Dr Anish Shah: ‘By 2031, Indian GDP will add as much to the global GDP as the entire EU’

The ‘Ideas of India’ Summit 3.0 opened today in Mumbai with Dr Anish Shah, Group CEO and MD, Mahindra Group & President of FICCI, sharing his perspective on ‘Viksit Bharat: The Road to 2047’.

Representing India’s business world, Dr Shah shared his perspective on the pivotal role industries and enterprises will have to play for accelerating national growth and economic prosperity. 

He said, “Over the next 7 years, Indian GDP will add as much to the global GDP as the entire European Union combined. The Union Budget has prioritised economics over politics, adopted fiscal discipline and invested more in capex. The RBI has done a stellar job in containing inflation. Infrastructure is being massively developed to make manufacturing competitive in India. To make this vision a reality, each one of us has to play a role.”

Setting the goals for industry, Dr Shah added: “India envisions to be a 30 trillion economy by 2047 to be a Viksit Bharat. This means manufacturing should be 25% of GDP. We should be more ambitious and make manufacturing grow 16 times and exports grow 11 times.”

 Setting the spotlight on the people with the Summit theme of ‘The People’s Agenda’, the two-day long intellectual discourse is set around how India can leverage its population potential to reinforce its leadership position globally on the way to becoming a developed economy.

The ABP Network’s ‘Ideas of India’ Summit 3.0 spotlighting the ‘The People’s Agenda’ has brought a confluence of ideas and ideators to a common platform celebrating the country’s people and its plurality. The two-day summit has drawn policymakers, cultural ambassadors, industry experts, celebrities, business leaders, economists, and leading luminaries to delve into the fundamental ideas of liberty, justice, equality, and diversity that define India, its society, culture, and politics.