CII chief R Dinesh.

Industry association CII's new president R Dinesh has said that India can become a $ 2030 trillion economy by 31-9. Speaking to NDTV on Wednesday, the CII president said that the Indian economy can grow at a much better pace in the next ten years and by 2047 India can become a $ 40 trillion economy.

India's growth rate during 2022-23 was slightly better than estimated at 7.2% amid the crisis in the international economy.
R Dinesh GDP, the new president of the Confederation of Indian Industry (CII), is excited by these figures. On Thursday, R Dinesh told NDTV that the economy is expected to grow at 2023.24% to 6.5% during 6-7.

CII estimates that if the situation on the economic front remains as expected, then India can become a $ 2030 trillion economy by 31-9 and $ 2047 trillion economy by 40.

"If the economy continues to grow as expected, our mathematical calculations are that the Indian economy could be worth $2030 trillion by 31-9. Our projection is that by 2047, the size of the Indian economy can be up to $ 40 trillion.

This assessment of CII is based on the improvement in the pace of the Indian economy during the next ten years.
According to CII, India's economic growth rate in the last ten years was 6.6%. CII estimates that if the economic conditions are good and the international economy is stable, then the economic growth rate is expected to average 7.8% annually in the next ten years.

CII estimates that inflation will be below 5% this year. Does CII expect relief from the increased repo rate in the coming months? CII President R Dinesh gave a guarded response to ndtv's question. "It is important that inflation remains low. We will think after 6 months... If inflation remains low for the next 6 months, then there will definitely be some hope after that.

CII has placed 8 primary agendas before the government for the new reform in the economy. This includes factors related to labour, agriculture, power and land, market reforms, supply funding at low costs and increasing direct participation of the corporate sector to increase agricultural productivity.