Latest news with #Kant
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Business Standard
16 hours ago
- Business
- Business Standard
Indian economy to be close to $30 trillion mark by 2047: Amitabh Kant
India's economy, which is currently $4 trillion in size, is expected to be close to $30 trillion by 2047 and the country also has the advantage of younger demographics, G20 Sherpa Amitabh Kant said on Monday. He was speaking at a session on the sidelines of the International Air Transport Association (IATA) in the national capital. "The demographics are very young. The Western part of the world is ageing and Japan has already aged, even China is ageing. India is just 28 and even when we become 100, the average age will be 35 years. It is a country of baby boomers," Kant said. According to him, the country's economy will be close to $30 trillion in 2047. The country is a $4 trillion economy and just became the fourth largest economy in the world, he added. While emphasising about sustainable urbanisation, Kant said the country will see around 5 million people getting into the process of urbanisation and there will be a need to create 500 new cities in India. "You need to create two new Americas in the next five decades. You need to create a Chicago every five years in India. That is the challenge for India," he said. Kant also said that India's ambition is to create 400 airports. There are more than 150 operational airports in the country. "You need great airports, great airlines, you need them to do long haul... IndiGo and Air India with their wide body aircraft should go out and compete with Emirates, Qatar Airways... We believe in competing in the marketplace," he noted.
Time of India
17 hours ago
- Business
- Time of India
Indian economy to be close to $30 trillion by 2047: Amitabh Kant
India's economy, which is currently USD 4 trillion in size, is expected to be close to USD 30 trillion by 2047 and the country also has the advantage of younger demographics, G20 Sherpa Amitabh Kant said on Monday. He was speaking at a session on the sidelines of the International Air Transport Association (IATA) in the national capital. "The demographics are very young. The Western part of the world is ageing and Japan has already aged, even China is ageing. India is just 28 and even when we become 100, the average age will be 35 years. It is a country of baby boomers," Kant said. According to him, the country's economy will be close to USD 30 trillion in 2047. The country is a USD 4 trillion economy and just became the fourth largest economy in the world, he added. Live Events While emphasising about sustainable urbanisation, Kant said the country will see around 5 million people getting into the process of urbanisation and there will be a need to create 500 new cities in India . "You need to create two new Americas in the next five decades. You need to create a Chicago every five years in India. That is the challenge for India," he said. Kant also said that India's ambition is to create 400 airports. There are more than 150 operational airports in the country. "You need great airports, great airlines, you need them to do long haul... IndiGo and Air India with their wide body aircraft should go out and compete with Emirates, Qatar Airways... We believe in competing in the marketplace," he noted. Economic Times WhatsApp channel )
India Today
17 hours ago
- Business
- India Today
India likely to become a $30 trillion economy by 2047, says Amitabh Kant
India's economy is set to grow big in the coming years. According to Amitabh Kant, G20 Sherpa and former NITI Aayog CEO, the country could become a $30 trillion economy by 2047, reported PTI. He shared this optimistic view during an event held alongside the International Air Transport Association (IATA) meet in New present, India's economy is valued at around $4 trillion. It recently became the fourth-largest economy in the world. But Kant believes this is just the POPULATION A BIG STRENGTHadvertisementOne of India's greatest strengths, Kant pointed out, is its young population. He mentioned that the average age in India is just 28, and even by 2047, when the country turns 100, the average age will still be around comparison, many Western nations, along with Japan and even China are experiencing an ageing described India as a 'nation of baby boomers', adding that the youth will play a key role in powering the economy GROWTH AND THE NEED FOR NEW CITIES Amitabh Kant highlighted the pace of urbanisation India is expected to witness in the coming decades, noting that nearly five million people will move to cities. To accommodate this shift, he said the country would need to develop around 500 new the magnitude of the challenge, he remarked that India would essentially have to create two new Americas over the next 50 years, which is equivalent to building a city the size of Chicago every five ON EXPANDING AIR TRAVELAnother area where India is aiming high is aviation. Kant said India plans to have 400 airports in the future. At the moment, there are just over 150 operational airports in the country. He emphasised the need to develop strong airlines and world-class airports. According to him, carriers like IndiGo and Air India should be able to compete on the global stage, going head-to-head with established international players such as Emirates and Qatar Watch
Time of India
3 days ago
- Politics
- Time of India
Supreme Court initiates criminal contempt proceedings against YouTuber for remarks against judge
Supreme Court initiates criminal contempt proceedings against YouTuber for remarks against judge NEW DELHI: Supreme Court on Friday initiated criminal contempt proceedings against YouTube journalist Ajay Shukla for his contemptuous, scandalous and defamatory remarks casting aspersions on senior-most judge of SC, Justice Surya Kant, for the way a bench led by him dealt with Madhya Pradesh minister Vijay Shah for his "crass comments" on Col Sofiya Qureshi. A bench of Justices Kant and N Kotiswar Singh had rejected Shah's apology terming it a facade, and ordered an SIT to probe his comments, but stayed his arrest. The same bench had enforced a similar process against Ashoka University professor Ali Khan Mahmudabad for his "objectionable" comments on Op Sindoor. On Friday, a bench of CJI B R Gavai and Justices A G Masih and A S Chandurkar took suo motu cognisance of a 150-second YouTube video in which Shukla, who claims to be editor-in-chief of a digital media organisation, was heard attributing motives while making unfounded defamatory allegations against Justice Kant, who is next in line to become the CJI. Terming Shukla's remarks "scathingly scandalous", the bench said, "No doubt the Constitution guarantees the right to freedom of speech, but at the same time, this right is subject to reasonable restrictions specified under Article 19(2) of the Constitution. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Truque caseiro noturno eficaz contra a papada (faça hoje mesmo) Revista & Saúde Saiba Mais Undo A person cannot be permitted to make allegations defamatory and contemptuous in nature which brings the highest institution in judiciary to disrepute." SC directed its registry to lodge a suo motu criminal contempt case against Shukla and the YouTube channel. SC sought Shukla's response and posted further hearing in July. SC sought the assistance of attorney general R Venkataramani and solicitor general Tushar Mehta, who said Shukla's comments were defamatory and contemptuous. The bench directed the YouTube channel to take down the video and restrained social media platforms from exhibiting the clip. In SC's judgment punishing advocate Prashant Bhushan for contempt in 2020, a three-judge bench, of which Justice Gavai was a part, had said, "If a scathing attack is made on judges, it would become difficult for them to work fearlessly and with the objectivity of approach to the issues. The judgment can be criticised. However, motives to the judges need not be attributed, as it brings administration of justice into disrepute. "
Business Standard
4 days ago
- Business
- Business Standard
G20 Sherpa Amitabh Kant urges Indian businesses to build foundational AI models
Mr Amitabh Kant, Indias G20 Sherpa, said that the Artificial Intelligence (AI) race has just begun and urged Indian businesses to build foundational models. Mr Kant was speaking at the session on Making this Indias Moment: What Must India Do? at the CII Annual Business Summit 2025 in New Delhi on 29 May. Indias G20 Sherpa believes that Indian models will provide solutions to many of the challenges faced by countries around the world. What we did in digital public infrastructure is that we used open source, open API, globally interoperable models, and those models will be the way forward for us. Therefore, India must build its foundational model. I believe India will provide these foundational models for many areas which have challenges for the world, he said. How to improve learning outcomes, health outcomes and nutritional standards, etc. India will use its 22 languages and thousands of dialects to find solutions to many of the challenges of the world. Indian startups will do some pathbreaking work in this area, Mr Kant said. Talking about the ease of doing business, Indias G20 Sherpa said that the central government has put in the building blocks, and that it is time for states to bring reforms. He also urged the industry to invest in research and development to develop cutting-edge technologies to sustain Indias accelerated growth. He also said that Quality Control Orders (QCOs) must be used rationally to ensure Indian industry can grow. To make Indian Industry more competitive, he suggested that States give land to the industry on long-term lease and privatise DISCOMS to make them more efficient. He also underlined the need for an Alternative Dispute Resolution (ADR) mechanism to ensure speedy justice, especially in commercial cases.
