India will be the third-largest economy in the world in a few years, but it’s important for India to continue reforms, build better infrastructure, and invest in education, World Economic Forum (WEF) President Borge Brende said at the B20 Summit in New Delhi on Friday.
“There is a lot of optimism in India, which is also the basis of India’s presidency of the G20. India has been the fastest-growing economy for three years in a row, in the middle of sluggish global growth. India will be the third largest economy in the world in a few years, a 10 trillion dollar economy in a decade, and larger than Germany and Japan in a few years,” Brende said.
“It is important for India to continue reforms, build better infrastructure, and invest in education”, Brende added.
Brende asserted that countries should be allowed to be competitive and buy what is most relevant for their businesses, and future prosperity and poverty eradication will be based on open trade and strong global value chains.
“Global value chains are at the core of future growth and have to be inclusive and adjusted for climate change,” Brende said while delivering his address at the session on “Inclusive GVCs for Resilient Global Trade and Investment” at the B20 Summit India 2023.
