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India not a dead economy, poised to become 3rd-largest in world: Amitabh Kant

India not a dead economy, poised to become 3rd-largest in world: Amitabh Kant

India Todaya day ago
India is far from being a dead economy, former NITI Aayog CEO Amitabh Kant said, countering US President Donald Trump's recent remark. In a firm rebuttal, Kant asserted that India is not only the fastest-growing large economy today but also poised to become the third-largest globally in the near future.'India is anything but a dead economy because India is the fastest-growing large economy. We are already the fourth-largest in the world and will shortly become the third-largest,' he said.advertisementKant credited this momentum to sweeping structural reforms, rapid digitisation, and aggressive infrastructure development. 'We've carried out major reforms like GST and the Insolvency and Bankruptcy Code (IBC),' he said. 'We've digitised our economy in a way no other country has.'
He also pointed to India's infrastructure push—from universal electrification and mass housing to the construction of over 88,000 km of roads. 'No other country has built infrastructure at this scale in recent times,' he said.On digital and green growth, Kant noted India's leadership in digital payments and identity infrastructure. 'No other country in the world has digital identities for 1.5 billion people. We also lead in fast payments. That gives a huge impetus to growth,' he said.Referring to India's resilience, Kant added, 'India always delivers when there is a crisis, and to my mind this is an opportunity to really eliminate a vast number of rules, procedures, and regulations which exist.'His comments come as a strong counter to Trump's statement and highlight India's long-term economic ambition and confidence amid global uncertainty.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- Ends
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