval said, “This is a bit of a problem for India now, because we need to increase the trade of goods and services to give impetus to our economy. That is why, as far as our export capacity is concerned, we may face challenges in this matter.”
The example given by China
Doval gave the example of China. It made full use of opportunities to reach where it is today in terms of economy. Doval said, “Fortunately we have a big market and certainly the initiative taken by the Narendra Modi government to bring 50 crore people into the organized sector of the economy is very beneficial for India’s economic growth. Because now we have our own primary market, which is growing. Given all this, we are able to deal with the impact of the challenges at the global level to a great extent. He also said that we have the challenge of energy and imports. “
Dependence on energy imports must be reduced
Doval said that to maintain the economic growth rate of eight to 10 percent, dependence on energy imports will have to be reduced. He said, “Energy dependence is increasing. Even though we have done a lot in the field of solar energy and clean energy, it is also true that it has increased in the last 10 years.” Doval said, “When there is no crude oil, we cannot produce it. This is the biggest challenge amid economic constraints.”
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