WEF Chief Borge Brende’s statement- India can become an economy of 10 trillion dollars in 10 years
India is coming out as a growing economy in the world. It is praised by the World Bank, IMF, and all global agencies. According to WEF Chief, India can become a $ 10 trillion economy in the coming times.
Between recession, geopolitical tension, and a weak investment cycle, Borge Brande sees India’s development story intact and current. Borge hopes that India’s growth rate will be 8 % this year. The chairman of the World Economic Forum told in a conversation with a media company, “We think in the coming decade, we can talk about the 10 trillion economy in the coming two decades.”
During the interview, Brende emphasized that the trade growth declined to 0.8 % compared to 3.4 % last year. However, he hoped that amid the Red Sea crisis, this year there would be a “slight jump” in global trade. Also, read this.