India can double economy in about 7-8 years if it grows at 8%: Rajiv Kumar
Expressing confidence over India’s healthy economic growth, Niti Aayog Vice-Chairman Rajiv Kumar has said that the country can double its economy in about 7-8 years if it grows at the rate of 8 per cent, which is feasible as the country has sustained a growth rate of 8.5 per cent earlier for a long time.
Kumar said ‘if things remain normal, and we are not witnessing the fourth wave of the pandemic or any ghastly outcome in Ukraine then we can achieve 8 per cent growth because we have done that. If we can do it, we can achieve the doubling of the economy in about 7-8 years’.
Highlighting that the target of becoming a $5-trillion economy is not rhetoric, he said that the country is already a $2.7 trillion economy and it just needs to double it. Noting that India has sustained an 8.5 per cent growth rate in 2003-2011, he said ‘we must recognise the fact that India is the only country which will have to achieve this growth (8 per cent) while fully taking care of the environment’.
