NITI Aayog, in collaboration with the University of California, Berkeley and Indira Gandhi Institute of Development Research (IGIDR), organised a two-day ‘International Workshop on India’s Multiple Transitions: Financing a Big Investment Push’ that concluded in Mumbai yesterday.
Suman K Bery, Vice Chairman, NITI Aayog, in his inaugural remarks, emphasised that the journey of growth for India over the last couple of decades has been impressive. He further added that India’s journey from being the 10th largest economy in 2014 to 5th today has been an incredibly fast growth in the phase of global and domestic challenges.
In his keynote address, Dr. V. Anantha Nageswaran, Chief Economic Advisor, Government of India observed that India’s journey to becoming a high-income economy by 2047 hinges on unlocking domestic savings, deepening financial markets, and driving transformative investments in innovation and sustainability.
Dr Basanta Pradhan, Director and Vice-Chancellor, IGIRD participating in the deliberations said that India’s ambition to achieve developed country status by 2047 was a remarkable goal. To realize it, a sustained GDP growth of 7 to 8% would be needed for a long period of time. It requires investment to pick up and grow rapidly.
