Commerce and industry minister Piyush Goyal on Sunday said that India wants to capture the world market in all sectors and the country would “very soon” become a $30 trillion economy from the level of $3 trillion at present.
Goyal said that if India grows at 8% every year on a Compounded Annual Growth basis, the economy will double in about 9 years’ time at $6.5 trillion and in 18 years from now, it could be $13 trillion.
“In 27 years from now, the economy growth can be calculated as $26 trillion and hence after 30 years, it can be confidently put that India will be a $30 trillion economy,” he said at the Exporter’s Meet at Tiruppur.
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