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Optimistic about $20 trn economy size in 20 yrs: Prabhu

“To reach one trillion (USD) GDP mark, it took India 20 years, but it added the next trillion in just six-seven years. Our economy can double in every six to six-and-a-half years,” Suresh Prabhu said.

Optimistic about $  20 trn economy size in 20 yrs: Prabhu

Union Railway Minister Suresh Prabhu on Friday said he was optimistic about the Indian economy growing to USD 20 trillion in size over the next 20 years. Addressing the ICAI regional meet here today, the minister said that Indian economy could become USD 20 trillion over the next 20 years.

“To reach one trillion (USD) GDP mark, it took India 20 years, but it added the next trillion in just six-seven years. Our economy can double in every six to six-and-a-half years,” Suresh Prabhu said.

The minister said that with the inflation in check and a prevailing conducive environment, the economy was looking up and foreign direct investments were increasing. “There is a tremendous respect among investors for the efforts of the Prime Minister who are eager to invest in India,” Prabhu said.

Speaking about democracy, he said despite alternative views in a democracy, “we should pursue growth to eradicate poverty”. “In a democracy, alternatives should be discussed but, at the end, a final decision has to be arrived at,” he said.

“We cannot be ambiguous about our goals. It is essential that concerted efforts are made and we have a comprehensive strategy to reach our goal, which is achieving inclusive growth coupled with elimination of poverty and corruption,” the minister added.

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