City
Epaper

India needs 10-12 Champion States to become $30 trillion economy by 2047: Kant

By IANS | Updated: September 27, 2024 11:40 IST

New Delhi, Sep 27 In order to become a $30 trillion economy by 2047, India needs about 10 ...

Open in App

New Delhi, Sep 27 In order to become a $30 trillion economy by 2047, India needs about 10 to 12 ‘Champion States’ that consistently grow at over 10 per cent for the next couple of decades, G20 Sherpa and former NITI Aayog CEO, Amitabh Kant, said on Friday.

Speaking exclusively to IANS in the national Capital, Kant said states like Gujarat and Tamil Nadu delivered strong growth for a long period but now, the country needs a whole new range of ‘Champion States’ to help it become the third-largest economy faster than projected, and then move towards the goal of a ‘Viksit Bharat’ by 2047.

“States are very critical. Without states growing, we will not be able to achieve our goals. India needs about 10 to 12 ‘Champion States’ that grow at 10 per cent plus. We need states like Uttar Pradesh, Bihar, Chhattisgarh, Rajasthan to grow faster than ever,” Kant emphasised.

According to him, India must strive towards the $30 trillion economy goal in the next 20 years, not just becoming a $10 trillion economy by 2030 or 2032.

“To achieve this ambitious goal, these states need to grow at 10 to 12 per cent per annum for the next three decades. If they start growing at a rapid rate then the rest of India will automatically grow. It is also very critical that we make the eastern part of India grow very rapidly,” the G20 Sherpa told IANS.

The collective effort of all states and the Centre can help the country reach this milestone faster and achieve the goal of ‘Viksit Bharat’ by 2047, he added.

The economy, which was ranked the 10th-largest economy in the world in 2014, has risen to become the fifth-largest economy in 2024.

Now, the collective aim of the government and all citizens is for India to become the third-largest economy in the world.

According to Kant, the vision of ‘Viksit Bharat’ can be realised through ‘Viksit’ states, and that the aspiration of ‘Viksit Bharat’ should reach the grassroots level.

Prime Minister Narendra Modi recently made a cross-party appeal on all levels of governance — from panchayats to the Central government — on working together to improve ease of living in a "mission mode."

He said that achieving the vision of a ‘Viksit Bharat’ by 2047 will require a collaborative approach between the Centre and the state governments, to the level of gram panchayats.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

NationalUjjain University faces row after religious question appears in B.Com, BCA exam paper; probe ordered

EntertainmentNayanthara, Vignesh Shivan seek blessings at Tirumala Venkateswara temple

NationalTwo killed, over 15 injured in bus–trailer collision on Delhi-Jaipur highway

Politics"Assam against illegal migrants, will not vote for Congress": State Minister Pijush Hazarika

CricketIPL 2026, KKR vs LSG Today Match: Kolkata Weather Forecast, Eden Gardens Pitch Report, Match Timing, Probable Playing XIs & Live Streaming Details

Business Realted Stories

BusinessRegulatory Grey Zone Sparks Controversy: Are India's New Drug Approval Rules Being Applied Unevenly?

BusinessSensex may rise 22 pc to 95,000 by year-end: Morgan Stanley

BusinessUS market to dent India pharma earnings even as domestic growth remains firm: Report

BusinessApollo Micro Systems Achieves Major Milestone with Successful Limpet Mine Blast Trials

BusinessRailways to drive growth as India targets 3,000 million tonnes freight capacity by 2030