India’s real GDP growth is expected to be at 6.9 per cent in FY22-23 in comparison to 8.7 per cent in FY21-22, according to World Bank’s latest India Development Update.
Reposing faith in India’s growth prospect, Chief economics commentator at the Financial Times Martin Wolf on Thursday said that India will be the fastest-growing of the big economies over the next 10-20 years.
“It underlines a view of how quite a long time but obviously I have followed India for a long time since the 70s and it underlines what I think is a very important point is that over the next 10-20 years, it is overwhelmingly certain that India will be the fastest growing of the big economies and its very big,” Martin Wolf said at one of the sessions at the World Economic Forum in Davos. In his statement, Martin Wolf said that people who have not thought about India’s growth in terms of business and other sectors will miss the point about where the world is at this point of time.
“So, I think anybody who hasn’t in business and in other areas, thought very very seriously about what India will mean is really missing the point about where we are in the world. (ANI)
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