<p>New Delhi: India could easily double the size of its economy by 2030, <a href="https://www.deccanherald.com/tags/niti-ayog">NITI Aayog</a> CEO BVR Subrahmanyam said on Wednesday.</p>.<p>At an event organised by the Public Affairs Forum of India (PAFI), Subrahmanyam added that climate change is an opportunity for India to become a leader in climate technology.</p>.<p>"Our economy should easily double by 2030...India's ambition to become the third-largest economy by 2026-2027 necessitates a cohesive grand strategy," he said.</p>.<p>Currently, in US dollar terms, India is the fifth largest economy with a size of about USD 3.7 trillion in nominal terms.</p>.<p>"India will be a big dominant player, it already matters and it will matter much more in global affairs, by 2047," he said.</p>.Climate change is opportunity for India to become leader in climate technology: NITI Aayog CEO.<p>Subrahmanyam said by 2047, India will be among the world's youngest nations demographically, poised for prosperity, with a projected per capita income of around $18,000 to $ 20,000.</p>.<p>"This growth is significant as India is expected to emerge as a major global player, building on the substantial progress made over the past decade in addressing challenges such as natural disasters and poverty," he said.</p>.<p>Further, he said that there is a need to look at the green economy, and the Aayog is working on developing a pathway for net zero carbon emissions by 2070.</p>.<p>"We have formed a task force and are working with the Central and state governments to achieve our targets," he added.</p>.<p>The CEO of NITI Aayog stressed the importance of Global Value Chains (GVCs).</p>.<p>He said that the government is working across sectors and services to build better strategies.</p>.<p>Subrahmanyam added that urban development and infrastructure are crucial, with cities designed as economic hubs to drive growth.</p>.<p>According to him, the private sector must lead in innovation and investment, supported by an enabling environment that attracts both portfolio and direct investments.</p>.<p>Additionally, the NITI Aayog CEO said reforming supply chains is essential for navigating globalisation.</p>.<p>He emphasised that ultimately, reforms at the state level and a commitment to cooperative federalism will ensure inclusive growth, positioning India to emerge as a global giant and lead into a prosperous future. </p>
<p>New Delhi: India could easily double the size of its economy by 2030, <a href="https://www.deccanherald.com/tags/niti-ayog">NITI Aayog</a> CEO BVR Subrahmanyam said on Wednesday.</p>.<p>At an event organised by the Public Affairs Forum of India (PAFI), Subrahmanyam added that climate change is an opportunity for India to become a leader in climate technology.</p>.<p>"Our economy should easily double by 2030...India's ambition to become the third-largest economy by 2026-2027 necessitates a cohesive grand strategy," he said.</p>.<p>Currently, in US dollar terms, India is the fifth largest economy with a size of about USD 3.7 trillion in nominal terms.</p>.<p>"India will be a big dominant player, it already matters and it will matter much more in global affairs, by 2047," he said.</p>.Climate change is opportunity for India to become leader in climate technology: NITI Aayog CEO.<p>Subrahmanyam said by 2047, India will be among the world's youngest nations demographically, poised for prosperity, with a projected per capita income of around $18,000 to $ 20,000.</p>.<p>"This growth is significant as India is expected to emerge as a major global player, building on the substantial progress made over the past decade in addressing challenges such as natural disasters and poverty," he said.</p>.<p>Further, he said that there is a need to look at the green economy, and the Aayog is working on developing a pathway for net zero carbon emissions by 2070.</p>.<p>"We have formed a task force and are working with the Central and state governments to achieve our targets," he added.</p>.<p>The CEO of NITI Aayog stressed the importance of Global Value Chains (GVCs).</p>.<p>He said that the government is working across sectors and services to build better strategies.</p>.<p>Subrahmanyam added that urban development and infrastructure are crucial, with cities designed as economic hubs to drive growth.</p>.<p>According to him, the private sector must lead in innovation and investment, supported by an enabling environment that attracts both portfolio and direct investments.</p>.<p>Additionally, the NITI Aayog CEO said reforming supply chains is essential for navigating globalisation.</p>.<p>He emphasised that ultimately, reforms at the state level and a commitment to cooperative federalism will ensure inclusive growth, positioning India to emerge as a global giant and lead into a prosperous future. </p>