IMF Chief a bright light economy –India!!
India has the potential to become a $10 trillion economy, just these steps have to be taken
International Monetary Fund (IMF) Chief Economist Pierre-Olivier Gourinchas said the indian economy is booming at a time when the world is facing the prospect of a recession.
Pierre-Olivier Gourinchas said that india has the potential to become a $10 trillion economy. He said I mean, we have seen many countries in the past grow very fast and grow fast too. He said that it is a bit difficult for many countries to become a USD 10 trillion economies but there is a huge potential for an economy like India. To do this, india needs to undertake several structural reforms.
Pierre-Olivier Gourinchas said that india is one of the largest economies. So, when it's growing at solid rates like 6.8 or 6.1, it's noticeable. In a picture where all other economies and advanced economies rarely grow at that pace, if india is still doing well, it is a good sign.