India could be 3rd largest economy by 2026: Arvind Panagariya
Saturday, 16 December 2023 India has the potential to become a $5 trillion economy and the world's third-largest, ahead of most predictions, according to Arvind Panagariya, professor at Columbia University. Panagariya emphasized that India's GDP growth rate of 10.2% in current dollars will reach $5 trillion in 2026 and $5.5 trillion in 2027. He highlighted the need for India to facilitate the growth of its economic units and take essential steps. Panagariya also discussed India's advantageous position geopolitically and its friendly relations with various countries.
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India emphasized the importance of balancing freedom of expression with public safety amidst escalating protests against Israeli military actions at US universities. External affairs spokesperson Randhir Jaiswal urged democracies to maintain this balance, stressing that actions at home define reputations globally. The statement coincides with intensified crackdowns, including New York City police raiding Columbia University to disperse pro-Palestinian demonstrators.
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Saturday, 16 December 2023
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