India Expected To Become Third Largest Economy By 2038: CM Chandrababu Naidu

Chief Minister of Andhra Pradesh Chandrababu Naidu said that there is no scarcity of knowledge and skill in India. He illuminated that more than one sector contributes to development in the country. While speaking at the Indian Science Congress in Tirupati, he made this remark.

Economic Growth and Position in the World

Chandrababu Naidu said that India took a drastic turn after the 1991 economic reforms and is now an assured country with a stable government under Prime Minister Modi. He added that according to estimates, India will be the third largest economy by 2038 and a global power by 2047. He said India's presence is growing globally, and its population continues to grow while it is falling in several other countries.

Major Development Projects

The Chief Minister highlighted some of the key projects in Andhra Pradesh:

• A Space City in Tirupati
• Kurnool Will Have Drone City
• An Aerospace City in Anantapur
• The Next MedTech Park in Visakhapatnam

He also spoke about the promotion of technology and innovation. In Hyderabad earlier, he promoted the IT sector, which helped the Telugu professionals get paid highest salaries in the world. Now, he is promoting quantum computing in Amaravati. He said that Google has invested a sum of $15 billion in Visakhapatnam.

Skills and Earnings Focus

• Chandrababu highlighted that Indians are getting good remuneration all over the world. He attributed the growth in the country's knowledge base and continuous initiatives in technological growth to offering a chance for Indians to get global opportunities.
• Brief Overview: With the help of governmental stability, technological development, and large-scale projects in Andhra Pradesh, India is expected to be among the three largest economies in the world by 2038.